If you’ve always dreamed of moving to Hawaii and want to bring your LLC with you, Northwest can help you make that dream a reality! Here’s what you need to know about moving your LLC to Hawaii.
Can I transfer my LLC to Hawaii?
Yes. If you want to move your LLC to Hawaii, you have a few options:
- Dissolution/formation. If you don’t mind starting from scratch, you can Dissolve Your Business in its state of formation and form an LLC in Hawaii. You will need to create all new formation documents for your LLC.
- Foreign registration. You can keep your business registered in its current state or jurisdiction and Register as a Foreign LLC in Hawaii. With this option, you’ll be able to do business in both places. However, you will also need to file reports and pay fees and taxes for both states.
- Merge with an existing Hawaii LLC. This option is more complicated but may be the most cost-effective for some businesses. If you do not want to foreign register or dissolve your LLC, you may consider creating a new Hawaii LLC and merging it with your current LLC. Your original LLC would effectively cease to exist, and all assets, resources, and debts would be transferred to the merged Hawaii LLC.
Learn more about How to Move a Business to Another State.
Does Hawaii allow LLC domestication?
No. Domestication—the legal process of converting a foreign business entity into a domestic entity—is not currently supported by Hawaii state laws.
How do I merge my LLC with an LLC in Hawaii?
To merge your LLC with a Hawaii LLC, you will need to file Articles of Merger with the Hawaii Department of Commerce and Consumer Affairs and pay a $100 filing fee. First, you’ll need to draft a plan of merger and have it approved by all LLC members. Depending on the state of formation of your original LLC, you may also need to file documents with this state. Merging businesses is legally complex, so we recommend consulting a business attorney before you take this step.
Do I need a new EIN if my LLC changes states?
Maybe. If you dissolve your business and form a brand new LLC, you will need to apply for a new EIN. However, if you simply foreign register your LLC in a new state, you won’t need a new EIN.