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

Attorney and CPA Chad D. Cummings explains the extreme tax and fiscal burden facing businesses in the District of Columbia in this presentation. DC collects the highest tax revenue per capita in the nation at $15,009, yet it also carries the highest per capita debt at $32,166 and ranks 48th on the Tax Foundation’s 2026 State Tax Competitiveness Index. With a top individual income tax rate of 10.75 percent, an 8.25 percent corporate rate, complex compliance rules, and structural weaknesses that push high earners to neighboring states, the District continues to extract more while delivering less competitive conditions. Florida and Texas impose no state personal income tax and offer significantly lighter overall burdens. This presentation shows how redomestication allows business owners to transfer their company to a new state without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If your business is domiciled in DC, the numbers make a compelling case for change. Learn more: https://www.cummings.law/redomestication/