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

Attorney and CPA Chad D. Cummings highlights Tennessee’s dramatic tax reform success in this presentation. The state has climbed from 38th to 8th on the Tax Foundation’s 2026 State Tax Competitiveness Index by fully eliminating its individual income tax, making it one of the best states in the country for pass-through businesses. Tennessee also maintains a pension system funded at 108 percent and strong fiscal discipline. This presentation shows how redomestication allows business owners to transfer a company legal domicile 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. For owners in neighboring states still paying income taxes ranging from 4.25 percent to 6.5 percent, the comparison is clear. Learn about redomestication: https://www.cummings.law/redomestication/