Below are some options to keep in mind for moving your business to Nevada. Register as a Foreign LLC in Nevada pursuant to NV Rev Stat § 86.544 (2013). Many states require businesses to register with the Secretary of State’s office. Failure to register a business can result in fines and penalties. Identify how you would want to register your business.
Registration Options
- Dissolve home LLC and Establish New LLC.
- Operate in both the home state and Nevada.
- Transfer a Company.
The decision to relocate a company from California to Nevada is motivated by escaping higher income taxes. Before relocating a company research legislation of both states. Moving a firm entails more than changing location.
Establishing an Online Presence
Taxpayer A decides to open an online jewelry business to save money by moving to an income tax-free state.
The Process of Domestication
To transfer your LLC to Nevada, go through domestication. File Nevada Articles of Domestication and Articles of organization for your Nevada LLC.
Benefits of Moving to Nevada
Nevada is a desirable business relocation destination with low cost-of-living. Draft a detailed business plan, your roadmap to profitability.
Unique Considerations
Creating a Nevada business can be challenging. Check if you’re prepared with our Quiz. Compare your business name to ensure it’s unique using the Nevada Business Search.
LLC Relocation Options and Legal Advice
You may have limited options for moving your LLC, depending on what state you are moving from. Consider talking to an attorney or a business lawyer in Nevada for relocation options.
Domestication is, in most cases, the simplest method for an out-of-state LLC to move to Nevada.
Post-Relocation Formalities
After relocating, notify the post office of the address change and update all financial accounts.
Maintaining Business Relations
LLC domestication allows you to maintain previous business relationships.
Establishing an LLC in Nevada
Before transferring LLC ownership in Nevada in 2023, establish an LLC in the state to ensure compliance.
Reasons for Changing Your Nevada LLC’s Address
As your business grows, you might need to change your Nevada LLC’s address.
Moving a California Corporation to Nevada
To move a California corporation to Nevada, draft a conversion plan and obtain necessary approvals.
Residency Changes
If you wish to become a nonresident of California, you will need to legally alter your residency.
Business Entity Transfers
Business entity transfers involve formation, conversion, merger, and require attention to detail.