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

Attorney and CPA Chad D. Cummings explains Maryland’s aggressive tax increases and declining competitiveness in this presentation. The state now ranks 46th on the Tax Foundation’s 2026 State Tax Competitiveness Index after enacting one of the most aggressive tax packages in the country in 2025, including a new top individual income tax rate of 6.5 percent, higher county income taxes, a capital gains surcharge, and new taxes on digital services. Maryland is also the only state with both an estate tax and an inheritance tax, plus a digital advertising tax. These burdens create a combined individual income tax rate that can reach 9.8 percent in high-tax counties. Florida and Texas impose no state personal income tax and offer significantly lighter overall tax environments. This presentation shows how redomestication allows Maryland business owners to transfer their existing LLC or corporation 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 you own a business in Maryland, the direction of state policy makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/