Anonymous
Post 07/08/2022 05:56     Subject: Re:How to move LLC to another state?
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Anonymous
Post 07/01/2022 13:11     Subject: How to move LLC to another state?
Why not just file the paperwork to register a foreign (i.e., organized in a different state) LLC in the new location?
Anonymous
Post 06/27/2022 23:38     Subject: Re:How to move LLC to another state?
Anonymous wrote:
Anonymous wrote:I’m a corporate lawyer who has done this type of work in my practice. I obviously cannot give you legal advice or advice specific to your situation, but the general procedure that I would recommend for this is that you’d file a conversion (not a dissolution) in DC and file paperwork in VA indicating that you’re converting the DC LLC to a VA LLC (this is different from creating a new entity). That way the existing entity, and its EIN, operating agreement, etc. survive rather than you dissolving it and creating a whole new one. If you do any business in DC or want to keep the business active there, you will need to “qualify” the LLC to do business there as a foreign entity and will need to maintain a registered agent in DC as well.


PP from above and realized I misread your post. If you’re considering moving to DC or MD from VA, you’d do this process in reverse. I would probably recommend moving it to your new state, but if it’s a move within the DC/MD/VA area, then you could also just qualify the LLC in your new state and maintain a registered agent in VA. There may be tax reasons not to do this though, just speaking from the corporate entity perspective.


Thanks. I'm currently looking at tax implications of being based in various locations -- keep llc in VA, dissolve/convert to DC/MD, dissolve/convert to other states (DE, NV, etc.)
Anonymous
Post 06/27/2022 16:47     Subject: Re:How to move LLC to another state?
Anonymous wrote:I’m a corporate lawyer who has done this type of work in my practice. I obviously cannot give you legal advice or advice specific to your situation, but the general procedure that I would recommend for this is that you’d file a conversion (not a dissolution) in DC and file paperwork in VA indicating that you’re converting the DC LLC to a VA LLC (this is different from creating a new entity). That way the existing entity, and its EIN, operating agreement, etc. survive rather than you dissolving it and creating a whole new one. If you do any business in DC or want to keep the business active there, you will need to “qualify” the LLC to do business there as a foreign entity and will need to maintain a registered agent in DC as well.


PP from above and realized I misread your post. If you’re considering moving to DC or MD from VA, you’d do this process in reverse. I would probably recommend moving it to your new state, but if it’s a move within the DC/MD/VA area, then you could also just qualify the LLC in your new state and maintain a registered agent in VA. There may be tax reasons not to do this though, just speaking from the corporate entity perspective.
Anonymous
Post 06/27/2022 16:45     Subject: Re:How to move LLC to another state?
I’m a corporate lawyer who has done this type of work in my practice. I obviously cannot give you legal advice or advice specific to your situation, but the general procedure that I would recommend for this is that you’d file a conversion (not a dissolution) in DC and file paperwork in VA indicating that you’re converting the DC LLC to a VA LLC (this is different from creating a new entity). That way the existing entity, and its EIN, operating agreement, etc. survive rather than you dissolving it and creating a whole new one. If you do any business in DC or want to keep the business active there, you will need to “qualify” the LLC to do business there as a foreign entity and will need to maintain a registered agent in DC as well.
Anonymous
Post 06/27/2022 15:05     Subject: Re:How to move LLC to another state?
Anonymous wrote:Is your LLC a PTE (like an S-Corp)? In that case the tax is really at the personal level. My LLC is in DC but I no longer office there. Yet I still have to file a return in DC, along with MD. It would be easier to have it in MD at this point.


Do you actually get taxed in DC? Or is the return just paperwork?

Anonymous
Post 06/27/2022 14:59     Subject: Re:How to move LLC to another state?
Is your LLC a PTE (like an S-Corp)? In that case the tax is really at the personal level. My LLC is in DC but I no longer office there. Yet I still have to file a return in DC, along with MD. It would be easier to have it in MD at this point.
Anonymous
Post 06/27/2022 14:44     Subject: Re:How to move LLC to another state?
Anonymous wrote:Step one - get a lawyer that specializes in business law
Step two - do what the lawyer says


Overkill.

I set up my LLC myself and prefer to handle it myself.

Just wanted to know if anyone had personal experience with this.
Anonymous
Post 06/27/2022 08:21     Subject: Re:How to move LLC to another state?
Step one - get a lawyer that specializes in business law
Step two - do what the lawyer says
Anonymous
Post 06/27/2022 08:18     Subject: How to move LLC to another state?
I’m exploring options to move out of VA, possibly to DC or MD.

Looks like I’ll have to dissolve my LLC and create a new one?

Should I consider creating it another state? Tax advantages to base it in DE or NV if I’m living/working in DC/MD?

Anyone with personal experience?