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Updated about 4 years ago on . Most recent reply
Should i create a new LLC,or pay the reinstatement fee on SUNBIZ?
Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only rental home and figured i wouldn't do more investing.
Guys, i sold a rental property this year, and i want to invest in commercial and residential properties. The '"name" of the LLC, i had my rental property under was administratively dissolved . I let it dissolve in 2017 because i didn't think there was a future for the company at the time .Also the name of the LLC is not suitable for my new future strategy. I want the name of my future LLC to include investments. So should i
A) pay the reinstatment fee, past due annual fees and make an amendment to the name of the llc under the current FEID on Sunbiz
or
should i just form a new LLC and obtain a new federal employment identification number . It will be cheaper on Sunbiz , but does the IRS allow me to change the name of a company and still use the same FEID number.
I also have to consider than i help the property for less than 3 years and i closed on it last week. I made 80k profit so if i were to create a new LLC can i still do a 1031 like kind exchange ?
Most Popular Reply

Definitely too late for 1031. Personally I'd reopen LLC and keep same name if possible. You already file taxes on that and you never know there will be a time where a business loan might make sense