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

Attorney and CPA Chad D. Cummings explains Vermont’s poor tax competitiveness in this presentation. The state ranks 42nd on the Tax Foundation’s 2026 State Tax Competitiveness Index with a top individual income tax rate of 8.75 percent, a corporate rate of 8.5 percent, the highest effective property tax burden in the nation as a percentage of personal income, and a 16 percent estate tax. Vermont is considering further income tax increases that would worsen its ranking, while neighboring New Hampshire ranks 3rd after eliminating its individual income tax. Florida and Texas impose no state personal income tax and offer far more competitive environments. This presentation shows how redomestication allows Vermont business owners to transfer their company’s legal domicile to Florida or Texas 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 Vermont, the structural burdens and policy direction make a compelling case for change. Learn more: https://www.cummings.law/redomestication/