Podcast
#LegalBytes: The Official Podcast of Cummings & Cummings Law
Hosted by Cummings & Cummings Law · EN
Legal, tax, financial, accounting, and estate planning concepts for business owners and their families
144episodes
Episodes
Newest firstAll episodes
50 State Series: How to move your LLC or corporation out of Hawaii and keep your EIN
May 2000:09:21Tap to summarizeAttorney and CPA Chad D. Cummings explains why Hawaii remains one of the least competitive tax jurisdictions in the country in this presentation. The state ranks 41st on the Tax Foundation’s 2026 State Tax Competitiveness Index with twelve income tax brackets topping out at 11 percent, a $25,000 Section 179 expensing cap, a 20 percent estate tax, and a throwback rule that penalizes companies with out-of-state sales. These structural burdens, combined with high per capita tax collections and severely underfunded pensions, continue to drive residents and businesses away. Florida and Texas impose no state personal income tax and offer far more competitive environments overall. This presentation shows how redomestication allows Hawaii business owners to transfer their company to Florida or Texas 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 in Hawaii, the numbers make a strong case for change. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Georgia and keep your EIN
May 2000:08:30Tap to summarizeAttorney and CPA Chad D. Cummings analyzes Georgia’s tax competitiveness in this presentation. The state has made impressive progress, climbing from 28th to 18th on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat 5.19 percent individual and corporate income tax rate scheduled to drop further to 4.99 percent. Yet Georgia remains surrounded by stronger competitors: Florida and Tennessee impose no state income tax, while North Carolina’s rates are lower and continue to decline. For a pass-through business with $500,000 in annual income, that 5.19 percent difference equals $25,950 per year that stays in the business when domiciled in Florida or Texas. This presentation explains how redomestication allows Georgia business owners to move the company to a new state 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 in Georgia, the numbers next door make the case for action. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of DC and keep your EIN
May 2000:09:16Tap to summarizeAttorney and CPA Chad D. Cummings explains the extreme tax and fiscal burden facing businesses in the District of Columbia in this presentation. DC collects the highest tax revenue per capita in the nation at $15,009, yet it also carries the highest per capita debt at $32,166 and ranks 48th on the Tax Foundation’s 2026 State Tax Competitiveness Index. With a top individual income tax rate of 10.75 percent, an 8.25 percent corporate rate, complex compliance rules, and structural weaknesses that push high earners to neighboring states, the District continues to extract more while delivering less competitive conditions. Florida and Texas impose no state personal income tax and offer significantly lighter overall burdens. This presentation shows how redomestication allows business owners to transfer their company to a new state 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 your business is domiciled in DC, the numbers make a compelling case for change. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Florida and keep your EIN
May 1800:07:23Tap to summarizeAttorney and CPA Chad D. Cummings presents this important overview of why Florida remains one of the strongest states for business ownership and how redomestication provides flexibility when life requires a move. Florida ranks fifth nationally on the Tax Foundation's 2026 State Tax Competitiveness Index with no state personal income tax, no estate tax, and a competitive corporate structure that applies only to larger C corporations. This presentation explains how redomestication works in both directions: bringing a company into Florida from a high-tax state or transferring your company out of Florida when personal circumstances such as family needs, spousal relocation, or new business opportunities arise. The process transfers your company's legal domicile without dissolution, without creating a new entity, and without triggering federal income tax when performed correctly. Your company keeps its FEIN, contracts, credit history, and bank accounts intact. Whether you are moving to Florida or need to take your Florida-domiciled company with you to another state, this presentation shows the proper legal path. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Delaware and keep your EIN
May 1800:10:17Tap to summarizeAttorney and CPA Chad D. Cummings explains why Delaware is no longer the default choice for corporate domicile in this presentation. Once considered the gold standard, Delaware now ranks 24th on the Tax Foundation’s 2026 State Tax Competitiveness Index and continues to lose major companies such as Tesla, ExxonMobil, TripAdvisor, Dropbox, and Pershing Square to more competitive states. With a 6.6 percent top individual income tax, 8.7 percent corporate income tax, a gross receipts tax, capital stock tax, and a Court of Chancery that has lost credibility with the business community, Delaware’s advantages have faded. Florida and Texas offer no state personal income tax and far more business-friendly structures. This presentation shows how redomestication allows you to transfer your company’s legal domicile out of Delaware without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If your company is still domiciled in Delaware, this could be the strategic move that positions you for the future. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Connecticut and keep your EIN
May 1800:10:13Tap to summarizeAttorney and CPA Chad D. Cummings breaks down Connecticut’s persistent tax problems in this presentation. The state ranks 47th on the Tax Foundation’s 2026 State Tax Competitiveness Index and has remained in the bottom four for eleven consecutive years. With a recapture provision that effectively taxes all income at the top 6.99 percent rate, a 10 percent corporate surtax, one of the nation’s worst property tax burdens, and public pensions funded at only 64 percent, Connecticut continues to impose heavy and unpredictable costs on businesses and high earners. Florida and Texas impose no state personal income tax and offer far more competitive structures overall. This presentation shows how redomestication allows you to transfer your company to a new state without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If you own a business in Connecticut, the long-term trajectory makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Colorado and keep your EIN
May 1500:11:07Tap to summarizeAttorney and CPA Chad D. Cummings examines Colorado’s declining tax competitiveness in this presentation. The state has fallen from 22nd to 33rd on the Tax Foundation’s State Tax Competitiveness Index in just six years, not because of major tax hikes, but because it stood still while twenty-three other states cut their income tax rates. Colorado’s flat 4.4 percent individual and corporate rates now lag behind states actively lowering theirs, and the addition of an alternative minimum tax, throwback rule, and other structural burdens continues to increase the overall cost of doing business. Florida and Texas impose no state personal income tax and maintain far more competitive environments. This presentation shows how redomestication allows Colorado business owners to transfer their company’s to Florida or Texas 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 in Colorado, this could be the strategic move that protects your bottom line for years to come. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Arkansas and keep your EIN
May 1500:10:10Tap to summarizeAttorney and CPA Chad D. Cummings breaks down Arkansas’s tax situation in this presentation. The state has made meaningful rate cuts, lowering its top individual income tax to 3.9 percent and corporate rate to 4.3 percent. Yet Arkansas still carries one of the highest combined state and local sales tax rates in the country, a capital stock tax, an inventory tax, and a throwback rule that taxes income earned elsewhere. These structural issues continue to place unnecessary costs on businesses. In contrast, Florida and Texas offer no state personal income tax and significantly lighter overall burdens. This presentation shows how redomestication allows Arkansas business owners to move their company’s legal domicile to Florida or Texas 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 in Arkansas, the rate reductions are helpful, but they do not solve the full problem. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of California and keep your EIN
May 1500:10:53Tap to summarizeYes, it IS possible to redomesticate your LLC or corporation out of California, regardless of what the "experts" on Reddit say. Attorney and CPA Chad D. Cummings explains why California remains one of the worst states for business taxes in this presentation. The state ranks 48th overall on the Tax Foundation’s 2026 State Tax Competitiveness Index, near the bottom in individual income taxes, corporate taxes, and sales taxes. With a top all-in personal income tax rate of 14.4 percent, an 8.84 percent corporate rate, the nation’s highest state sales tax, and a hostile tax code that suspends net operating loss carryforwards, imposes throwback rules, and creates massive compliance burdens, California continues to drive businesses and high earners away. Florida and Texas impose no state personal income tax and offer far more competitive structures. This presentation shows how redomestication lets you transfer your company’s legal domicile to Florida or Texas without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. If you own a business in California, the numbers make the case for action. Learn more: https://www.cummings.law/redomestication/
Transcribe →50 State Series: How to move your LLC or corporation out of Arizona and keep your EIN
May 1400:09:09Tap to summarizeAttorney and CPA Chad D. Cummings highlights Arizona’s tax reality in this presentation. While the state’s 2.5 percent flat individual income tax is a significant improvement over its previous graduated structure, it is still a tax. Florida and Texas impose none. For a pass-through business owner earning $500,000 annually, that 2.5 percent represents $12,500 per year in state income tax that simply does not exist in those two states. Over five or ten years, the difference becomes substantial. Arizona also maintains a 4.9 percent corporate income tax and one of the higher combined state and local sales tax rates in the country. This presentation explains why Arizona, despite its progress, still falls short of the best options available and how redomestication allows business owners to move their company’s state of domicile to Florida or Texas without creating a new entity, without dissolution, and on a completely tax-free basis while keeping the same FEIN, contracts, credit history, and bank accounts. If you own a business in Arizona, this could be the move that puts meaningful money back into your company every year. Learn more: https://www.cummings.law/redomestication/
Transcribe →