50 State Series: How to move your LLC or corporation out of Alaska and keep your EIN

Attorney and CPA Chad D. Cummings examines Alaska’s unique tax situation in this presentation. While the state has no individual income tax — a major advantage shared with Florida and Texas — it imposes one of the highest corporate income tax rates in the country at 9.4 percent. Combined with heavy reliance on volatile oil and gas severance taxes and high per capita debt, Alaska’s fiscal model carries risks that many business owners overlook. This presentation compares Alaska’s structure to the far more competitive environments in Florida and Texas, where there is no personal income tax and significantly lower or nonexistent corporate-level taxes. Learn how redomestication allows you to move your company’s legal domicile to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while keeping your FEIN, contracts, credit history, and bank accounts fully intact. If you own a business in Alaska, this could be the strategic move that secures long-term tax savings and stability. Learn more: https://www.cummings.law/redomestication/