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

Michigan is still a competitive tax state, but its position is slipping while faster-moving states cut income tax rates, corporate tax rates, and business costs. In this presentation, Chad D. Cummings, CPA, Esq., explains why Michigan fell from 11th to 16th on the Tax Foundation’s 2026 State Tax Competitiveness Index, how the state’s 4.25 percent flat income tax can exceed 6 percent when local city income taxes apply, and why the delayed 2028 ballot initiative to raise the top income tax rate to 9.25 percent should concern business owners before it appears on the ballot. The discussion also covers Michigan’s corporate income tax, lack of full expensing, tangible personal property tax, automotive-sector tariff exposure, reduced revenue projections, and the practical tax difference between remaining in Michigan and relocating to Florida or Texas. The presentation also explains how business redomestication can transfer a company to another state without dissolving the company, forming a new entity, losing its EIN, disrupting contracts, or sacrificing business credit history when handled with proper legal and tax formalities. Learn more: https://www.cummings.law/redomestication/