Rochester, NY asked in Tax Law for New York

Q: Potentially moving business to a different state

Have a Delaware C business in NYS. Maintain two residences, one in NYS and one in Mass. May end up establishing residency in Mass. Does it make sense/do I have to also move the business to Mass. I will still have remote employees 1-2 working remotely in NYS. I know i will be responsible for NYS taxes for the employee(s) but trying ti figure out what makes the most sense overall economically. Thanks

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2 Lawyer Answers
V. Jonas Urba
V. Jonas Urba
PREMIUM
Answered
  • Tarrytown, NY
  • Licensed in New York

A: Ask your accountant.

Although I am an inactive member of the Massachusetts BAR I limit my practice to New York.

My pedestrian impression is that overall Massachusetts might have more protection for employees. Know nothing about taxes in either state and rely on tax professionals.

Bruce McBrien agrees with this answer

James Francis Barna Esq
James Francis Barna Esq
Answered
  • Cazenovia, NY
  • Licensed in New York

A: Wow. Too many issues to answer in a free online forum. You need to sit down with your business accountant, and with a business or employment attorney to go over these issues.

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