moving a future business to another state
by Heally9, Window Shopper
- Created: February 26, 2010, 2:48 pm
I am in the planning stages of my business. I plan to start actually doing business for profit within the next 2-5 years. I will be the sole business owner, but there will be two parts to my business-- one part will be a berry farm and the other part, which I will develop when the berry farm has been up and running for a few years, will be a wellness center on the farm premises. I want to register my desired business name(s) now, and on a national level, because I want to reserve those names. Also, I know I will be moving to a different state next year (though I don't know which one), and I want to make sure I will be able to keep my same business names no matter which state I move to. I have a few questions and would very much appreciate your replies:
1) Though I will not be having a location for my business for a few years still, I want to create interest in my future business, so I may hold some activities in my community to draw interest and practice my skills. I would do this right now. I was thinking to avoid problems with liability, I should register as an LLC. Any comments on this?
2) How should I go about figuring out if I should form 1 LLC for both parts of the business or if I should form 2 seperate LLC's, one for the farm and one for the wellness center? I want taxes and other paperwork to be as simple as possible, but I want two seperate names, and I will be promoting two different types of products to two distinct markets.
3) From what I have read, it sounds like I should register my business(es) as Trade Names to reserve those names on a national level. Does this mean I should register my 1 or 2 businesses with my state AND file for these Trade Names on a National Level? Or can I just go straight to the national level somehow?
4) What happens if I only register my business on a state level, not on a national level, and I move to a new state and someone else in that state has now started a business with my same name? Does that mean I am out of luck, or is there some way to keep the former state's registration and continue operating business under my original business name, even though I now conduct business in a new state?
Thank you in advance for your responses,
- Community Home
- Discussion Boards
- Tell Us...
- Discuss Popular Topics
- Developer Resources
- Social Media