How to move your business from California to Tennessee [step-by-step]

Attorney and CPA Chad D. Cummings examines the July 2026 exchange between Tennessee and Paramount Skydance. On July 2, Deputy Governor Stuart McWhorter invited the studio to move its headquarters to Tennessee, citing fiscal discipline, low taxes, and predictable governance. Days later, California Attorney General Rob Bonta led a twelve-state coalition seeking to block Paramount’s roughly $110 billion acquisition of Warner Bros. Discovery—after the Justice Department had already cleared the deal. Paramount responded by opening exploratory talks with Tennessee, Texas, and Georgia. Roughly 30,000 jobs and an estimated $500 million in annual tax savings are at stake. Bonta called the possibility of departure blackmail. Choosing a domicile is the ordinary right of every business, not coercion. Tennessee competed for the company. Florida and Texas operate on the same premise: no personal income tax and the assumption that a business chooses to be there and can choose otherwise. Learn about moving your company out of California: https://www.cummings.law/redomestication/move-business-out-of-california