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

Nevada has no individual income tax and no corporate income tax, but that does not make it automatically equal to Florida or Texas for business owners. In this presentation, Chad D. Cummings, CPA, Esq., explains why Nevada ranks 20th on the Tax Foundation’s 2026 State Tax Competitiveness Index despite receiving a tied-for-first ranking on the individual income tax component. The discussion covers Nevada’s Commerce Tax on gross receipts, Modified Business Tax on payroll, above-average sales tax rate, weaker unemployment insurance tax structure, and the practical difference between corporate domicile and operational domicile. Nevada remains a strong option for incorporation, with no franchise tax, no capital stock tax, no estate tax, no inheritance tax, and one of the most director-favorable business judgment rules in the country. But for owners who live and operate outside Nevada, the no-income-tax benefit does not materialize unless residency, operations, and entity planning align. The presentation also explains how business domestication can transfer a company’s legal domicile 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/