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How to Start a Business When You Are Moving to Another State

Moving? Does Your Business Need to Move With You, Too? Moving to a New State and Starting a Business? More than 30 million people in the U.S. move each year; that's over 10 percent of the population. ID More than 13 percent of those movers, around 4 million people, relocate to a different state. Individual or family moves make up 44 percent of all moves, while corporate moves make up 38 percent. The increasing percentage AZ of self-employed small business owners means that many of those individual and family moves also involve moving a business. The top states to move to are Idaho, Arizona, South Carolina, Tennessee TN and North Carolina. Make Your Interstate LLC Business Move Fast and Easy - 4 Options Keep Your Existing LLC and Register as a Foreign LLC in the New State Keep your current LLC in your original state. File paperwork to register as a “Foreign" LLC in your new state and pay a fee. Comply with reporting, tax and other regulations for your LLC in both states. Track and meet business filings and deadlines in both states. Transfer Your LLC Between States - Domestication Move your LLC out of your original state and into your new state. Keep the same business details, including tax ID, bank accounts and other information. Get a "Certificate of Good Sto from your original state. ling" File the certificate together with “Articles of Domestication" in the new state. Dissolve the LLC in the original state. Not all states allow domestication – if yours does not, you will need to use a different method. Start a Brand-New LLC in the New 3 State and Dissolve the Old One Form an LLC in your new state by filing Articles of Organization. Complete any additional steps like EIN registration, setting up a bank account and similar. Dissolve the LLC in your original state. Stay on top of tax filing, reporting and other compliance requirements for your old and new LLCS. Start a New LLC and Merge the Old One Into the New One Form an LLC in your new state. Complete any additional steps like EIN registration, setting up a bank account and similar. Review the rules for merging LLCS for your new state. File Articles of Merger with the Secretary of State in your new state. This dissolves the old LLC and merges it into the new one. incfile References https://www.moving.org/newsroom/data-research/about-our-industry/ https://www.moving.org/newsroom/data-research/about-our-industry/ https://www.movebuddha.com/blog/moving-industry-statistics/#sources https://www.northamerican.com/migration-map

How to Start a Business When You Are Moving to Another State

shared by kevin39 on Jul 01
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Starting a business will depend on the timing and circumstances of your move, your goals, and your business. There are a few options to choose from when setting up a business in another state, and our...

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