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Updated about 10 years ago on . Most recent reply

User Stats

3
Posts
5
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Keenan Kelley
  • Carrollton, TX
5
Votes |
3
Posts

Start from scratch or make necessary changes?

Keenan Kelley
  • Carrollton, TX
Posted

Hey Guys new member just joined yesterday and want to hit the ground running...

Back story I created a corporation back in 2012 in Georgia and never did anything with it, still active but noncompliant at the moment.

Question: Should I move that entity to TX (where I currently reside) and change to LLC or should I start a new entity from scratch? How complicated and expensive is it to move versus creating a new entity and dissolving the old? Also I notice someone created a company with the same name (added "The" on the beginning) this year, I'm assuming that could cause some problems in the future, should I handle that as well. They are located in CA.

Any advice/help is appreciated. The company is also filed as an S corp with the IRS and I would have to change that as well to LLC.

Also open to recommendations on RE lawyers and CPAs to get this situated and start moving forward.

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