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Dear Kyra, If you are running your business from a home in Colorado you technically create what is called “nexus” in Colorado. It means, for example, that your company would...
Jim, You certainly could open an S-Corp in Wyoming, Nevada, or any of the United States, regardless of where your business address would be. (For example, you could use your...
Justin, Nevada can be a very expensive state to register and maintain a company in. We usually only recommend Nevada when you have a strong nexus with the state, such...
...account in any other state, provided you supply the banker with a letter stating the company does no business in that state. This way you avoid having to supply them...
Simon, The costs associated with forming any new entity varies greatly depending on your regional and business needs. For example, if you are selling products, or rendering a professional service...
...example, if a member is running some of the business operations from a home office in Kansas, then your company is required to foreign qualify in Kansas (in other words,...
...state where you are currently located. In your example if your business is physically in MN, just changing the state where you register will not avoid MN taxation unless you...
...licenses and permits the company may have, as the identifier of the business name would be changed, for example, from Inc. to LLC. Other possible ‘issues’ may be tax-related, as...
...state, you may be required to follow additional requirements: for example, if you convert from an LLC to a Corporation or vice versa in a state which requires a specific...
Dear Brian, The process of converting your entity is a relatively simple one, but it really depends on your state of incorporation. For example, at this link you can read...
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