Move Company From One State To Another State!

Category : Articles About Moving Company From One State To Another
Posted On : 19th Jun 2014


Businesses move all the time. Maybe you’re expanding and are out of capacity at your current location, or maybe a move is for personal reasons. Maybe you want to relocate to a state that is more favorable to small businesses.

You can move your existing corporation or an LLC instead of creating a new entity in the state you are planning to move to save age of the existing company.

Please bear in mind that each state has different rules and regulation to follow and some states do not allow you to move your company from one state to another.

You can either check the following link to see if your state allows you to domicile in the  state you are planning to move or can call us at (866) 754-4460

 

States Allowed Article of Domestication and Conversion

 

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ATD

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I am a US Citizen, now currently in India and likely to be here for several years. I would like to open an LLC in my former home state of Maryland in the US (I will likely be the only employee as a consultant), and provide my consulting services in the telecommunications area to US companies. Following are my questions: 1) Can opening an LLC in US be done, without me having a permanent address in the US and myself working from India to US companies 2) If so, what are the general tax implications? I assume that I will have to pay US taxes, including SS matching for myself. What is the approximate tax %? I assume that I will not get any typical tax benefits of a US resident LLC 3) I will be charging customers typical US labor rate and getting paid in dollars Thanks!

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Reply from: infotaxsquare.com | 2012-08-24

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/

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Nicole Brown

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Opening a small business (food store) what I should do first I need help with business plan where to register?

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Reply from: infotaxsquare.com | 2010-05-05

  • 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

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Nannei Tanson

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What are the pros and cons of re-incorporating under a different/new name, tax ID etc?

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Reply from: infotaxsquare.com | 2010-05-05

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.

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