If you are really serious about your online business, you probably want to consider incorporating. With companies providing legal services online, you can do so quick and easy. I use LegalZoom (aff.) to help me with filing paperwork like Trademarks, Copyrights, and Incorporation. I actually just filed to incorporate another business today, which is why I’m busy writing this post.

Since I recently moved from Los Angeles to Denver, I also need to move my companies so I’m not stuck paying tax in 2 states. The entire process is somewhat unclear (I’ve contacted several laywers and accountants, and none so far have been clear on relocating a corporation), but from what I understand, here are the steps I need to follow:

  1. File to create a new corporation in the state you relocate to using the same company name. You don’t need to file for a new TIN (Tax ID Number) from what I was told by the IRS; this will be transfered later (I have no idea how). This helps in that you don’t need to close all you bank accounts and start from scratch completely.

  2. Wait for the paperwork to be filed and then bring the papers for both your previous and new corporations to your new State. Be sure you have your Articles of Incorporation. Let them know that you want to keep your company name and TIN, but just want to change your location to your current address.

That is about all I was able to figure out. When I learn more or get to the next step (approaching the State of Colorado), I’ll pass on the info.

Going through the actual incorporation process on Legal Zoom is really easy. . . it actually took me around 10-15 minutes to do. Here are a few key pieces of information you’ll need; if you are prepared ahead of time, you’ll get through it much faster:

  • Type of corporation
  • State of incorporation
  • Name of new company
  • Business address of corporation
  • Who will serve as your registered agent; this is the person who will receive any official mail for the corp. (they can do it, but if you have a lawyer or accountant, I recommend using them - it’ll save you some cash)
  • How many shares of stock can the corp issue?
  • What is the par value of those shares?
  • When will the company’s fiscal year end?
  • Who are the directors and officers of the corporation?
  • How much stock will these people hold and how will they acquire it?
  • Who will be the principal contact for the IRS to reach?
  • What type of business will the corporation be conducting?
  • Will you be selling anything? If so, you’ll need a sellers permit.

That should cover it. I’d be happy to do my best to help anyone out with this process if then need it. As I’m not a lawyer, I can’t give any legal advice, but I can help from the end that I’ve done this several times.

If anyone knows any more information about moving your corporation from one state to another, please drop me a message. I could really use the help!

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