Michigan businesses are shutting their doors

Twenty-five businesses closed in one region of Michigan in a single year, and the state is now considering more than doubling its income tax rate. In this presentation, attorney and CPA Chad D. Cummings examines the real-world impact of rising operating costs, shrinking margins, and proposed tax increases on small and mid-sized businesses, and why these pressures often lead to closures or relocation. The discussion analyzes how a jump from 4.25 percent to 9.25 percent would affect business owners whose income flows through to personal returns, and why the math becomes unsustainable for companies already operating on thin margins. It also explains how redomestication provides a legally sound method to relocate a business to a new state while preserving its EIN, contracts, and operational continuity, and why alternatives such as foreign registration, merger, and dissolution fail to eliminate underlying tax exposure. Finally, the presentation addresses why timing matters as states diverge in tax policy and why business owners must act before structural changes take effect. Learn more: https://www.cummings.law/redomestication/