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I have an LLC in Missouri. Can I move it to Florida or Delaware? If so, are there tax advantages? | | 
If your LLC is subject to pass-through taxation, then domiciling (or re-domiciling, in your case) will be of no benefit to you. With pass-through taxation, your company profits are allocated to the partners then paid as personal income to the state or states in which you and your partners live. As for Delaware, there are some tax benefits to domiciling your company in that state, however the annual fees there are a bit high now for LLCs ($200) and their laws in my opinion are structured more for public companies or those that wish to go public sometime in the future. Nevada's laws are more geared toward the small business owner or those who appreciate privacy and it is, for the most part, a tax-free state. Wyoming is a close runner-up. Florida is also a good choice since there are no franchise fees in the State of Florida. A lot of factors come into play when you are choosing to utilize a tax-haven in your corporate structure.
I recommend reading Chapter 5 of the book (Limited Liability Corporations for Dummies) for a more in-depth approach to this. Also, it should be said that if you are looking to move an existing business to a tax haven then you might want to consider forming a new entity rather than redomiciling. It's the best way to keep everything clearly delineated and, assuming your LLC has pass-through taxation, transferring your business assets from one entity to another is not a taxable event. The exception to this would be if you wanted to preserve your original incorporation date, keep credit lines, bank accounts, etc., which would all be understandable reasons. -Jen | | |
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