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

Attorney and CPA Chad D. Cummings presents this overview of why South Dakota ranks second on the Tax Foundation’s 2026 State Tax Competitiveness Index. The state imposes no individual income tax, no corporate income tax, and no gross receipts tax, along with no estate tax, no inheritance tax, and no tangible personal property or inventory taxes. With a fully funded pension system at 100 percent and a simple, transparent tax structure built on sales and property taxes, South Dakota offers one of the most competitive environments in the country. This presentation shows how redomestication allows business owners to transfer their company to a new 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. Whether you are coming from a high-tax state in the upper Midwest or looking for a stable zero-income-tax jurisdiction, this is the proper legal mechanism. Learn more: https://www.cummings.law/redomestication/