Moving your company to a new state: why dissolution spells disaster for many business owners

Attorney and CPA Chad D. Cummings explains why dissolving your company in one state and forming a new one in another is almost always the wrong move. This common advice from well-meaning professionals can destroy your FEIN, force you to renegotiate every contract, close and reopen bank accounts, reset your credit history, and potentially trigger unnecessary taxes. In this presentation, you’ll see exactly what goes wrong with dissolution and why redomestication is the correct solution. Redomestication transfers your company’s legal domicile to Florida or Texas without dissolving it, without creating a new entity, and without triggering federal income tax when done properly. Your company keeps the same FEIN, the same contracts, the same bank accounts, and the same credit history. The entity that exists after the conversion is the exact same legal entity that existed before. If your CPA or attorney recommended dissolution, this presentation will show you why you need a second opinion before you file anything. Learn more: https://www.cummings.law/redomestication/