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

Attorney and CPA Chad D. Cummings explains why Hawaii remains one of the least competitive tax jurisdictions in the country in this presentation. The state ranks 41st on the Tax Foundation’s 2026 State Tax Competitiveness Index with twelve income tax brackets topping out at 11 percent, a $25,000 Section 179 expensing cap, a 20 percent estate tax, and a throwback rule that penalizes companies with out-of-state sales. These structural burdens, combined with high per capita tax collections and severely underfunded pensions, continue to drive residents and businesses away. Florida and Texas impose no state personal income tax and offer far more competitive environments overall. This presentation shows how redomestication allows Hawaii business owners to transfer their company to Florida or Texas 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 you own a business in Hawaii, the numbers make a strong case for change. Learn more: https://www.cummings.law/redomestication/