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

Attorney and CPA Chad D. Cummings breaks down Connecticut’s persistent tax problems in this presentation. The state ranks 47th on the Tax Foundation’s 2026 State Tax Competitiveness Index and has remained in the bottom four for eleven consecutive years. With a recapture provision that effectively taxes all income at the top 6.99 percent rate, a 10 percent corporate surtax, one of the nation’s worst property tax burdens, and public pensions funded at only 64 percent, Connecticut continues to impose heavy and unpredictable costs on businesses and high earners. Florida and Texas impose no state personal income tax and offer far more competitive structures overall. This presentation shows how redomestication allows you to transfer your company to a new state without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If you own a business in Connecticut, the long-term trajectory makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/