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💡 How to keep your business alive when you move.

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Relocating your LLC? You’ve got three main legal options to consider, depending on your needs and circumstances.
Domestication lets you transfer your LLC to a new state while keeping its EIN, formation date, contracts, and credit history intact.

Essentially, it’s like changing your legal address without forming a new business.
Foreign registration allows your LLC to operate in a second state while remaining legally based in the original state.

This involves obtaining a Certificate of Authority to do business in the new location.

It’s a good choice for maintaining operations in multiple states but requires annual fees and paperwork in both.
Dissolving and reforming means closing your current LLC and starting fresh in the new state.

While this creates a brand-new entity, it’s sometimes the only option if domestication isn’t allowed.

Let’s dive into each option, including the steps, perks, and potential challenges.
Option 1: Domestication (When Your State Allows It)
If you want to relocate your LLC without disrupting its legal identity, domestication is the way to go – provided both your current and new states allow it.

Also called statutory conversion or LLC redomestication, this process ensures continuity for your business.
Why choose domestication? Your LLC keeps its tax accounts, banking details, business history, and contracts intact.

There’s no need to amend or reassign existing agreements, licenses, or credit relationships.
The process involves filing specific paperwork in both states.

You’ll need to submit Articles of Domestication (or equivalent documents) to the new state and notify your current state of the move.

The timeline typically ranges from 2 to 6 weeks, and costs can vary between $710 and $3,050, depending on whether legal assistance is required.
However, domestication is only possible if both states have the necessary laws in place.

If either state doesn’t permit it, you’ll need to explore other options.

Find your state’s rules
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BusinessAnywhere LLC, 1740 Dell Range Blvd Ste H 13, Cheyenne, WYOMING (WY) 82009, United States


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