#LegalBytes: The Official Podcast of Cummings & Cummings Law

Cummings & Cummings Law

Legal, tax, financial, accounting, and estate planning concepts for business owners and their families

  1. 8h ago

    50 State Series: How to move your LLC or corporation out of South Carolina and keep your EIN

    Attorney and CPA Chad D. Cummings examines South Carolina’s tax situation in this presentation. The state ranks 29th on the Tax Foundation’s 2026 State Tax Competitiveness Index and recently enacted a temporary reduction of its top individual income tax rate to 6.0 percent that expires after one year. South Carolina also maintains an uncapped capital stock tax on net worth, a split-roll property tax system that shifts a heavier burden onto businesses, and a pension system funded at only 69 percent. These structural issues continue even as incremental rate changes are made. Florida and Texas impose no state personal income tax and offer significantly more competitive environments. This presentation shows how redomestication allows South Carolina business owners to transfer their business to another state 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 South Carolina, a one-year rate cut is not a long-term solution. Learn more: https://www.cummings.law/redomestication/

    13 min

  2. 8h ago

    50 State Series: How to move your LLC or corporation out of Rhode Island and keep your EIN

    Attorney and CPA Chad D. Cummings explains Rhode Island’s ongoing tax competitiveness challenges in this presentation. The state ranks 40th on the Tax Foundation’s 2026 State Tax Competitiveness Index with below-average performance across all major categories. Rhode Island maintains a graduated individual income tax topping out at 5.99 percent with a marriage penalty, a 7.0 percent corporate income tax, an estate tax, and complex unemployment insurance rules. A proposed surcharge would push the top individual rate to 8.99 percent. These burdens create a high effective tax environment in a small state where crossing the border is easy. Florida and Texas impose no state personal income tax and offer far more competitive structures. This presentation shows how redomestication allows Rhode Island business owners to transfer a corporation or LLC 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 Rhode Island, the ranking and policy direction make a compelling case for change. Learn more: https://www.cummings.law/redomestication/

    13 min

  3. 1d ago

    50 State Series: How to move your LLC or corporation out of Pennsylvania and keep your EIN

    Attorney and CPA Chad D. Cummings explains Pennsylvania’s tax situation in this presentation. While the state is reducing its individual income tax rate to 3.07 percent and phasing down the corporate rate toward 4.99 percent, local income taxes in many municipalities, particularly Philadelphia’s high wage tax, push the combined rate significantly higher for business owners. Pennsylvania also maintains a 7.49 percent corporate income tax, limited net operating loss offsets, a low Section 179 expensing cap, an inheritance tax reaching 15 percent, and other structural burdens. Florida and Texas impose no state personal income tax and offer far more competitive environments. This presentation shows how redomestication allows Pennsylvania business owners legally to move a 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 Pennsylvania, the effective rate you actually pay may justify making the move. Learn more: https://www.cummings.law/redomestication/

    13 min

  4. 1d ago

    50 State Series: How to move your LLC or corporation out of Oregon and keep your EIN

    Attorney and CPA Chad D. Cummings explains Oregon’s dramatic decline in tax competitiveness in this presentation. The state has fallen from 8th to 35th on the Tax Foundation’s 2026 State Tax Competitiveness Index, the largest drop of any state in the country, after adding a Corporate Activity Tax on gross receipts on top of its existing corporate income tax and maintaining one of the highest combined individual income tax burdens in the nation. In Portland, the combined state and local rate reaches 13.9 percent, and the state also imposes both an estate tax with a low $1 million exemption and other complex provisions. Florida and Texas impose no state personal income tax and offer far more competitive environments. This presentation shows how redomestication allows Oregon business owners to transfer their LLC or corporation to another 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 Oregon, the trajectory of state policy makes clear why now is the time to act. Learn more: https://www.cummings.law/redomestication/

    12 min

  5. 2d ago

    50 State Series: How to move your LLC or corporation out of Oklahoma and keep your EIN

    Attorney and CPA Chad D. Cummings examines Oklahoma’s tax competitiveness in this presentation. The state ranks 19th on the Tax Foundation’s 2026 State Tax Competitiveness Index after notable reforms including permanent full expensing, repeal of the capital stock tax, and reduction of the top individual income tax rate to 4.5 percent. However, Oklahoma still imposes bracket creep through non-indexed brackets, a throwback rule on corporate income, a combined state and local sales tax rate exceeding nine percent, and other structural provisions that fall short of zero-tax environments. This presentation shows how redomestication allows Oklahoma business owners to transfer a business 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 Oklahoma, the progress is real, but the state next door offers a better outcome. Learn more: https://www.cummings.law/redomestication/

    13 min

  6. 2d ago

    50 State Series: How to move your LLC or corporation out of Ohio and keep your EIN

    Attorney and CPA Chad D. Cummings explains Ohio’s tax reality in this presentation. While the state is reducing its individual income tax rate to a competitive 2.75 percent, over six hundred municipalities impose their own local income taxes that can push the combined rate well above five percent in many areas. Ohio also relies on a Commercial Activity Tax based on gross receipts rather than profit, creating burdens that do not exist in states with no income tax. This presentation shows how redomestication allows Ohio 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 you own a business in Ohio, the headline state rate improvement is helpful, but the effective rate you actually pay may justify a better solution. Learn more: https://www.cummings.law/redomestication/

    13 min

  7. 3d ago

    50 State Series: How to move your LLC or corporation out of North Dakota and keep your EIN

    Attorney and CPA Chad D. Cummings examines North Dakota’s tax position in this presentation. The state ranks 11th on the Tax Foundation’s 2026 State Tax Competitiveness Index with one of the lowest individual income tax rates in the country at 2.5 percent. However, North Dakota’s revenue model depends heavily on volatile oil and gas severance taxes, it imposes a throwback rule on corporate income, and its pension system is funded at only 69 percent. These factors create risks that do not exist in states with no income tax. Florida and Texas impose no state personal income tax and offer more stable, competitive environments. This presentation shows how redomestication allows North Dakota business owners to transfer a 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 North Dakota, the low rate is helpful, but zero remains the better outcome. Learn more: https://www.cummings.law/redomestication/

    13 min

  8. 3d ago

    50 State Series: How to move your LLC or corporation out of North Carolina and keep your EIN

    Attorney and CPA Chad D. Cummings examines North Carolina’s strong but incomplete tax competitiveness in this presentation. The state ranks 13th on the Tax Foundation’s 2026 State Tax Competitiveness Index with the lowest corporate income tax rate in the country at 2.0 percent and a legislated path to zero by 2030. However, North Carolina still imposes a 4.25 percent individual income tax, a franchise tax on net worth, limited Section 179 expensing, and other structural provisions that fall short of the zero-tax environments in Florida and Texas. This presentation shows how redomestication allows North Carolina business owners to transfer their company to another 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 North Carolina, the progress is real, but zero remains the better number. Learn more: https://www.cummings.law/redomestication/

    12 min
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Legal, tax, financial, accounting, and estate planning concepts for business owners and their families

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