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

Attorney and CPA Chad D. Cummings examines West Virginia’s tax position in this presentation. The state ranks 32nd on the Tax Foundation’s 2026 State Tax Competitiveness Index with a top individual income tax rate of 4.82 percent and a corporate rate of 6.5 percent. While West Virginia has reduced rates and maintains a fully funded pension system, it carries one of the highest per capita debt loads in the country at $13,160, relies heavily on volatile energy extraction revenue, and imposes local gross receipts taxes that add variable burdens. Florida and Texas impose no state personal income tax and offer more stable, competitive environments. This presentation shows how redomestication allows West Virginia 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. If you own a business in West Virginia, the combination of high debt, commodity-dependent revenue, and ongoing tax burdens makes a compelling case for action. Learn more: https://www.cummings.law/redomestication/