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

Attorney and CPA Chad D. Cummings explains Oregon’s dramatic decline in tax competitiveness in this presentation. The state has fallen from 8th to 35th on the Tax Foundation’s 2026 State Tax Competitiveness Index, the largest drop of any state in the country, after adding a Corporate Activity Tax on gross receipts on top of its existing corporate income tax and maintaining one of the highest combined individual income tax burdens in the nation. In Portland, the combined state and local rate reaches 13.9 percent, and the state also imposes both an estate tax with a low $1 million exemption and other complex provisions. Florida and Texas impose no state personal income tax and offer far more competitive environments. This presentation shows how redomestication allows Oregon business owners to transfer their LLC or corporation 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 Oregon, the trajectory of state policy makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/