Tweet
The accounting firm that we use currently is saying we need to reincorporate to a state which one of the owners resides now that neither owner is living in the state of the in which the company was first incorporated. I would just soon not because of tax implications.If there is no legal reasons why we need to do this then I would like to remain in the original state of incorporation.
Background on Company:
Business was incorporated(S Corp) with office space about 13yrs ago in New Hampshire. Both owners living in NH.at the time.
Three years later one owner moves to Vermont and we close the office as we moved everyone to all virtual. All employees other than myself(one of the owners) were now in other states.
After going virtual I moved to Maine 5yrs later leaving no employees(both owners are employees), but maintained a business address(PO Box) and our incorporation in NH.
For three years now, we have been filing as a NH corporation though no one from the company lives in NH. The accounting firm wants us to use Maine as the new incorporation.
I did a little research on the web the other day and it's my impression we can remain a NH incorporation as long as we have a registered agent in the state of incorporation. This was a general guideline and might not pertain to all states.
Do we need to reincorporate if we have a registered agent in NH?
Background on Company:
Business was incorporated(S Corp) with office space about 13yrs ago in New Hampshire. Both owners living in NH.at the time.
Three years later one owner moves to Vermont and we close the office as we moved everyone to all virtual. All employees other than myself(one of the owners) were now in other states.
After going virtual I moved to Maine 5yrs later leaving no employees(both owners are employees), but maintained a business address(PO Box) and our incorporation in NH.
For three years now, we have been filing as a NH corporation though no one from the company lives in NH. The accounting firm wants us to use Maine as the new incorporation.
I did a little research on the web the other day and it's my impression we can remain a NH incorporation as long as we have a registered agent in the state of incorporation. This was a general guideline and might not pertain to all states.
Do we need to reincorporate if we have a registered agent in NH?
Comment