How To Register Out Of State Llc In Florida
An llc or a corporation is domestic in the state of organization or the state where it started.
How to register out of state llc in florida. If your move is temporary or you plan to move back to the original state of operation consider continuing as an llc or corporation in the old state and registering as a foreign corporation doing business in a new state. The secretary of state requires applicants to complete a two page form and submit a certificate of existence or similar document from the state or country where the llc is organized along with filing fees. 2 enforce child support law on behalf of about 1 025 000 children with 1 26 billion collected in fy 06 07. 4 reasons for incorporating out of state. 3 oversee property tax administration involving 10 9.
A company that engages in business in a state other than the one where it was formed may have to qualify to do business in that state. Having an out of state business will help get your tax costs under control. Out of state companies must register to do business in florida registering a business or company means it may operate in additional states besides the state it was first started in. Incorporating your business out of state can bring a handful of benefits including lower taxes a better regulated business environment stronger privacy and opportunities for getting investors. Keep an old llc and register in a new state.
1 administer tax law for 36 taxes and fees processing nearly 37 5 billion and more than 10 million tax filings annually. If your business started in massachusetts for example that would be the only state the business would be considered domestic in. A company can engage in business in a domestic state without having to undergo qualification. By jennifer reuting. Florida department of revenue the florida department of revenue has three primary lines of business.
If your limited liability company llc isn t a bricks and mortar business maybe you re running an internet company or a consulting or service business that isn t restricted to a particular state and you live in a high tax state forming your llc in another state may save you money in taxes and fees. The florida department of state is committed to our customers and we are implementing critical investments to our systems and processes which will improve efficiency and security for florida businesses. Florida has a long arm statute that prescribes the circumstances under which an out of state defendant can be haled into florida court under in personam jurisdiction. When in doubt about whether a certificate of authority is necessary it is probably prudent to register your foreign llc in florida.