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how to find unclaimed money in more than one state

by Jason
(Dallas, TX USA)

Question, my partner and I have an LLC setup for general investments, and we want to branch into this area. one question we have, do we have to get a foreign qualification in order to do business in each state that we locate for? nobody seems to be able to answer this question for us. for instance, the company is based in texas, and we are looking at doing asset location in louisiana. do we need to get a foreign qualification for our company to be able to do this?

From Mark:
Jason,
Do you plan on opening an office in Louisiana? If not, and you are finding unclaimed money from your Texas office, you shouldn't need a foreign qualification.
Our office is based in New York. However, we do not really look for unclaimed money in New York unless requested to do so because the dollar amounts are not given on the unclaimed money list.
We look for unclaimed money in Alaska, California, Ohio, etc. but do not have a foreign qualification because we do not have offices there.
If we were opening an office in any of these states we would probably have to get it, but as far as finding in one state when you're in another, you do not need it.

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