Belgarath Posted March 9, 2011 Posted March 9, 2011 Husband and wife with separate businesses who would ordinarily satisfy the "non-involvement" clause, but are considered a CG due to community property state, now move to a non-community property state. Presumably this takes them back out of CG status - just wondered if anyone had a different opinion? Thanks. P.S. - this brings another question to my mind unrelated to CG status. When you have a corporation in one state, if you move your business to another state, do you have to do new articles of incorporation or whatever in your new state, or do all states recognize corporations incorporated in another state, etc....?
K2retire Posted March 9, 2011 Posted March 9, 2011 Not sure about the CG piece of the question. A corporation that moves to a new state needs to register to do business as a foreign corporation in the new state. I'm not familiar with all the states, but in Missouri it's a pretty simple process. They also need to make sure that they still have a registered agent to receive legal process in the original state.
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