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Closely Held Businesses

Multi-State Filing

By September 23, 2015No Comments

Businesses that operate in more than one state are typically required to file in the states where business is being conducted. However, it is not always clear whether an entity is doing business in a particular state. Several activities may result in connections that business owners are completely unaware of, which in turn could cause required filings to be overlooked. The most noticeable connection to a state is an entity’s physical presence, but several states are increasing their reach beyond this by citing other forms of nexus. The article below provides additional detail regarding different forms of nexus and courses of action for business owners to consider:

http://www.journalofaccountancy.com/issues/2010/nov/20102904.html

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