Q: How to source a contract termination payout signed in state 1 but terminated after biz relocated to state 2?
I run a single-person LLC consulting business. My business had a substantial contract recently terminated. I signed the contract in 2020 while working in NJ, and it had a "soft lock" where the customer could break the contract in exchange for material penalty payment.
I moved to PR at the end of 2020 and was notified the customer wanted to terminate/pay the fee in mid 2021. It effectively put me out of business.
Do I source that penalty payment to NJ, since I signed the deal there? Do I source it to PR since that's where I moved to/was performing the services up until the termination?
Appreciate any insight!
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