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

Attorney and CPA Chad D. Cummings explains why Delaware is no longer the default choice for corporate domicile in this presentation. Once considered the gold standard, Delaware now ranks 24th on the Tax Foundation’s 2026 State Tax Competitiveness Index and continues to lose major companies such as Tesla, ExxonMobil, TripAdvisor, Dropbox, and Pershing Square to more competitive states. With a 6.6 percent top individual income tax, 8.7 percent corporate income tax, a gross receipts tax, capital stock tax, and a Court of Chancery that has lost credibility with the business community, Delaware’s advantages have faded. Florida and Texas offer no state personal income tax and far more business-friendly structures. This presentation shows how redomestication allows you to transfer your company’s legal domicile out of Delaware 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 your company is still domiciled in Delaware, this could be the strategic move that positions you for the future. Learn more: https://www.cummings.law/redomestication/