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

Attorney and CPA Chad D. Cummings examines North Carolina’s strong but incomplete tax competitiveness in this presentation. The state ranks 13th on the Tax Foundation’s 2026 State Tax Competitiveness Index with the lowest corporate income tax rate in the country at 2.0 percent and a legislated path to zero by 2030. However, North Carolina still imposes a 4.25 percent individual income tax, a franchise tax on net worth, limited Section 179 expensing, and other structural provisions that fall short of the zero-tax environments in Florida and Texas. This presentation shows how redomestication allows North Carolina business owners to transfer their company to another 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 North Carolina, the progress is real, but zero remains the better number. Learn more: https://www.cummings.law/redomestication/