Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

3
Posts
5
Votes
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.

Loading replies...