There are two reasons a corporation would elect to file as a "foreign corporation," dear Skals (peace to you!), and both are just sound business decisions:
1. They're filing as a US corporation in one state while doing business (or was formerly registered) in another state; or
2. They're seeking relief from double taxation. For example, where they are taxed in another country, they can received a credit so as not to be taxed again in the US.
Since they're a non-profit here and so not subject to federal taxation, most likely it's the first one because:
Quote:
"The use of foreign corporation registration allows
a corporation to operate in multiple jurisdictions as the same organization in all of them. The only
alternative would be to register a separate corporation in each jurisdiction, and separate every operation according to the particular jurisdiction to which the operations are taking place. This would mean,
for example, a corporation operating in 5 U.S. states would have to have separate domestic corporations in each of the five states, as opposed to having a single corporation registered in one state, and being registered as a foreign corporation in the other four.
For example,
many public corporations in the United States are registered in the State of Delaware (because of more favorable corporate governance regulations),
or registered in Nevada (because of more favorable tax provisions, privacy and corporate officer liability protection)
and then are registered as foreign corporations in all the other states that they do business in. Thus
the corporation is a domestic corporation in Delaware or Nevada, and is a foreign corporation in any other state (or country) with which it registers.
There may be tax benefits as a result of choosing where a corporation's domestic jurisdiction is located. For example,
Texas and Nevada
have no state income tax. While Delaware does not have income tax, it does have a substantial corporate privilege tax."
http://wikipedia.org/wiki/Foreign_corporationAlthough Texas has no state income tax, it's unlikely, again, that avoiding taxes was the motive because they are a nonprofit and so not taxed anyway.
I hope this helps.
Peace to you!
Your servant and a slave of Christ,
Shellamar, who cautions all from jumping to the WRONG conclusions (i.e., the WTBTS'
business dealings are probably impeccable... which is why that really isn't the tack one would want to take when trying to oppose/expose them. Their THEOLOGY/spiritual issues, however, are another story entirely. In THOSE, they are absolutely corrupt!)