Found an issue on this page? Let us know and we will look into it as soon as possible.
What is the best way out of this situation?
Anonymous2 views2 answers
have an llc registered in MN. moved to colorado and did business here in 2015 without registering in CO or converting the business to CO. Shouda, wouda, couda and now i need to figure out what i should do and how to file taxes etc. the business is wholesale and not retail,of cell phone parts.
Well, if you want to retain MN as the state of organization, you will need to file to qualify the LLC to do business in Colorado. That is the easiest way to take care of issues on doing business in Colorado. This, however, means you must pay for an agent in MN.
The better way to proceed is to open an LLC in Colorado and then merge the MN LLC to this one. You should retain a business attorney to walk you through the process for Colorado.
Andrew John ContigugliaCriminal Defense AttorneyDenver, CO ·
Robert gave some good advice. You really only have two choices. In order to correct the problem with you doing business in Colorado the past few years without registration of the LLC here is pat to filing fees, taxes and the like. You might want to consider doing a culmination of the two ideas and register the foreign entity in CO then open a new company merging both the Foreign CO company and the MN company into the new one. If you were an unregistered LLC dong business in CO you will have no ability to sue or defend a lawsuit for events that occurred in CO until you get into compliance.
I guess the lesson here is: you have a few different options. Meet with a lawyer you like and move this business forward.
Good luck!
