Keep in mind you’ll need to complete duplicate reports and file any annual paperwork required by each state. Your tax liability may also increase significantly. For example, if you originally formed your LLC in California, you’ll owe an annual franchise tax just to stay registered, even if you don’t make any income in California.
You’ll enter information about your LLC’s original registration, including its name, date of registry, and the state where it was originally formed.
Most business owners use a registered agent service. Look online to find a company based in your new state.
You’ll be sent a printable digital copy of the certificate. Print it and include it with your foreign registration application if you’re filing via mail or in person. If you’re filing online, check your state’s instructions to see if you should upload or mail the certificate and any other supporting documents.
In some states, you’ll receive an email notification and digital copy of your certificate in as little as 24 hours.
Registering a new LLC from scratch is undesirable, since you’d lose your employer identification number and business credit history.
If your business name isn’t available in your new state, you’ll need to select a new one.
Business owners usually prefer to hire a registered agent service. Look online to find a company based in your new state.
Ordering a certificate of good standing is free in some states. In others, ordering one costs between $10 and $20.
If you need to expedite your application, you can usually pay to have it processed in 24 to 48 hours. Expediting your application can cost up to $500.
Domesticating an LLC allows you to keep your bank accounts, lines of credit, credit history, and tax ID number. However, you’ll need to update your business accounts with your new office address, phone number, and any other changes in contact information. You might need to submit a certificate of dissolution to your new state in order to finalize the domestication process.
Domesticating an LLC allows you to keep your bank accounts, lines of credit, credit history, and tax ID number. However, you’ll need to update your business accounts with your new office address, phone number, and any other changes in contact information. You might need to submit a certificate of dissolution to your new state in order to finalize the domestication process.
