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

Attorney and CPA Chad D. Cummings explains Washington’s declining tax competitiveness in this presentation. The state ranks 45th on the Tax Foundation’s 2026 State Tax Competitiveness Index after imposing a 9.9 percent capital gains tax, maintaining a multiple-rate Business and Occupation gross receipts tax that applies to revenue regardless of profit, raising its estate tax to the highest rate in the country at 35 percent, and layering additional taxes on digital services and advertising. These changes have erased Washington’s former advantage as a no-income-tax state and created one of the most burdensome tax environments for businesses and high earners. Florida and Texas impose no state personal income tax, no capital gains tax, and no estate tax. This presentation shows how redomestication allows Washington business owners to transfer their company out of Washington 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 Washington, the policy direction and tax burdens make clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/