Hi Gang,
I am new to the forum. I currently own a small insurance agency that is registered as an S Corp in NC. I am looking to move to Indianapolis and start and entirely new business. I am wondering if I can keep my current S Corp and EIN and just file an amendment to operate in a different industry and state?
My reasoning for wanting to keep my current S Corp filing is that I would like to keep my business bank account and simply use the funds that I have gained as an insurance agent to help fund my new business venture with out taking the money personally and becoming subject to the withholding and income tax on the money.
What are your thoughts on this??
Bookmarks