Dear ATD:

Thanks for choosing InfoTaxSquare.com for your business needs. You can use the following link for most of your questions and if still need any assistance please call us at 1+516.822.3100.00 to Register LLC in Mariland.

https://www.infotaxsquare.com/e-book/

• Decide the best structure for your business like Corporation, Limited Liability company or sole proprietor
• What licenses you may need?
• Do you to have to buy workers compensation for your employees?

It is highly recommended to retain a professional to guide you step-by-step

A pro as making a fresh start/clean break/clean new books? A con as losing the good credit history built up? Other considerations? Overall bad or good idea?  From tax perspective maybe?

1. If trying to avoid tax liabilities then it is a bad idea
2. If you owe  p.roll or sales taxes to the departments then new licenses will not be issued until pay all prior dues.
3. With a new start will lose all credibility
4. Bottom line it all depends what you want to achieve by creating a new entity instead of using existing.