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

Attorney and CPA Chad D. Cummings examines Utah’s strong tax competitiveness in this presentation. The state ranks 15th on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat 4.5 percent individual and corporate income tax rate, permanent full expensing, no throwback rule, no capital stock tax, and an overfunded pension system at 104 percent. Utah serves as a model for states that impose all major taxes while maintaining broad bases and low rates. However, 4.5 percent is still a tax. Florida and Texas impose no state personal income tax. This presentation shows how redomestication allows Utah business owners to transfer their company from one state to another 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 Utah, the state does many things right, but zero remains the better number. Learn more: https://www.cummings.law/redomestication/