Move Corporation to Different State

$199.00

SKU: FS-MOV-CORP Category: Tag:

Description

Move Your Corporation to a Different State

L4SB will move your Corporation from its original state to a new (target) state.

This is a new, experimental service offering. Please be prepared for some trial-and-error — and even the states themselves can get confused about this. Rules are changing quickly, and our ability to do this depends on you, the status of your company, and whether the original and target states cooperate.

What’s Included:

  • Lawyer Defined (TM). Only the very best will do for our clients.
  • Coordinated Paperwork. We’ll coordinate between your original and target states all the paperwork necessary.
  • The Couture Bylaws/Shareholder Agreement (TM). The best Bylaws/Shareholder Agreement available (short of hiring an attorney), or we can make simple edits to your existing documents if you prefer, to make it compatible with the Target State.
  • Work With Professionals. L4SB employs certified paralegals and trained legal assistants, with immediate escalation to attorneys as necessary.
  • Same Day Service
  • Attorney-Client Confidentiality. Only a law firm like L4SB is governed by the Attorney Professional Rules of Conduct that requires client confidentiality to be treated very seriously.
  • Automatic Privacy. We only convey the absolutely minimum necessary to the state, in an attempt to maximize your privacy.
  • Articles of Organization, Domestication or Merger. As appropriate.
  • Stamped Articles / Certificate of Organization, Domestication or Merger. Necessary to open a bank account, and depends on your target state.
  • Registered Agent Service. Legally required for legal notices and service of process.
  • Potential Attorney-Client Privilege. Read more about this below (including important limitations). Your interactions with our attorneys are privileged, and can provide an extra layer of confidentiality, privacy and protection in some instances.
  • Name Availability Verification
  • Template Corporate/Shareholder/Board Resolutions
  • Tailored Instructions: How to Vote. We give you personalized, tailored instructions on how to properly conduct a vote, given the methods and options you’ve selected in your Bylaws/Shareholder Agreement.
  • Tailored Instructions: Taxation. We also give you personalized, tailored instructions on the tax status of your organization.
  • Tailored Instructions: Next Steps. Once your organization is formed, we give you a checklist on next steps. If appropriate (i.e. for Asset Purchase and Foreign Corporation), we’ll give you an e-Book to help you with your transition.
  • Spousal Consent. Very important when moving into or out of community property states, and is included in the Couture Bylaws/Shareholder Agreement.
  • Compliance Assistance. Our systems will notify you of important dates and upcoming compliance tasks in your target state.
  • Personalized Dashboard. We are investing heavily in technology, and constantly adding new features to make it easy to keep informed, seek guidance, obtain assistance, and more.
  • Bank Account Anywhere. You can obtain a bank account anywhere in the US, including your target state.
  • From Cradle to Grave. Forming a company is just your first interaction with us — we’ll be here to help you at every step, to provide legal assistance, advice, documents and much, much more (additional fees may apply).

What’s NOT Included:

  • This service does not include structural changes to your Corporation, such as adding or removing shareholders, changing your Board of Directors, or other substantive changes to your Corporation. We can help you, but such help is not covered under the flat-rate fee of this offering.
  • This service does not include dealing with any tax issues, whether federal, state or local.
  • This service does not include local business licensure, permitting, professional licensure or other license issues.
  • This service does not include unforeseen expenses, including but not limited to bringing your Corporation into compliance in the original state, paying back taxes or fees owed to any state, resolving naming problems or conflicts, or new fees or changes in fee structures at any state.
Domestication

Domestication is where your Corporation literally moves from one state to another. This is only available when both states permit this (meaning, if only one state permits this, even the Target State, you cannot use Domestication). The Corporation remains the same, it’s just “domesticated” in a new state. It keeps its same FEIN. It keeps its credit, bank accounts, merchant accounts and everything. The process involves:

  • We verify your Corporation is properly setup and in good-standing for the domestication, and we work with you and advise you as appropriate, if your Corporation needs work before the domestication.
  • We submit a domestication request to your Original State (i.e. where your Corporation is currently domesticated).
  • We submit the Plan of Domestication or Statement of Domestication, as appropriate, to the Target State.
  • We form a new Corporation, if required, in those states where it is required.
  • We update and revise your Bylaws, to make it compatible with your Target State. If you don’t have Bylaws, we’ll give you one.
  • We’ll update any Buy/Sell Agreement and Shareholder Agreement, for an extra fee.
Merger

Merger is where your Corporation literally moves from one state to another, by merging into a new surviving Corporation and the old Corporation is dissolved. This has the same benefits as a domestication, but takes longer and is more expensive. You have a “new” Corporation, but it inherits all the attributes and traits of your old LCorporationC. It keeps its same FEIN. It keeps its credit, bank accounts, merchant accounts and everything. The process involves:

  • We verify your Corporation is properly setup and in good-standing for the merger, and we work with you and advise you as appropriate, if your Corporation needs work before the merger.
  • We form a new Corporation in the Target State.
  • We update and revise your Bylaws, to make it compatible with your Target State. If you don’t have Bylaws, we’ll give you a new one.
  • We submit the Plan of Merger to the Target State.
  • We dissolve the old Corporation in the Original State.
Asset Purchase

Asset Purchase is where you literally sell all the assets of your old Corporation to a new Corporation located in a new state. You have a “new” Corporation, with the old assets, but it’s almost like starting over. You will need a new FEIN. You start over from a credit standpoint. Banks will require you to open a new account. Your merchant accounts and other vendor relationships will need to start over and you will need new accounts. The advantage to this, is the expense — it is much cheaper. The process involves:

  • We form a new Corporation in the Target State.
  • We update and revise your Bylaws, to make it compatible with your Target State. If you don’t have Bylaws, we’ll give you a template.
  • We give you an “Asset Purchase Agreement” template, that you use to officially transfer the assets (note that you will need to revise and update this document, as appropriate for your unique circumstances and you will need to transfer the assets yourself to the new Corporation).
  • We will give you a “Tips and Tricks for Transferring Assets in an Asset Purchase” e-Book to help guide you.
  • We dissolve the old Corporation in the Original State.
Foreign Corporation

Foreign Corporation is when you keep your existing Corporation where it is, but you also register it in the Target State. The advantage is low-cost and speed, but the disadvantage is that you may have to submit taxes in two states. The process involves:

  • We file a foreign Corporation in your Target State.

That’s it. Your existing company stays as it is. You are then officially “conducting and transacting business” in both your Original and Target states.

Lawyer Defined (TM)

A L4SB exclusive. This means guaranteed high-quality processes and documents, to maximize your security, privacy, liability and asset protection, and much more. We won’t let you do something that can jeopardize your long-term safety, like our competition. For example, when our competition says you can use their address and provide “free mail service,” doing this violates USPS rules and therefore could be used against you and your company by a plaintiff’s attorney, if you ever found yourself in a lawsuit. We will also advise you, and help you setup your organization structure properly to maximize tax benefits, minimize liability, and ensure legal compliance in all jurisdictions you may operate.

Registered Agent Services

A registered Agent is a person or company with a mailing address (not PO box) in the state your company is registered who can receive service of process and governmental notices on behalf of your company. This is not a physical address for your company. The Law 4 Small Business difference: You’re not alone — We review legal notices sent to your company, and will give you feedback / guide you, if requested.

The Couture Bylaws/Shareholder Agreement (TM) for Corporations

Did you know good Bylaws and Shareholder Agreement is absolutely critical to minimize costly problems down the road? Good Bylaws and Shareholder Agreement are ones written for your specific state laws, tax status, management style, voting requirements and much, much more? This means a “template” is not going to cut it.

Only L4SB has it. We’ve written an expert system that generates a high-quality, highly customized Bylaws/Shareholder Agreement for you. Chose from over 100+ options, and it’s smart — it guides you and makes recommendations based on what it learns from you.

Potential Attorney-Client Privilege

Attorney-client privilege is a very complicated topic and is never absolute in all circumstances. It typically applies to communications between lawyers and their clients, and if it applies, it’s easy to lose if you’re not careful. To maximize the potential for attorney-client privilege with us, you are encouraged to include an attorney consult and to refrain from sharing your communications with us with any other party, except attorneys who are representing you. Please note that the assertion of attorney-client privilege is your responsibility, not ours. For example, if we are subpoenaed by a court of competent jurisdiction, any assertion of attorney-client privilege in such a circumstance will need to be made by your local counsel or by us if you hire us to represent you in such matter. We will not assert our privilege in any matter, unless we are being paid to represent you and have entered into an Engagement Agreement to do so.

This is a Filing Service, not a Legal Service

Legal services are governed by each state’s Professional Rules of Conduct, which convey numerous duties and obligations on attorneys that you may not normally expect. For example, when performing legal services, it’s critical an attorney does not create a conflict of interest with the client, as well as inform the client of any conflicts of interest. In this instance (for our Move Corporation filing service), we do not view nor treat this service as a legal service and therefore do not perform conflicts checking.

Client understands and acknowledges that purchasing the services herein are subject to the following:

General Terms and Conditions

  • This service includes significant research, follow-up and our preparation, processing and handling (collectively valued at a minimum of $300) for the move of your Corporation, and the submission of the various applications (remainder of fees). Our services are completed once your entity is moved as ordered, although various aspects of our services complete as we finalize our activities. For example, filing a domestication request with your origination state would represent completion of that service, although we haven’t fully completed all steps for the move.
  • We cannot guarantee that your company name is available in the target state, nor that it can be filed exactly as you’ve requested. For example, even though you’ve had your company for many years in your origination state, another company with the same name could exist in your target state. In such circumstances, we will work with you to figure out options and solutions, but those options and solutions could entire additional costs that we will need to bill you for.
  • You will be billed $129/year after the first year, for Registered Agent services. If your Registered Agent services is terminated, it is your responsibility to change it with the state where your company is filed. If you do not, L4SB may resign and that will throw your company into “not good standing” status with the State. Or if you don’t change the Registered Agent yourself, we may still receive legal notices on behalf of your company — but we will not forward such a legal notice to you because you no longer have the service with us. This could expose you to default judgements.
  • Expedited times are approximates only. Law 4 Small Business will usually start processing your order in 4 to 8 business days, but we are dependent on the relevant state agencies and sometimes, the US Postal Service. Also, we often times need to go back and forth between states, which can greatly extend the timeline.

Refund and Cancellation Policy

  • We will REFUND YOU IN FULL, at your request, provided we have not performed any services on your behalf. There is NO REFUND for completed services.
  • Note that our services INCLUDE preparation, processing and handling (valued at $300), even if we end up not submitting your entity formation to the state (for whatever reason). Therefore, if we’ve spent time on your behalf in the preparation, processing or handling of your order, we reserve the right to deduct $300 from any refund you request. Preparation, processing and handling includes trying to contact you to verify and approve our work, even if you fail to respond to us.
  • We will cancel your order, at our discretion, if you are unresponsive or otherwise fail to answer our questions to our satisfaction. If we cancel for this reason, we will NOT issue you a refund unless you request it. If you do request it and we issue a refund, it will be less $300 for our services related to the preparation, processing and handling of your order, and less any other services we have provided (i.e. if you ordered a document, and we sent you that document, we will deduct the cost for that document from your refund). Typically, we will not cancel your order, unless we have been unable to move your order forward for eight (8) months or more.
  • We will first attempt to issue you a refund using the same payment method you used to pay for your order. If that fails (i.e. because we’re beyond the deadline to do this — typically six (6) months for credit cards), we will issue a check to the name used on the payment method (i.e. if Joe ordered from us, but used Jane’s credit card, we will issue the refund to Jane).

Important Disclaimers

  • Local authorities, other state entities (i.e. taxation department) and the federal government (i.e. the IRS) may require disclosure of ownership information, although you should check to verify such disclosure is confidential.
  • L4SB makes no representation as to whether you are “transacting business” in your home state, or any other state. If you decide you’re transacting business in state other than the state where your LLC is formed, talk to L4SB to learn about options to preserve your anonymity.
  • If we are subpoenaed by a court of competent jurisdiction, any assertion of attorney-client privilege in such a circumstance will need to be made by your local counsel or by us if you hire us to represent you in such matter. We will not assert our privilege in any matter, unless we are being paid to represent you and have entered into an Engagement Agreement to do so.

We receive this question a lot, despite our attempt to be price competitive with “the rest”. It seems every time we lower our price, the competition lowers theirs even further.

At the end of the day, we’re an actual law firm. Your questions are answered by licensed and trained professionals. We are able to extend attorney-client privilege and confidentiality to our clients. Our business/activities is/are governed by the professional rules of conduct for each state we’re licensed in, and we carry professional liability insurance. We have licensed professionals dealing with the registered agent’s office.

Regularly, we fend off private investigators, police investigators and more. Our people have the training to maximize the legal protections available to our clients.

So, we’re not the cheapest game in town. The “other guys” are trying to sell registrations, we’re trying to sell relationships. There are many things we won’t do that the “other guys” will do, because we’re worried about our clients’ long-term success and we’re concerned with minimizing our clients’ long-term liability.

We can provide a range of services for our clients, where moving your Corporation is just the first step. This includes contracts, switching ownership of real property, resolving disputes, trademarks, and much, much more. You can do things things with this firm, relying on our training, experience, professionalism and confidentiality.

If you’re considering a cheaper option, ask yourself the following questions first:

  • How critical is privacy, and do I want the maximum protection available?
  • Do I want the ability to obtain sound legal advice?
  • Do I care about whether things are setup properly?
  • Is liability protection important, and do I want to minimize the ability for someone to “pierce the corporate veil” of my LLC?
  • Do I care whether the folks I hire are trained professionals?
  • Do I care whether I can hold the company accountable for misguiding, or otherwise committing errors with my LLC?
  • Will I receive a high-quality Operating Agreement, to help maximize asset protection, and minimize potential liability and long-term disputes?
  • Do the “other guys” not disclose who they actually are, making it difficult to know whether their claims are actually true or they actually have the experience they claim to have?

If you answered “yes” to any of the above, you may want to think twice before hiring the “other guys”.

It depends on how you “move” your Corporation.

If you move your Corporation by merger or domestication (if available), then yes, you will preserve your FEIN.

If you move your Corporation by foreign filing or asset purchase, then no, you will need to obtain a new FEIN.