The process of domesticating an LLC can be complex and time-consuming. The goal for many of our clients is to retain their same EIN number and to have as little disruption as possible to their company. It also changes the domicile of your company to the State of Florida. In this process, a business retains its identity for federal tax purposes but changes it for state tax purposes. It is done by undertaking a corporate transaction called “Statutory Conversion.” Many business owners in California are considering moving their businesses to Florida to take advantage of the State’s friendly business policies, zero state income taxes, and more.
Should I Work with a Lawyer to Convert My California LLC to a Florida LLC?.Can I Dissolve My Entity in the State of California?.How Long Does It Take To Complete a Domestication or Conversion to the State of Florida?.How Do I Convert My California LLC to a Florida LLC?.What are the Benefits and Effects of Converting My LLC?.Does California Allow LLCs to Move Out of State?.Enjoy tax benefits provided to Florida residents.Maintain the same EIN and identity of the LLC.Domicile a California Limited Liability Company (LLC) to Florida.Relocating, Domiciling, Transferring, or Converting California LLC Florida
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