Business Relocation - What to do?
newbizdc
subscriber Posts: 1
Not entirely business startup, but it`s close. I have an Michigan S-
Corporation, and I`m under contract for a public institution there.
However, I`ve recently relocated to DC. I`m not sure what to do with my
corporation.
1. Leave the MI corp in place, but I`ve got to pay witholding in both MI
and DC as well as corporate taxes.
2. Somehow close the MI corp and create a DC LLC. Then I could just pay
estiamted taxes in DC; although, technically I would be liable for MI
witholding.
ANy other ideas? Pros and Cons?
Thanks in advance.
Corporation, and I`m under contract for a public institution there.
However, I`ve recently relocated to DC. I`m not sure what to do with my
corporation.
1. Leave the MI corp in place, but I`ve got to pay witholding in both MI
and DC as well as corporate taxes.
2. Somehow close the MI corp and create a DC LLC. Then I could just pay
estiamted taxes in DC; although, technically I would be liable for MI
witholding.
ANy other ideas? Pros and Cons?
Thanks in advance.
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