LLC's in Florida? Any Issues? - GoFuckYourself.com

slapass · 06-09-2005, 07:11 AM

MN wants to tax llc's before they get to the personal returns. so looking to move my llc's to FL as long term i would follow and my partners are there now. I know i will have to pay 1% of our capitol goods but we three desktops so its about $15/year. Any other downside

d00t · 06-09-2005, 08:26 AM

go see an accountant, and a lawyer

CS-Jay · 06-09-2005, 08:50 AM

Want my accountant's number?

tony286 · 06-09-2005, 09:00 AM

Quote:

Originally Posted by d00t

go see an accountant, and a lawyer

thats the best bet

Kingfish · 06-09-2005, 09:24 AM

Generally speaking that doesn?t work. All states require you to register out of state business entities if you actually do business in their state. So you will be required to reregister your Florida LLC in MN, and then pay all the same taxes you would if you had just kept it in MN. The only real solution is to physically move to FL, set up your FL LLC and then you would only have to pay FL taxes.

sperbonzo · 06-09-2005, 09:56 AM

Quote:

Originally Posted by Kingfish

Generally speaking that doesn?t work. All states require you to register out of state business entities if you actually do business in their state. So you will be required to reregister your Florida LLC in MN, and then pay all the same taxes you would if you had just kept it in MN. The only real solution is to physically move to FL, set up your FL LLC and then you would only have to pay FL taxes.

exactly...

06-09-2005, 07:11 AM	#1
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	LLC's in Florida? Any Issues? MN wants to tax llc's before they get to the personal returns. so looking to move my llc's to FL as long term i would follow and my partners are there now. I know i will have to pay 1% of our capitol goods but we three desktops so its about $15/year. Any other downside

06-09-2005, 08:50 AM	#3
CS-Jay Confirmed User Join Date: Oct 2003 Location: Command Central, West Palm Beach, Fl Posts: 1,794	Want my accountant's number? __________________ I do stuff - aIm CS_Jay_D

06-09-2005, 09:24 AM	#5
Kingfish Confirmed User Join Date: Sep 2002 Posts: 668	Generally speaking that doesn?t work. All states require you to register out of state business entities if you actually do business in their state. So you will be required to reregister your Florida LLC in MN, and then pay all the same taxes you would if you had just kept it in MN. The only real solution is to physically move to FL, set up your FL LLC and then you would only have to pay FL taxes. Last edited by Kingfish; 06-09-2005 at 09:26 AM..

06-09-2005, 08:26 AM	#2
d00t Confirmed User Industry Role: Join Date: Sep 2002 Location: In your mind Posts: 3,766	go see an accountant, and a lawyer