Moving your business can be a necessity. No matter the reason or distance of your office move, there are also some things that you need to have at the top of your to-do list as you navigate this transition. One such thing is updating your business documents. If this is something you’ve yet to think about, let’s take a look at the importance of updating business documents when you move.
It Ensures That Everyone’s Able to Reach You
The most obvious need for updating business documents after a move is to make sure that others can reach you. An address change, regardless of whether you’re only moving to another location within your current state or somewhere out of state, can throw things off track if you’re still receiving mail, services, and goods at your old location. Updating business documents notifies the proper entities that you’ve moved elsewhere so that you’re able to continue working with various organizations and suppliers once you’ve settled in.
It Keeps You in Compliance
If you’re moving somewhere else in the state that you’re already doing business in, your biggest concern is zoning laws. You want to guarantee that you can run your business where you move rather than assuming that a move won’t impact business practices too much. That being said, if you’re moving out of state, updating your business documents can make a world of difference when it comes to whether or not you’re running your business legally.
If you’re still registered in your current state, then the state you’ve moved to has no record of you operating a legitimate business in your new location, which can present a host of problems for you later. Taking care to update all of your business documentation after you move guarantees that you’re operating legally once you’ve moved into the new location. This may include business registration forms, business permits, and so on. Set aside some time to draft a list of all the forms you need to take care of or reach out for legal support so that someone can do it on your behalf to streamline the process.
It Prevents You From Being Taxed More
If you fail to update business documents and don’t close out your business in another state, you may be paying taxes to operate your business in two separate states. This can be a major shock to you come tax time or later down the line if you find out that your business owes taxes you never knew you needed to pay. Unless there’s a specific reason to keep your business open and registered in a state you don’t do business in, make sure to update your business documents, close your business, and then formally open your business in the new location. If you’ve already moved, reach out to a tax professional to see what tax issues you may be dealing with and how you can sort them out as soon as possible.
Make Your Move Easier With Hughes Custom Logistics
You have enough to worry about during a move like updating business documents, so why not have an experienced company handle other aspects of your move like making sure your office furniture and tech get to your next location safely? Hughes Custom Logistics is your go-to support for moving office equipment in Philadelphia and transport logistics in Philadelphia. Reach out to us today to learn more!