Over the life cycle of any business it is natural to stay in your home state; that is, until you look to expand operations. While expanding operations can often mean offering new services, for many companies it means moving into new states.
And with geographical expansion comes a variety of tax and business regulations you need to be aware of in order to remain in compliance.
Since each state law varies, it is best to consult your CPA and/or attorney before venturing into a new state. In the February 2015 edition of HVACR, Dan Thrailkill, Principal in the Tax Department of Ellin & Tucker, shares five critical things to consider when expanding operations.
To read this article, please visit Five Considerations for Expanding into New Markets on HVACR Business’ website.
As a Principal in the Tax Department, Dan specializes in providing various tax services to a wide variety of privately held businesses with operation in the construction, investment partnerships, manufacturing, professional service, real estate technology and wholesale distribution industries. His extensive expertise and inside knowledge of privately owned companies enable him to provide the highest level of practical and technical tax compliance and consultation.