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

Attorney and CPA Chad D. Cummings explains why Wyoming ranks first on the Tax Foundation’s 2026 State Tax Competitiveness Index in this presentation. The state imposes no individual income tax, no corporate income tax, no estate tax, and no inheritance tax, with low sales and property tax burdens. However, Wyoming’s revenue model depends heavily on severance taxes from oil, gas, and coal, creating volatility, and it maintains an uncapped capital stock tax on business net worth. Florida and Texas offer the same zero-income-tax advantage with more diversified economies and larger markets. This presentation shows how redomestication allows business owners to transfer their company’s legal domicile to or from Wyoming 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 considering Wyoming or need to move an existing Wyoming entity, this is the right way to do it. Learn more: https://www.cummings.law/redomestication/