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When you have worked to build a great business, growth is the hard evidence of your efforts. However, along with growth comes certain changes that may apply to your specific business entity. MyLLC.com is committed to assisting businesses who strive to reach their full potential stay compliant by filing the necessary documents as your company grows. One of the more common elements of growth is expanding or changing various aspects of your corporations. Typically that requires filing a Share Amendment document.
Corporations and LLCs that decide to change either the value or number of shares of its stock are required, by law, to update that information in their Articles of Incorporation or Certificate of Authority. You do this by filing what is called a "Share Amendment" and this must be filed in the state of incorporation.
Keep in mind that when you change either your number of authorized shares or stock value it could change the amount of your state franchise tax. And, further, some states even require you to file a Share Amendment if you just want to change your corporation's name (even if you are not making changes to the price or number of shares).
It is critical that you contact your personal tax adviser or legal counsel prior to making any decisions regarding your business. Once you have, be sure to contact one of our highly trained professionals at MyLLC.com to further assist you in filing the proper documentation for your business entity.Page updated on 2015-09-29
What is your first step? Simply choose which of the following two options applies to your business:ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!
MyLLC is committed to assisting you in this process but you must contact us today!Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.