Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax
This answer was rated:

So I am moving an LLC (personally owned, one owner) from Maryland

to Massachusetts. I have had...
So I am moving an LLC (personally owned, one owner) from Maryland to Massachusetts. I have had the business open online and have had less than $500 in sales for the life of the business. The business was opened in Oct, 2012.

I have applied for a new LLC in Massachusetts and recieved a sales and use tax license, but am not sure how to merge the two LLCs so I can keep my federal EIN for the business.

Is there any special paperwork I need to file in Massachusetts, or do I simply dissolve the LLC in Maryland?
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 minute by:
6/3/2013
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

How are you today?

MyVirtualCPA :

You wouldn't need to set up a new LLC in order to move the LLC from Maryland to Massachusetts.

MyVirtualCPA :

You would take your existing LLC and simply register it as a foreign LLC doing business in MA

MyVirtualCPA :

Then, you would be able to use the same EIN number and everything.

Customer:

Good morning! Sorry I had been on another page and didn't realize you had answered so quickly!

MyVirtualCPA :

No, that's fine. I am patient.

Customer:

Well, wouldn't I need to file taxes in Maryland if I did that?

Customer:

Thanks ha ha!

Customer:

I am very new to all this. I've done accounting, but never started my own business.

Customer:

Legal is not my strong suit

MyVirtualCPA :

That's okay I'm here to help.

Customer:

So I guess my question for the foreign LLC is this, would taxes need to be filed in Maryland and Mass?

Customer:

or would that all shift to Mass?

MyVirtualCPA :

Yes, you would still owe tax to Maryland = see this article http://www.nolo.com/legal-encyclopedia/maryland-state-business-income-tax.html

MyVirtualCPA :

Unfortunately, if you set up a new LLC, then you would have to apply for a new EIN

Customer:

I was researching opening an LLC in Mass and then merging the two. That way I could avoid paying tax in Maryland and still keep my EIN. The issue, is that I cannot find the forms to submit in Mass

Customer:

The old LLC would simply disolve

Customer:

Would that work legaly in Mass? Not sure if maybe it isn't an option in this State. Cannot find the forms.

MyVirtualCPA :

You would file articles of consolidation/merger with the state. Comes with a $250 filing fee. It would be cheaper to just dissolve your entity and get a new EIN

MyVirtualCPA :

http://www.sec.state.ma.us/cor/corfees.htm

Customer:

If I have already filed, but filed the wrong thing with Mass, is it possible to change it at this point? No LLC has been approved.

MyVirtualCPA :

What did you already file?

Customer:

I already filed for an LLC in Mass ($500 fee)

Customer:

Thank you for all your help by the way. I had been trying to wade through government sites.

MyVirtualCPA :

That's fine

MyVirtualCPA :

You have the Maryland LLC set up. I don't see the need to merge the two

MyVirtualCPA :

I would just apply for a new EIN it's free

MyVirtualCPA :

You would have to pay an additional $250

Customer:

Yes, I think you are right. Much easier and cheaper that way

Customer:

Okay great! Well then my answer is very well answered. Thank you so much!

MyVirtualCPA :

If you are a single member LLC you will file your tax the same way, you would just have one schedule C for the Maryland llc and a second for the MA LLC this year

MyVirtualCPA :

You're welcome

MyVirtualCPA :

If you would, please rate my response "excellent" so that I may receive credit for assisting you today

MyVirtualCPA :

Thanks again for your question today. And let me know if you need anything else - come back and visit MyVirtualCPA

Customer:

I will. thank you again

Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified
Megan C and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Megan C Your Own Question
Megan C
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
16,581 Satisfied Customers
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Megan C is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

16,581 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
A foreign individual is a member of a US LLC. Are there any
A foreign individual is a member of a US LLC. Are there any extra requirements for filing when it comes to the partnership return?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
Can my LLC with US and Foreign members be a shareholder in
Can my LLC with US and Foreign members be a shareholder in an S Corporation? The K-1 would go to the LLC.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
If the LLC owes more than 25% of a foreign corporation, then
Hi,If the LLC owes more than 25% of a foreign corporation, then does the LLC have to report the monetary transactions between both entities (since the foreign corporation is a foreign related party)? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
2 Member LLC now 1 Member LLC. What forms to file to IRS? I
2 Member LLC now 1 Member LLC. What forms to file to IRS?I have an LLC that was Me and Member B. Member B has now left the LLC and sold his ownership to me for no consideration. I am now the sole owne… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
I'm opening LLC account. Filing certificate of organization.
It is asking The company is a restricted professional company organized to render the following restricted professional service(s): what do I need to pick here ?… read more
abci168
abci168
Principal
27 satisfied customers
Small schedule c business donates fully depreciated
small schedule c business donates fully depreciated furniture to charity. They've been told that the FMV is $1,000. What is the deduction for contributed property? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
RE: FOREIGN TAX CREDIT We're filing a married joint filing
RE: FOREIGN TAX CREDIT We're filing a married joint filing tax return and have come up against some problems on form 1116. 1) Do we add both our names on the form? 2) On line 3a, it asks for certain i… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
I am receiving some income from a foreign government "social
I am receiving some income from a foreign government "social security-type" benefit program. Where should I report this income in my Tax Return? Should I report it as "Other Foreign Financial Assets"?… read more
abci168
abci168
Principal
27 satisfied customers
Does a foreign government type "social security" benefit
Does a foreign government type "social security" benefit plan need to be reported on an FBAR as a Foreign Financial Account?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
Client (US resident) with foreign salary and taxes paid in
Client (US resident) with foreign salary and taxes paid in foreign currency - Part II of 1116 form for some reason adds taxes paid only in US $ (line "o" through "r") - it does not take taxes paid in … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What would the federal and state tax rate percentages be for
What would the federal and state tax rate percentages be for a $7700 IRA early withdrawal in Ohio?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
D Form 8804 and 8805 need to be filed for a foreign
D Form 8804 and 8805 need to be filed for a foreign partnership if the partnership posted a loss for the year?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
I am aware that a foreigner can form an LLC in the states.
Hi,I am aware that a foreigner can form an LLC in the states. My question is; if he/she is living in Japan and wants to live in California by starting a business, is forming an LLC here in the US solv… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Will try to apply for a sales and use tax certificate for a
Will try to apply for a sales and use tax certificate for a new dot.com business S corp or LLC not sure yet? Question is how do I avoid being denied the sales and use tax certificate due to the reason… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
A taxpayer, Form 1040 Schedule C, is on the cash basis. The
A taxpayer, Form 1040 Schedule C, is on the cash basis. The average revenue for the last 5 years is $5,100,000. There is no inventory. The NAICS is 423600Can he remain on the cash basis?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I need to file my sales and use tax for the second time for
HI, I need to file my sales and use tax for the second time for my online retail business; however, this time I have some invoices and numbers to add to it. All my purchases from my suppliers were tax… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,444 satisfied customers
I need help filling in a US Tax form (student in US) with a
i need help filling in a US Tax form (student in US) with a 1042-S (witheld tax reclaim). Can you help? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
L already filed my state and Federal taxes using credit
l already filed my state and Federal taxes using credit karma, since then I received a schedule k-1 beneficiary's share of income and credit karma does not support this form and I need to file an amen… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
154 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x