{"id":8228,"date":"2022-07-22T18:11:51","date_gmt":"2022-07-22T16:11:51","guid":{"rendered":"https:\/\/trendingsimple.com\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/"},"modified":"2022-07-22T18:11:51","modified_gmt":"2022-07-22T16:11:51","slug":"im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business","status":"publish","type":"post","link":"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/","title":{"rendered":"I&#8217;m moving from oregon to hawaii. how do i re-register my business"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-do-i-move-my-business-from-one-state-to-another\" title=\"How do I move my business from one state to another?\">How do I move my business from one state to another?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#do-i-need-to-register-my-business-in-hawaii\" title=\"Do I need to register my business in Hawaii?\">Do I need to register my business in Hawaii?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#can-i-transfer-my-ein-to-another-state\" title=\"Can I transfer my EIN to another state?\">Can I transfer my EIN to another state?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#can-i-live-in-a-different-state-than-my-llc\" title=\"Can I live in a different state than my LLC?\">Can I live in a different state than my LLC?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#does-oregon-allow-llc-domestication\" title=\"Does Oregon allow LLC domestication?\">Does Oregon allow LLC domestication?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-is-the-best-state-to-set-up-an-llc\" title=\"What is the best state to set up an LLC?\">What is the best state to set up an LLC?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#which-state-has-the-lowest-taxes-for-business\" title=\"Which state has the lowest taxes for business?\">Which state has the lowest taxes for business?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-states-have-no-income-tax\" title=\"What states have no income tax?\">What states have no income tax?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-taxes-do-llc-pay\" title=\"What taxes do LLC pay?\">What taxes do LLC pay?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-do-i-avoid-paying-taxes-on-my-llc\" title=\"How do I avoid paying taxes on my LLC?\">How do I avoid paying taxes on my LLC?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-can-a-small-business-make-before-paying-taxes\" title=\"How much can a small business make before paying taxes?\">How much can a small business make before paying taxes?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-happens-if-my-llc-makes-no-money\" title=\"What happens if my LLC makes no money?\">What happens if my LLC makes no money?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#can-i-write-off-business-expenses-without-income\" title=\"Can I write off business expenses without income?\">Can I write off business expenses without income?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-is-the-downside-to-an-llc\" title=\"What is the downside to an LLC?\">What is the downside to an LLC?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#do-i-file-my-llc-and-personal-taxes-together\" title=\"Do I file my LLC and personal taxes together?\">Do I file my LLC and personal taxes together?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-does-owning-a-business-affect-my-personal-taxes\" title=\"How does owning a business affect my personal taxes?\">How does owning a business affect my personal taxes?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-does-an-llc-affect-personal-taxes\" title=\"How does an LLC affect personal taxes?\">How does an LLC affect personal taxes?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#do-you-have-to-file-taxes-your-first-year-in-business\" title=\"Do you have to file taxes your first year in business?\">Do you have to file taxes your first year in business?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#can-a-small-business-get-a-tax-refund\" title=\"Can a small business get a tax refund?\">Can a small business get a tax refund?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-money-do-you-have-to-make-to-be-considered-a-business\" title=\"How much money do you have to make to be considered a business?\">How much money do you have to make to be considered a business?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-money-do-you-have-to-make-to-not-pay-taxes-2021\" title=\"How much money do you have to make to not pay taxes 2021?\">How much money do you have to make to not pay taxes 2021?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-age-can-you-stop-filing-income-taxes\" title=\"What age can you stop filing income taxes?\">What age can you stop filing income taxes?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#will-i-get-a-tax-refund-if-i-made-less-than-10000\" title=\"Will I get a tax refund if I made less than $10000?\">Will I get a tax refund if I made less than $10000?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#do-you-have-to-pay-income-tax-after-age-70\" title=\"Do you have to pay income tax after age 70?\">Do you have to pay income tax after age 70?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-is-the-maximum-amount-of-social-security-you-can-get\" title=\"What is the maximum amount of Social Security you can get?\">What is the maximum amount of Social Security you can get?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-age-does-social-security-stop\" title=\"What age does Social Security stop?\">What age does Social Security stop?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-will-i-get-from-social-security-if-i-make-30000\" title=\"How much will I get from Social Security if I make $30000?\">How much will I get from Social Security if I make $30000?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-is-the-average-social-security-check-at-age-65\" title=\"What is the average Social Security check at age 65?\">What is the average Social Security check at age 65?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#is-it-better-to-take-social-security-at-62-or-67\" title=\"Is it better to take Social Security at 62 or 67?\">Is it better to take Social Security at 62 or 67?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#why-retiring-at-62-is-a-good-idea\" title=\"Why retiring at 62 is a good idea?\">Why retiring at 62 is a good idea?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-is-the-average-social-security-check-at-age-62\" title=\"What is the average Social Security check at age 62?\">What is the average Social Security check at age 62?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-more-is-social-security-at-67-than-62\" title=\"How much more is Social Security at 67 than 62?\">How much more is Social Security at 67 than 62?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#at-what-age-do-most-people-retire\" title=\"At what age do most people retire?\">At what age do most people retire?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#how-much-does-the-average-70-year-old-have-in-savings\" title=\"How much does the average 70 year old have in savings?\">How much does the average 70 year old have in savings?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#do-early-retirees-live-longer\" title=\"Do early retirees live longer?\">Do early retirees live longer?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/#what-does-the-average-person-retire-with\" title=\"What does the average person retire with?\">What does the average person retire with?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how-do-i-move-my-business-from-one-state-to-another\"><\/span>How do I move my business from one state to another?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To operate legally in any state, corporations and LLCs must register with the state. Once you decide to move your corporation or LLC to a new state you have two options: Dissolve the corporation in the old state and start it anew in the new state; or. File a foreign qualification in the second state.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"do-i-need-to-register-my-business-in-hawaii\"><\/span>Do I need to register my business in Hawaii?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Businesses that operate within Hawaii must adhere to state tax registration regulations. For example, businesses with at least one employee are required to register for income tax withholding, sales and use tax (seller&#8217;s permit), and unemployment insurance tax.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"can-i-transfer-my-ein-to-another-state\"><\/span>Can I transfer my EIN to another state?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Your EIN is used by the IRS for federal tax purposes. Therefore, relocation usually does not affect your EIN if you are sole proprietor who moves their business to another state in the United States. You might have to pay certain state taxes that are specific to your new state, however.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"can-i-live-in-a-different-state-than-my-llc\"><\/span>Can I live in a different state than my LLC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes. You can register your LLC in a different state if you comply with the laws and regulations of both states.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"does-oregon-allow-llc-domestication\"><\/span>Does Oregon allow LLC domestication?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oregon law has no provisions for entity domestication. If you plan to move your company to Oregon your can choose between qualifying your existing company as Oregon Foreign Entity, or dissolving it in the original state of registration and forming a new company in Oregon.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-is-the-best-state-to-set-up-an-llc\"><\/span>What is the best state to set up an LLC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>5 Best States to Start an LLC<\/p>\n<h2><span class=\"ez-toc-section\" id=\"which-state-has-the-lowest-taxes-for-business\"><\/span>Which state has the lowest taxes for business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nevada, South Dakota, and Wyoming have no corporate or individual income tax (though Nevada imposes gross receipts taxes); Alaska has no individual income or state-level sales tax; Florida has no individual income tax; and New Hampshire and Montana have no sales tax.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-states-have-no-income-tax\"><\/span>What states have no income tax?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Only seven states have no personal income tax:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-taxes-do-llc-pay\"><\/span>What taxes do LLC pay?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Members must report self-employment taxes on a Schedule SE. LLC members are responsible for paying the entire 15.3% (12.4% for Social Security and 2.9% for Medicare). Members can deduct half of the self-employment tax paid from their adjusted gross income.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-do-i-avoid-paying-taxes-on-my-llc\"><\/span>How do I avoid paying taxes on my LLC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A general Corporation making a Subchapter \u201cS\u201d Election or an LLC with or without a Subchapter S Election pays no federal tax on its taxable income and no employment taxes on its distributions to stockholders.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-can-a-small-business-make-before-paying-taxes\"><\/span>How much can a small business make before paying taxes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the IRS, a sole proprietor or independent contractor, has to file an income tax return if net earnings from self-employment were $400 or more in the year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-happens-if-my-llc-makes-no-money\"><\/span>What happens if my LLC makes no money?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>But even though an inactive LLC has no income or expenses for a year, it might still be required to file a federal income tax return. LLC tax filing requirements depend on the way the LLC is taxed. An LLC may be disregarded as an entity for tax purposes, or it may be taxed as a partnership or a corporation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"can-i-write-off-business-expenses-without-income\"><\/span>Can I write off business expenses without income?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can either deduct or amortize start-up expenses once your business begins rather than filing business taxes with no income. If you were actively engaged in your trade or business but didn&#8217;t receive income, then you should file and claim your expenses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-is-the-downside-to-an-llc\"><\/span>What is the downside to an LLC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and\/or franchise tax fees. Check with your Secretary of State&#8217;s office.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"do-i-file-my-llc-and-personal-taxes-together\"><\/span>Do I file my LLC and personal taxes together?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Limited liability companies (LLCs) can also choose to be treated as a corporation by the IRS, whether they have one or multiple owners. In that situation, they must also file their taxes using Form 1120, which means the owners must file their personal and business taxes separately.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-does-owning-a-business-affect-my-personal-taxes\"><\/span>How does owning a business affect my personal taxes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For a sole proprietorship, your business income is reported directly on your personal federal income tax return, which means your business doesn&#8217;t owe taxes separately. Instead, you&#8217;ll pay taxes on your business&#8217;s earnings at your individual federal income tax rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-does-an-llc-affect-personal-taxes\"><\/span>How does an LLC affect personal taxes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A benefit of LLCs is they don&#8217;t have to pay a business income tax, as the IRS doesn&#8217;t look at them as being an individual entity when it comes to tax purposes. All of the money made from the LLC goes directly to you, the owner, so you only will need to pay individual income tax.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"do-you-have-to-file-taxes-your-first-year-in-business\"><\/span>Do you have to file taxes your first year in business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the initial year(s) of business, U.. partnerships do not need to file a federal return if the business hasn&#8217;t received income or incurred any expenses treated as deductions or credits for federal income tax purposes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"can-a-small-business-get-a-tax-refund\"><\/span>Can a small business get a tax refund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most small businesses don&#8217;t receive IRS refunds because they don&#8217;t pay taxes \u2013 at least not directly. Pass-through businesses, including sole proprietors, partnerships, LLCs and S corporations, may file tax returns, but taxable income passes through to the owner or shareholder&#8217;s personal tax return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-money-do-you-have-to-make-to-be-considered-a-business\"><\/span>How much money do you have to make to be considered a business?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As a sole proprietor or independent contractor, anything you earn about and beyond $400 is <a href=\"https:\/\/trendingsimple.com\/hawaii\/things-to-consider-when-moving-to-hawaii-reddit\/\" title=\"Things to consider when moving to hawaii reddit\">considered<\/a> taxable small business income, according to Fresh Books.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-money-do-you-have-to-make-to-not-pay-taxes-2021\"><\/span>How much money do you have to make to not pay taxes 2021?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In 2021, for example, the minimum for single filing status if under age 65 is $12,550. If your income is below that threshold, you generally do not need to file a federal tax return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-age-can-you-stop-filing-income-taxes\"><\/span>What age can you stop filing income taxes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is no magic age at which you&#8217;re allowed to stop filing taxes with the IRS. However, once you&#8217;re over the age of 65, your income thresholds that determine if you&#8217;re required to file will change.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"will-i-get-a-tax-refund-if-i-made-less-than-10000\"><\/span>Will I get a tax refund if I made less than $10000?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you earn less than $10,000 per year, you don&#8217;t have to file a tax return. However, you won&#8217;t receive an Earned-Income Tax Credit refund unless you do file.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"do-you-have-to-pay-income-tax-after-age-70\"><\/span>Do you have to pay income tax after age 70?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you are at least 65, unmarried, and receive $14,250 or more in non-exempt income in addition to your Social Security benefits, you typically must file a federal income tax return (tax year 2021).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-is-the-maximum-amount-of-social-security-you-can-get\"><\/span>What is the maximum amount of Social Security you can get?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2022, your maximum benefit would be $3,345. However, if you retire at age 62 in 2022, your maximum benefit would be $2,364. If you retire at age 70 in 2022, your maximum benefit would be $4,194.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-age-does-social-security-stop\"><\/span>What age does Social Security stop?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960, until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-will-i-get-from-social-security-if-i-make-30000\"><\/span>How much will I get from Social Security if I make $30000?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You get 32 percent of your earnings between 996. Dollars and six thousand and two dollars which<\/p>\n<p><iframe loading=\"lazy\" frameborder=\"0\" scrolling=\"no\" marginheight=\"0\" marginwidth=\"0\" width=\"600\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/nwSXV3Rlcrw?autoplay=0&#038;fs=0&#038;iv_load_policy=3&#038;showinfo=0&#038;rel=0&#038;cc_load_policy=0&#038;start=0&#038;end=0\"><\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-is-the-average-social-security-check-at-age-65\"><\/span>What is the average Social Security check at age 65?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At age 65: $2,993. At age 66: $3,240. At age 70: $4,194.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"is-it-better-to-take-social-security-at-62-or-67\"><\/span>Is it better to take Social Security at 62 or 67?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The short answer is yes. Retirees who begin collecting Social Security at 62 instead of at the full retirement age (67 for those born in 1960 or later) can expect their monthly benefits to be 30% lower. So, delaying claiming until 67 will result in a larger monthly check.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"why-retiring-at-62-is-a-good-idea\"><\/span>Why retiring at 62 is a good idea?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Probably the biggest indicator that it&#8217;s really ok to retire early is that your debts are paid off, or they&#8217;re very close to it. Debt-free living, financial freedom, or whichever way you choose to refer it, means you&#8217;ve fulfilled all or most of your obligations, and you&#8217;ll be under much less strain in the years ahead.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-is-the-average-social-security-check-at-age-62\"><\/span>What is the average Social Security check at age 62?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the SSA&#8217;s 2021 Annual Statistical Supplement, the monthly benefit amount for retired workers claiming benefits at age 62 earning the average wage was $1,480 per month for the worker alone. The benefit amount for workers with spouses claiming benefits was $2,170 at age 62.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-more-is-social-security-at-67-than-62\"><\/span>How much more is Social Security at 67 than 62?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>30%<\/p>\n<h2><span class=\"ez-toc-section\" id=\"at-what-age-do-most-people-retire\"><\/span>At what age do most people retire?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you&#8217;re just curious about the average age people retire, the answer is simple: 62. We get why you&#8217;d want to know what age most people retire. You can use that as a benchmark and work backwards to figure out how much time you have left to work and save until you can think about retiring.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how-much-does-the-average-70-year-old-have-in-savings\"><\/span>How much does the average 70 year old have in savings?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>How much does the average 70-year-old have in savings? According to data from the Federal Reserve, the average amount of retirement savings for 65- to 74-year-olds is just north of $426,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"do-early-retirees-live-longer\"><\/span>Do early retirees live longer?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When they looked at the sample of 2,956 people who had begun participating in the study in 1992 and retired by 2010, the researchers found that the majority had retired around age 65. But a statistical analysis showed that when people retired at age 66 instead, their mortality rates dropped by 11%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what-does-the-average-person-retire-with\"><\/span>What does the average person retire with?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Average Retirement Income in 2021<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How do I move my business from one state to another? To operate legally in any state, corporations and LLCs must register with the state. Once you decide to move your corporation or LLC to a new state you have two options: Dissolve the corporation in the old state and start it anew in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>I&#039;m moving from oregon to hawaii. how do i re-register my business - Trending Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trendingsimple.com\/hawaii\/im-moving-from-oregon-to-hawaii-how-do-i-re-register-my-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I&#039;m moving from oregon to hawaii. how do i re-register my business - Trending Simple\" \/>\n<meta property=\"og:description\" content=\"How do I move my business from one state to another? 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