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

New Hampshire ranks third on the Tax Foundation’s 2026 State Tax Competitiveness Index after eliminating its interest and dividends tax on January 1, 2025, making it the only state in the Northeast with no individual income tax. In this presentation, Chad D. Cummings, CPA, Esq., explains why New Hampshire’s no-income-tax and no-sales-tax structure gives it a major regional advantage, while also addressing the costs that replace those taxes: a 7.5 percent Business Profits Tax, a separate Business Enterprise Tax based on compensation, interest, and dividends, limited expensing, a short net operating loss carryforward period, some of the highest property taxes in the country, and public pension plans funded at only 70 percent. For business owners leaving Massachusetts, Connecticut, New York, or other high-tax Northeastern states, New Hampshire may offer meaningful income tax relief, but its corporate and property tax structure can reduce the savings. The presentation also explains how business redomestication can transfer a company’s legal domicile to Florida or Texas 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/