Blissful Visions
New Member
- Jurisdiction
- Texas
I want to form a private foundation in the state of Delaware, and donate funds to nonprofits and individuals in other U.S. states, including Texas where I currently live. It only takes one person to form a private foundation or nonprofit in Delaware, whereas in most other states it takes three unrelated persons, including Texas. Is it necessary for me to register as a foreign entity (aka "out-of-state-entity") in Texas and in the states where I want to donate? Checking the registration requirements for foreign entities at the Texas Secretary of State website, I see NO rule under the heading "Registration Requirements" that requires a nonprofit to file for registration. Your answer is much appreciated.[h3][/h3]
Foreign or Out-of-State Entities