ForumsHome

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 2 "helpful" answers available (4 pts)

2 Replies Last post: Jul 7, 2009 11:40 AM by Lighthouse24

sales tax after moving to another state

Jun 17, 2009 3:19 PM

luna777 1 posts since
Jun 17, 2009

Hi there,

I'm confused about sales tax. I had a retail store in NY and just moved to SF, CA. I will be doing online store only here.

How do I deal with sales tax now?
Now that I am in CA, do I need to close NY sales tax account and open one here?
Or keep it as it is and tax to NY residents?

What about LLC? I set up in NY. Do I need to move it to SF?

Thanks for all the advice.

Tags: Report as inappropriate

david_aa 41 posts since
Jul 1, 2009

1. Re: sales tax after moving to another state Jul 7, 2009 7:58 AM

Sales tax will change as well as property tax and should be considered as you plan your move.

Report as inappropriate

Lighthouse24 2,396 posts since
Oct 10, 2007

2. Re: sales tax after moving to another state Jul 7, 2009 11:40 AM

Your NY LLC is considered a foreign business entity in any other state, so before it can legally conduct business in California, you must register it with the CA Secretary of State. The alternative to that would be to dissolve your NY LLC and form a new business in CA.

In either case, you'll be required to obtain a California seller's permit, and to collect CA sales tax on items sold/shipped within CA. If you choose the first option above (maintaining the NY-based LLC operating as a foreign entity in CA), then you'll also be required to collect NY sales tax on any items sold/shipped to NY.

Hope that helps. Good luck on your move.

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsHome

This Question is Possibly Answered

sales tax after moving to another state

Jun 17, 2009 3:19 PM

More Like This

Most Recent Forum Posts

Legend