NCMEDIC Posted June 15, 2017 Report Share Posted June 15, 2017 First, let me start off by saying this is my first post on Escapees. We are experienced RV'ers, and plan to start fulltiming in approximately 4 years. That should be enough time for my Type A mind to take care of all the pesky details........ LOL We currently have an LLC in North Carolina, but I was curious if it is possible to transfer that existing LLC to Montana for tax purposes after retirement. We have a drone photography business and there is very little equipment to move, so that isn't an issue. I'd like to take advantage of the tax structure in Montana without going to the expense of starting a second LLC, if possible. Link to comment Share on other sites More sharing options...
itgeekgal Posted June 15, 2017 Report Share Posted June 15, 2017 I don't know the answer to your question but our Montana Attorney would: http://www.bennettlawofficepc.com/ Give them a call... Steve & Karen 09 Tiffin Phaeton 42QRH 08 Ford F150 4x4 10 Polaris RZR Class of 2010 Link to comment Share on other sites More sharing options...
Kirk W Posted June 17, 2017 Report Share Posted June 17, 2017 On 6/15/2017 at 3:37 PM, NCMEDIC said: I'd like to take advantage of the tax structure in Montana without going to the expense of starting a second LLC, if possible. I would agree with Steve & Karen except that you may not want to move it to Montana since they do have a state income tax. If that is important to you then TX, SD, or FL would be a much better choice and I'd suggest moving your other domicile-related things to that chosen state as well. Tax issues are by far the most common issue when one changes domicile so professional legal advice is probably in order. Good travelin !...............KirkFull-time 11+ years...... Now seasonal travelers.Kirk & Pam's Great RV Adventure Link to comment Share on other sites More sharing options...
RV Vagabond Jerry Posted August 4, 2017 Report Share Posted August 4, 2017 You cannot transfer LLC's from state to state. It will always be a NC LLC. You can register it to do business in MT but you then would have to renew it each year in both states. Best to shut it down and create a new MT LLC. Link to comment Share on other sites More sharing options...
Life Quest Posted August 23, 2017 Report Share Posted August 23, 2017 On 8/3/2017 at 9:08 PM, RV Vagabond Jerry said: You cannot transfer LLC's from state to state. It will always be a NC LLC. You can register it to do business in MT but you then would have to renew it each year in both states. Best to shut it down and create a new MT LLC. Exactly. Consult with your accountant and/or attorney. Our CPA had us shut ours down and start a new one in the new state when we moved. -Jim Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.