Top 3 mistakes business owners make in redomiciling out of New York

This presentation explains the top three deadly mistakes New York companies make when they try to flee to Florida or Texas by filing redomestication, conversion, or formation documents directly with a Secretary of State without attorney review: first, relying on deceptively “simple” online forms while omitting the plan documents, consents, and sequencing that actually establish continuity and legal validity; second, triggering catastrophic federal and multistate tax consequences through misclassification, mishandled elections, basis reporting errors, EIN continuity failures, and botched final returns that invite audits, penalties, and liens; and third, exposing the owners to state-level penalties and personal liability risk by creating gaps in good standing, improper wind-down mechanics, defective disclosures, and transition formalities that feed alter ego and veil-piercing narratives while the business operates in a dangerous limbo of dual filings, dual taxation, and unenforceable contracts. Learn more: https://www.cummings.law/redomestication/