New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I am currently president / only director of a one person S-Corp in Vermont.
My partner will be moving to Africa later in the year, and I will be moving there in January 2013.
I’m not sure if I should un-incorporate in Vermont and then re-incorporate somewhere else? I have family in MN, CA and AK. What are the rules for working abroad?
I don’t really even know where to begin. Any help or advice would be greatly appreciated.
Thanks!
Dear Justin,
Since your S-Corp is a separate business entity you will be able to keep it just as is, and run it from abroad. You do need to maintain a Registered Agent in Vermont, but you can hire a commercial Registered Agent and amend the Articles of Incorporation to reflect the change of registered agent for your company (that is assuming you currently serve as the Registered Agent for the company).
Since this service costs only $99 a year this is probably the best and cheapest way to have your company set up when you move out of the country.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
