LLC in Ohio or Texas?
I presently reside in Cleveland, OH and I could use an LLC for my new venture. Problem is that in 2 to 4 months I’ll relocate to Texas, which is, apparently, the biz-friendliest state in US. I probably cannot get an LLC in Texas as an OH resident since my address is in Cleveland and I have an Ohio Driver License. If I get an LLC in Ohio and then relocate to TX do I have to close the one in OH and start from scratch (as for the papers) in TX? Or I can just keep the Ohio LLC but pay the taxes as a Texas resident?
Dear Dan,
Even though you currently live in Ohio you can in fact form a Texas LLC and use your Ohio address temporarily as the business address. You do need to maintain a Registered Agent in Texas for this company, however this service is commercially available (we offer it for just $99 a year).
When you move to Texas and establish a permanent business address you would need to amend the Articles of Organization to reflect the new address, so you should budget for that as well if you choose this solution.