Moving Your LLC to Another State And More Free Legal Advice ? Free Joe 1/15/13

Jesse: I own an LLC in NYC. I have no employees. I run my business from home. And currently I have no products or inventory being sold. Basically my business is fully on hold. I want to move my business to Tennessee. I do own a trademark but that's my only asset, if that is an asset. What's my best bet in relocating my LLC to another state? Thank you Joe.

Joe Escalante: You should talk to a tax pro immediately. NYC probably has a high minimum tax that you're going to have to pay if you are doing business there, even if there is no profit or real activity. In Tennessee, my guess is that it will be less. Check with the secretary of state...

Source: http://blog.legalzoom.com/free-joe-friday/moving-your-llc-to-another-state-and-more-free-legal-advice-free-joe-11513/

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