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  • 1.  Recapitalizing in another state with the same name - how is it done

    Platinum Most Valuable Member
    Posted 03-18-2014 05:54 PM
    I have a client with a NY Corp.  they used to have fixed assets and currently have none. they do $2,000,000 annually of drop shipped business. none in NY.  They moved to Colorado.   He set up a corp in CO with the exact same name. what are the steps for merging the NY operation into the Co entity which is right now dormant.
    there is a large pension and 401K plan in place...

    any help or advice appreciated.


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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Woodbury NY
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  • 2.  RE:Recapitalizing in another state with the same name - how is it done

    Platinum Most Valuable Member
    Posted 03-19-2014 11:27 PM
    Abby: Not complicated at all. You can register the corporation as a foreign corporation in Colorado. If they are not doing business in New York anymore, and you want to cut the ties, you can do a type F reorganization and simultaneously re-incorporate in Colorado. I would do a reorganization without an attorney though. Rob

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    Robert Brown
    ROBERT N. BROWN, CPA
    Jericho NY

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