Moving Companies Holly Springs MS

Companies aren’t stationary. They move from one state to another, usually to lower the cost of doing business and/or to provide a better quality of life for owners and employees. No one really knows how many businesses relocate to different states each year, but certainly many do.

When a business moves, there are important things to address: finding suitable space in the new state, applying for tax and other incentives from the new state or city (e.g., local property tax abatements), working with staff for a smooth transition to the new location, keeping customers informed, acclimating yourself with the new location and, of course, physically making the move. But there’s one more important thing to decide: What to do about your business’s organization.

Sole proprietorships and partnerships simply move and register to do business by filing a DBA in the new location. But if you are a corporation or a limited liability company (LLC), business entities that are creatures of state law, you need to make certain decisions and take formal actions. Here are your options, depending on which type of entity you are. Your decision will rest on matters of convenience, cost and, most importantly, taxes.

Corporations

When a corporation moves its corporate offices to a new state, it must decide how to proceed. There are three options:

• Continue as a corporation in the old state and register as a foreign corporation doing business in the new state.

Author: BizFilings

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