If you want to move a New Hampshire LLC to Florida but are not sure whether it is a good idea or how to properly do it, you came to the right place. Many business owners and entrepreneurs choose Florida as their new home for their businesses, and for good reasons. In addition to having no state income taxes, Florida has many other policies that favor businesses and a lot to offer to LLCs and corporations that want to relocate their operations. Whether it is a good idea to move your business to Florida, of course, depends on your business type and your goals. However, in Florida, the odds are in your favor.
Moving an LLC to Florida – The Process
You can move your LLC to Florida by using a process called a statutory conversion, which can essentially turn your New Hampshire LLC into a Florida LLC.
A statutory conversion is a legal process that some states offer for changing the state of an entity. We recommend this method when a client wants us to move their New Hampshire LLC to Florida because it has proven to be the best. Through a statutory conversion, you keep your LLC’s continuity and identity, which helps you preserve important relationships, contracts, and licenses. The New Hampshire LLC’s rights, assets, privileges, and liabilities will also move to your new Florida entity.
Once you execute the conversion, the Florida Revised Limited Liability Company Act will govern the LLC instead of the Revised New Hampshire Limited Liability Company Act. However, if the LLC still has a foreign qualification or economic nexus in New Hampshire after moving from to Florida, it will have to follow both states’ laws, so this is a topic we will need to go over during your initial consultation with a Jurado & Associates, P.A. attorney.
During the conversion process, you need to be careful and avoid any mistakes, as they could make you lose your liability protection, scare away potential investors, and even lead to the liquidation of your company. Fortunately, this is something you will not need to worry about if you choose to work with Jurado & Associates. We will take care of the legal complexities of the conversion process so you can focus on running your business.
Moreover, working with us to transform your New Hampshire LLC into a Florida LLC has many other benefits. One of them is that we can help you restructure your company as a Florida entity in a short time – around two or three months. You can trust our expertise in this kind of project and be assured that your relocation will be secure, fast, and efficient. In fact, we can work so efficiently that most of the time will be spent waiting for the state agencies to process the conversion documents. These agencies may have their own delays, staff shortages, and other issues, so your company’s relocation may take longer if you have to file anything more than once, which is why getting it right the first time matters so much to us.
How Jurado & Associates Executes Statutory Conversions
Although there are key steps that are common to all conversions, the process may differ depending on the business’ origin and nature. Generally, when moving a New Hampshire LLC to Florida, we begin by reviewing the company the client intends to convert from a New Hampshire LLC to a Florida LLC so that we can create a plan for achieving this as smoothly and efficiently as possible. This in-depth review is critical, as it enables us to prevent any potential issues and ensures that we have all of the information we need to fulfill our client’s objectives throughout the conversion project.
Our comprehensive support throughout the conversion process includes drafting the Plan of Conversion and other necessary documents, ensuring compliance with all applicable laws and regulations in both states, filing the necessary paperwork with the relevant state agencies in New Hampshire and Florida, updating the company’s operating agreement as well as other corporate documents to reflect the conversion to a Florida LLC, and providing an exit consultation to address any final concerns or questions.
Do You Need to Move a New Hampshire LLC to Florida? We Can Help You
Business owners frequently underestimate the potential dangers of relocating their entities to a new state. Placing us in charge of converting your LLC into a Florida entity can be not only one of the best business decisions you ever make but also one of the safest.
Are you ready to take your LLC to its new home in the Sunshine State? Get in touch with us today. You can email us at [email protected] or you can call us or WhatsApp us at +1 (305) 921-0976.
