#LegalBytes: The Official Podcast of Cummings & Cummings Law

Attorney 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/

Attorney 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/

Attorney 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/

Yes, 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/

Attorney 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/

Attorney and CPA Chad D. Cummings examines Alaska’s unique tax situation in this presentation. While the state has no individual income tax — a major advantage shared with Florida and Texas — it imposes one of the highest corporate income tax rates in the country at 9.4 percent. Combined with heavy reliance on volatile oil and gas severance taxes and high per capita debt, Alaska’s fiscal model carries risks that many business owners overlook. This presentation compares Alaska’s structure to the far more competitive environments in Florida and Texas, where there is no personal income tax and significantly lower or nonexistent corporate-level taxes. Learn how redomestication allows you to move 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 keeping your FEIN, contracts, credit history, and bank accounts fully intact. If you own a business in Alaska, this could be the strategic move that secures long-term tax savings and stability. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings breaks down Alabama’s tax position in this eye-opening presentation. While the state ranks 37th on the Tax Foundation’s 2026 State Tax Competitiveness Index, it still imposes a graduated personal income tax up to 5 percent, a 6.5 percent corporate income tax, and one of the highest combined state and local sales tax rates in the country at 9.46 percent. Compare that to Florida and Texas, which impose no state personal income tax and offer far more competitive environments for businesses. This presentation shows exactly how these differences cost Alabama business owners tens of thousands of dollars annually and why redomestication to Florida or Texas is often the smarter long-term move. Learn how to transfer your company’s domicile without dissolving the entity, without creating a new company, and on a completely tax-free basis while keeping your FEIN, contracts, credit history, and bank accounts fully intact. If you own a business in Alabama, this could be the strategic decision that puts real money back in your pocket every year. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings explains the single most important document in any redomestication: the Plan of Conversion. Most business owners, CPAs, and even many attorneys have never heard of it, yet without this custom legal instrument, your filings with the Secretary of State may have no legal effect, the transaction can fail, and you risk turning a tax-free move into an expensive mess. This presentation shows exactly what the Plan of Conversion does, why it is required by law in both the origin and destination states, how it preserves your FEIN, contracts, credit history, and bank accounts, and why skipping it is one of the most common and costly mistakes in the process. Online filing services and generic templates cannot prepare a proper Plan of Conversion because it requires the exercise of professional legal judgment. Our firm prepares a custom Plan of Conversion for every engagement, and we have successfully completed hundreds of them. If you are considering moving your company to Florida or Texas, this presentation will show you why working with a licensed attorney who understands this document is essential. Learn more: https://www.cummings.law/redomestication/

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/

Attorney and CPA Chad D. Cummings explains the real limitations of the newly raised SALT deduction cap in this presentation. While headlines tout an increase from $10,000 to $40,000, the full benefit phases out above $500,000 in modified adjusted gross income and reverts entirely to the old $10,000 cap at $600,000. The change is also temporary, expiring after tax year 2029, and high earners in the 37% federal bracket face an additional 35-cent cap on the value of itemized deductions starting in 2026. For business owners with significant pass-through income, this means little to no additional relief on the heavy state and local taxes they already pay. This presentation shows why the SALT adjustment does not solve the core problem for high earners and how redomestication to Florida or Texas removes state income tax exposure entirely. Learn how to transfer your company’s domicile without creating a new entity, without dissolution, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. Learn more: https://www.cummings.law/redomestication/