Life comes at you fast, which means having a business attorney readily available to roll with the punches of your business needs is imperative. Whether you decide to move to another state or have been offered another reason personally or financially, there are many factors to consider before doing so. The move itself will not only require the physicality of moving all your belongings, but you own an LLC (Limited Liability Company), and figuring out how to move that will be another requirement aside from the sweating.
Moving your business is a feat in and of itself, but moving your business shouldn’t have to be. The business attorneys at Enara Law PLLC are here to provide you with all the resources and information you need so you can have a business fully operational before you even step foot into your newfound state of residence.
How To File LLC Articles Of Domestication
When filing for a “Domestication” for your LLC, it means the process of changing, ergo the companies domicile or location can be changed and, in this situation, changed to your new resident state. You can change the residence from any form but only move it to specific conditions that support domestication. Some Examples of these states include:
- District of Columbia
- New Hampshire
- New Jersey
- South Carolina
- South Dakota
Suppose you do not see your state listed above. In that case, you may need to find a new state that supports domestication, and if your new state does not support domestication and you don’t want to contend with operating an LLC that’s formed in one state and registered to do business in another, then developing a new LLC all together might be your only option. In a perfect world, you have chosen a green light state for domestication. Then you are allowed to keep the same EIN (Tax Identification Number), which further helps your business’s integrity. Since you are making a change to the business address of your LLC, this would mean filing an Amendment to your Articles of Organization. Once that has been done, having a Certificate of Good Standing is your next step. Then filing for the actual Articles of domestication comes after that. Your final step is to dissolve the previous business in your former state and submit a form of proof in your new state to solidify the successful transition of moving your business from state to state.
The more knowledge you have before you make your move, the easier the transition will be for you and your business. This will also help ensure you can work seamlessly in your new state without making crucial document mistakes. If you need assistance, Enara Law PLLC is here to help. Please give us a call at 602-687-2010. We offer a twenty-four hour seven days a week service. You can also email us directly at [email protected].