LaMacchia Berkshire Development, LLC



Corp Velocity, LLC
Relocation Services
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Relocation Planning

THINK
REASON
CALCULATE
CONCLUDE
ACT
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What Is Redomestication Exactly?
​The redomestication process, which I’ll also refer to as “domestication,” results in the business moving to another state. The concept of domestication is more complicated than closing an office in one state and opening a new one in another. After a company completes domestication, it ceases to exist in the state where it was initially formed. The business then must follow the laws, regulations and compliance requirements of its new home state.
Redomestication is not the same as foreign qualification. Foreign qualification involves registering a business in another state (or states beyond the state in which it is already registered. With foreign qualification, the company retains its residence in its original state.
Why would a business want to change its domicile (home state)?
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Several reasons entrepreneurs might find redomestication attractive include:
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An opportunity to reduce their tax burden
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Business income tax rates and fees vary by state. Corporate tax rates can vary widely. For example, New Jersey currently imposes as much as 11.5% tax on a corporation’s income, while North Carolina’s rate is just 2.5%. And then there are South Dakota and Wyoming with no corporate income or gross receipts tax. Nevada has become a popular state to incorporate in because of its lack of state corporate income tax, franchise tax and personal income tax.
Also, business owners who do not want the hassles of collecting, reporting and remitting sales tax may seek to register their companies in a state that does not levy a state sales tax. The five states that do not collect sales tax include Alaska, Delaware, Montana, New Hampshire and Oregon.
According to the Tax Foundation’s 2021 State Business Tax Climate Index, the 10 states with the best tax structures for businesses are:
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Wyoming
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South Dakota
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Alaska
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Florida
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Montana
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New Hampshire
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Nevada
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Utah
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Indiana
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North Carolina
A New Commercial Building Move
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We Help Businesses Relocate with Confidence
1. **Verification**: It ensures that every item is accounted for during both the packing and unpacking processes.
2. **Condition Tracking**: It allows us to document the condition of assets, alleviating concerns about potential damage during the moving process.
3. **Assurance**: It gives you the confidence that nothing has been overlooked or misplaced during the move.
By combining our barcoding system, consistent placement strategies, and meticulous documentation, we ensure that your company’s relocation is executed seamlessly. Our approach minimizes downtime and frustration for everyone involved, allowing your team to focus on what they do best rather than being burdened by the logistics of moving.
We are committed to making your move as smooth and worry-free as possible!
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Why Relocate?
Businesses relocate for many reasons, and understanding these motivations is key to a successful transition. Tax benefits can significantly impact the bottom line, while lower labor and operational costs can lead to increased profitability. By choosing the right location, companies can also position themselves closer to key markets and talent.
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Comprehensive Relocation Services
When you choose CV you’re not just hiring a relocation service; you’re partnering with a team that understands the intricacies of business relocations. We specialize in:
- Asset Security and Management From staplers to employees we handle every item with care during the relocation process. Our goal is to ensure your assets are transported safely and efficiently.
Employee Relocation Support
We recognize that employees are at the heart of your business. To make their transition easier, we invite each employee to fill out a home profile detailing their ideal living situation. Our team then works tirelessly to find the perfect home or rental that meets their needs. We provide photos and descriptions, and if needed, we can assist with mortgage financing, making the process stress-free.
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New Facilities
Whether it’s finding a suitable building or constructing a new one tailored to your specifications, we collaborate closely with your management team to ensure all aspects of your new space align with your business goals
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Employee Accommodations
To add an extra layer of comfort during this transitional phase, we arrange for your employees to stay in high-quality hotels, allowing them to focus on settling into their new roles without the immediate pressure of finding permanent housing.
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Key Employee Housing
​Your employee fills out our housing profile; We email the employee a virtual tour of homes we suggest based on budget data. In coordination with our realty division the employee tours with our guide, makes a decision then places a deposit. Our legal department closes within the employee parameters. Done.
Get Up and Running Fast
With CV by your side, you can expect a streamlined process that gets your business up and running in just a few days. Our dedicated team is focused on reducing the stress and complexity that can often accompany a relocation. We pride ourselves on our attention to detail and commitment to seeing your business succeed in its new location.
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We'll help you find a new home for your business and your employees, so you can focus on what you do best.
For more information, contact us at [Phone Number] or visit our website at [Website URL]. We look forward to assisting you in your relocation journey!
