Summer moves can be busy, yet in the midst of a physical move, you also need to take your legal obligations seriously whenever crossing state borders.
Westlake Village, CA (PRWEB) July 31, 2013
CorpNet.com, a leading online business document filing company that helps entrepreneurs start a business and keep a business in compliance, is helping small business owners move their corporation or LLC from one state to another this summer.
Summer is the busiest time of year for moving. In fact, approximately 65 percent of the 43 million Americans who are moving this year will move sometime between Memorial Day and Labor Day. Entrepreneurs who are moving their small business probably already know how to change their mailing address or switch their cable service, but what about legally moving a corporate structure from one state to another?
CorpNet.com’s founder and CEO, Nellie Akalp, recently published an article in Small Business Trends, Planning a summer move: Move your corporation from one state to another. In it, she outlined two different approaches, depending on whether the move is permanent and whether the owner is planning on operating the business in both old and new states.
For example, if you’re permanently moving to a new state and have no plans on operating your business in the old state, then the cleanest approach is to close the corporation/LLC in your original state and form an LLC or corporation in the new state.
However, in those situations where your move is only temporary or you’d still like to conduct business in your old state, then you should keep your corporation or LLC registered in the original state and then file a foreign qualification in the new state.
“Summer moves can be busy,” said Akalp. “Yet in the midst of a physical move, you also need to take your legal obligations seriously whenever crossing state borders. Handling the paperwork upfront will be simpler and far more affordable than having to deal with the consequences of operating improperly in the state.”
CorpNet.com is an online business document filing service that provides new and existing business owners with the most comprehensive, cost-effective services when it comes to starting, protecting, and managing a business. Through its website, CorpNet.com provides business filing services required for a variety of business needs such as: incorporate online or form a Limited Liability Company (LLC), file a DBA, Doing Business in Multiple States (Foreign Qualifications), close a business (Dissolutions), Registered Agent Representations, Trademark Search and Registrations, and Corporate Compliance services and supplies for all 50 states.
Founded by experienced entrepreneur/attorney husband and wife team, Philip and Nellie Akalp, CorpNet.com is a private company based in Westlake Village, CA. For more information, please visit http://www.corpnet.com or follow @CorpNet on Twitter.