Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
Corporation Status In Texas In California
State:
Multi-State
Control #:
US-0046-CR
Format:
Word;
Rich Text
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FAQ
Generally, CA Stock Corporations and Qualified Out-of-State Corporations are required to file their Statement of Information yearly in the month of registration with the California Secretary of State.
The answer is yes; you can legally live in a different state than where you formed your LLC. However, whether you want to is a different story.
Under 18 CCR § 17951-4(a), when a non-resident operates a business or performs their trade or profession entirely outside of the state, any income derived from that work will not be taxable. Nonetheless, this does not mean that such a non-resident cannot be taxed for other sources of income derived within the state.
There are three (3) potential ways of moving a corporation from one state to another. Reincorporation. Form a new-state corporation; transfer assets and liabilities of the existing corporation to the new-state corporation; and dissolve the existing corporation ( known as "Reincorporation").
There are three (3) potential ways of moving a corporation from one state to another. Reincorporation. Form a new-state corporation; transfer assets and liabilities of the existing corporation to the new-state corporation; and dissolve the existing corporation ( known as "Reincorporation").
Yes, an LLC can own property in any state, but you may need to register as a foreign LLC in that state.
Part of the consideration for owning multiple businesses is, naturally, wanting to avoid additional costs for maintaining another LLC. The answer is yes--it is possible and permissible to operate multiple businesses under one umbrella LLC.