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

Attorney and CPA Chad D. Cummings examines Idaho’s strong but not optimal tax position in this presentation. The state has earned a top-ten ranking, climbing to ninth on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat 5.3 percent individual and corporate income tax rate. While this represents meaningful progress and Idaho offers low debt, strong pension funding, and no estate tax, neighboring states deliver better outcomes. Florida and Texas impose no state personal income tax at all. For a pass-through business generating five hundred thousand dollars in annual income, that 5.3 percent rate equals twenty-six thousand five hundred dollars per year that simply does not exist in those states. This presentation shows how redomestication allows Idaho business owners to change a company's state 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 Idaho, this could be the strategic decision that maximizes your long-term savings. Learn more: https://www.cummings.law/redomestication/