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

Missouri has one of the better tax codes in the country, but “better” is not the same as “tax-free.” In this presentation, Chad D. Cummings, CPA, Esq., explains why Missouri ranks 12th on the Tax Foundation’s 2026 State Tax Competitiveness Index, including its 4.0 percent flat corporate income tax rate, strong corporate and unemployment insurance tax rankings, capital gains exemption, low per capita tax collections, solid pension funding, and absence of a throwback rule, capital stock tax, inventory tax, gross receipts tax, estate tax, or inheritance tax. The discussion also addresses the limits of Missouri’s position, including its 4.8 percent top individual income tax rate, local earnings taxes in Kansas City and St. Louis, high combined sales tax rates in many jurisdictions, and the fact that the proposed income tax phase-out has not yet passed. On $500,000 of annual pass-through income, Missouri’s state income tax produces $24,000 of tax, and the figure can exceed $27,000 when local earnings taxes apply. In Florida and Texas, the same state-level personal income tax figure is zero. The presentation also explains how business redomestication can transfer a company to a new 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/