The importance of keeping your CPA informed when moving your company to a new state

Attorney and CPA Chad D. Cummings presents this powerful presentation on why keeping your CPA fully informed is essential before, during, and after redomestication. While redomestication itself is a tax-free legal process under the Internal Revenue Code that preserves your company's FEIN, contracts, credit history, and tax attributes, it does not handle any of the critical tax compliance work. Your CPA must manage final tax returns and account closures in the prior state, new registrations and filings in the new state, franchise tax obligations, payroll tax updates, sales tax permits, apportionment, and local tax requirements. Failing to coordinate with your CPA can lead to penalties, interest, audits, and administrative dissolution years later. This presentation breaks down exactly what your CPA needs to handle by tax type, why the attorney and CPA must work together, and how proper planning ensures a smooth transition with no surprises. If you are planning or have already completed a redomestication to Florida or Texas, this information could save you significant time, money, and stress. Learn more: https://www.cummings.law/redomestication/