Is time running out to transfer your company out of California? [Step-by-Step]

Attorney and CPA Chad D. Cummings discusses the aggressive residency audits by the California Franchise Tax Board in this presentation. Following the qualification of the California Billionaire Tax Act for the November 2026 ballot, the FTB has launched some of the most intrusive audits in its history, demanding GPS records, transaction data, and other evidence from departing high-net-worth individuals. This enforcement posture applies not only to individuals but to every business entity still domiciled in California, regardless of size. If your LLC or corporation remains formed in California, the FTB retains jurisdiction even if you personally relocated. This presentation explains how redomestication allows business owners to transfer their company out of California 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 still domiciled in California, the current audit activity and budget pressures make the timing urgent. Learn more: https://www.cummings.law/redomestication/