Limited Liability Companies are relatively simple structures for businesses, but some elements can be confusing for new business owners. Where to incorporate your business and what to do when your company moves states are two big questions that can be difficult to suss out. This week we’re diving into all of the details you’ll want to keep in mind when considering the location of your LLC.
In this episode, we’ll cover:
How to handle your LLC if you move
What to do if you are in the military and have an LLC as a side-hustle
Why you shouldn’t register your business in a state other than your own (even if the taxes and fees are cheaper elsewhere)
When it’s best to file as a “foreign entity” and when it’s best to “domesticate” your LLC
Looking for more insight on LLCs? Check out our LLC episode, or take a screenshot of this episode, add it to your Instagram Stories, tag @andreasagerlaw and let me know your question! Plus, follow our brand new IG, @legalpreneur!
This episode is sponsored by The Contract Vault:
With 90 contracts and counting, The Contract Vault is your all-access pass to industry-specific template contracts. Our contract templates are constantly being updated to reflect new changes in the law, ensuring that you and your business are fully protected.
Plus, members of The Contract Vault have access to our Members-Only Facebook Group, where each month I teach deep dives on important topics that you need to know to protect your business. Think of it as your Business Legal School.
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The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020