Moving?  How To Update Your LLC

It’s inevitable, if you’re in the military, you’ll be moving to a new state at some point. Of course, you change your address, update utilities, etc. But what about the LLC you set up? There are a lot of variables you’ll need to consider. The Registered Agent is the main thing we need to stay on top of. The Registered Agent is the legal address on record that receives notice in the event of a lawsuit and is also the address the Secretary of State sends your renewal notices to. Thankfully, NCH has offices in all 50 states to serve as your Registered Agent when needed. I’ll give you a rundown of my thought process and determining your best course of action.  

If you’re an “Active Income Business,” meaning your company generates self-employed income for selling products or services, you’ll most likely want to keep the LLC open and simply register your LLC with the state you’re moving to. This allows you to keep the same Employer Identification Number (EIN), same checking account, same credit accounts, etc. The processing of registering your LLC with your new state is called foreign filing. Keep in mind, if you were serving as your own Registered Agent, you’ll want to hire a registered agent service. (Call NCH).

If you’re a “Passive Income Business,” meaning you’re holding rental properties, we’ll want to be sure to register the LLC appropriately with state where the properties are located. There is no legal requirement to register with the new state you’re moving to, unless you move California! If for example you live in North Carolina and you set up a North Carolina LLC to own a rental property in North Carolina, and listed yourself as the Registered Agent, you’re going to need to hire a registered agent when you move.  

If you’ve followed my guidance and have established your LLC in Wyoming and have NCH as your registered agent, you just need to call our office, and we take care of the rest.

With NCH, the state’s top business formation service, you can register your LLC in Nevada quickly and easily. Our specialists will help you choose the right entity for your company and understand why an LLC in Nevada is your best option. We’ll assist you with all necessary Nevada LLC forms, including the vital Articles of Organization, and help you comply with state regulations. In addition, we offer expert assistance with tax compliance, credit building, and payroll management. Schedule a private consultation to explore effective solutions to minimize tax liabilities and protect your wealth. Start unleashing your LLC’s full potential today with NCH. Schedule a consultation with Adam Kintigh today!

DISCLAIMER: The above material has been prepared for informational purposes only, containing opinions of the provider, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Please consider consulting tax, legal, and accounting advisors before engaging in any transaction.