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

Attorney and CPA Chad D. Cummings examines Wisconsin’s mixed tax competitiveness in this presentation. The state ranks 21st on the Tax Foundation’s 2026 State Tax Competitiveness Index with strong sales and property tax components, a uniform property tax system, no estate tax, and an overfunded pension system at 102 percent. However, Wisconsin maintains a high top individual income tax rate of 7.65 percent that the legislature has not reduced and a 7.9 percent corporate rate with a throwback rule and limited expensing. These weaknesses offset the stronger elements of the tax code. Florida and Texas impose no state personal income tax and offer far more competitive environments overall. This presentation shows how redomestication allows Wisconsin business owners to transfer their company to another 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 Wisconsin, the good parts of the tax code cannot fully offset the high income and corporate rates. Learn more: https://www.cummings.law/redomestication/