#LegalBytes: The Official Podcast of Cummings & Cummings Law

Attorney and CPA Chad D. Cummings presents this powerful presentation featuring billionaire Stephen Ross, CEO of Related Ross and owner of the Miami Dolphins, declaring that South Florida's corporate relocation wave is still in the "first inning." Ross highlights major moves including ServiceNow's 200,000 square foot second headquarters, Wells Fargo's wealth management division, Cleveland Clinic Florida, and Vanderbilt University in West Palm Beach, along with his $10 million commitment with Ken Griffin to recruit more companies. This presentation breaks down the IRS migration data showing Florida gaining over 55,000 high earning residents and $20.6 billion in adjusted gross income while high tax states like California, New York, Illinois, New Jersey, and Maryland continue to lose billions. Learn why Florida's zero state income tax, pro business environment, and strategic advantages are attracting top companies and talent, and discover how redomestication enables business owners in high tax states to legally move their company to Florida or Texas without creating a new entity, without dissolution, and on a tax free basis while keeping their FEIN, contracts, credit history, and bank accounts intact. If you own a business in a high tax state, this is your opportunity to secure major tax savings and position your company for the biggest economic shift in decades. Learn more: https://www.cummings.law/redomestication/

Attorney and CPA Chad D. Cummings presents this powerful presentation exposing how Maryland Governor Wes Moore's repeated promise to "leave no one behind" has failed the state's small business owners. From seventh generation farmers buried in overregulation to cafe owners facing skyrocketing electric bills and declining customers to Chesapeake Bay charter captains abandoned by state leadership, Maryland businesses are struggling under the weight of the state's largest tax and fee increase in history, a median property tax bill of $4,144, and combined state and local income tax rates exceeding 8 percent for many owners. This presentation reveals the ongoing exodus of residents and businesses to Florida and Texas, where property taxes are lower and there is no state income tax, along with strong asset protection and pro business policies. Learn how redomestication allows Maryland business owners to legally transfer their company's domicile to Florida or Texas without creating a new entity, without dissolution, and without triggering federal taxes while preserving their FEIN, contracts, credit history, and bank accounts. If you are a Maryland business owner ready to escape high taxes and burdensome regulations, this presentation shows you the proven path forward. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings highlights the crushing reality of property taxes across America. According to the latest U.S. Census Bureau data analyzed by Visual Capitalist, New Jersey residents pay a median of $9,358 per year in property taxes—the highest in the nation—followed closely by New York, California, and other high-tax states. In stark contrast, Florida’s median property tax bill is just $3,000, with no state income tax, no estate tax, and strong asset protection laws. Chad explains how these combined burdens are forcing seniors to keep working and making it increasingly difficult for business owners to build and preserve wealth. He then demonstrates why redomestication is the smartest solution—allowing you to move your existing LLC, corporation, or partnership to a low-tax state like Florida or Texas without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business and are tired of paying some of the highest property and income taxes in the country, this presentation shows you exactly how to reduce your total tax load and secure a better financial future. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings analyzes the latest IRS migration data for 2022–2023, which shows a continued and accelerating flight of wealth and talent from high-tax states. Florida gained a net $20.6 billion in adjusted gross income, Texas gained $5.5 billion, while California lost $11.9 billion, New York lost $9.9 billion, and Illinois lost $6 billion. The people leaving high-tax states are disproportionately high earners and business owners, taking substantial income and economic activity with them. Chad explains why this trend is unlikely to reverse and how business owners can protect themselves by moving their companies as well. He details why redomestication is the cleanest, most tax-efficient way to transfer your existing LLC, corporation, or partnership to a low-tax state like Florida or Texas—without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business in a high-tax state and want to stop funding policies that drive people and capital away, this presentation gives you the data and the practical solution. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings breaks down the alarming exodus of businesses from New York City. According to the Economic Development Corporation, New York City lost nearly 5,000 businesses in a single year, with the second quarter of 2025 alone seeing a net loss of over 8,000 employers—numbers comparable to the worst days of the COVID-19 pandemic. High taxes, crushing regulations, and skyrocketing commercial rents are driving companies out of the state and into lower-cost, business-friendly states like Florida and Texas. Chad explains why simply moving yourself is not enough and shows how redomestication is the smartest, cleanest, and most tax-efficient way to move your existing LLC, corporation, or partnership out of New York without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business in New York and are tired of rising costs and complexity, this presentation gives you the data and the practical legal solution to protect your company and secure a better future. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings analyzes the latest escalation in California’s tax policies: the proposed 5% Billionaire Wealth Tax has gathered enough signatures to qualify for the ballot. Tech giants and billionaires including Sergey Brin (who spent $57 million fighting it), Larry Page, Mark Zuckerberg, and Peter Thiel are actively relocating both their personal residences and their companies out of California. Chad explains why this development signals increasing risk for all California business owners—not just billionaires—and why simply moving yourself while leaving your LLC, corporation, or partnership domiciled in California is no longer sufficient. He demonstrates why redomestication is the cleanest, most effective, and tax-efficient solution, allowing you to move your existing business entity to a lower-tax state like Florida or Texas without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business in California, this presentation gives you the critical context and the practical legal path forward before the tax environment becomes even more hostile. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings examines California’s continuing population crisis. According to The Malibu Times and U-Haul data, California recorded a net loss of 216,000 residents in 2025—marking the sixth consecutive year of record outbound migration. High taxes, skyrocketing housing costs, insurance premiums, and quality-of-life challenges are driving tens of thousands of individuals and families out of the state each year, with Arizona, Nevada, and Texas as top destinations. Chad explains why simply moving yourself is no longer enough: if your LLC, corporation, or partnership remains domiciled in California, you continue paying California taxes and complying with its regulations. He demonstrates why redomestication is the smartest, cleanest, and most tax-efficient solution—allowing you to move your existing business entity to a lower-tax state like Florida or Texas without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business in California and are considering a move, this presentation gives you the critical data and the practical legal path forward. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings breaks down the Tax Foundation’s 2026 State Tax Competitiveness Index, which ranks Florida #5 and Texas #7—while New York sits dead last at #50, New Jersey at #49, and California at #48. The data shows a clear and widening divide: low-tax states are creating far more favorable environments for businesses and individuals, while high-tax states continue to impose significantly higher burdens. Chad explains how these rankings translate into real dollars for business owners, especially those operating pass-through entities, and why simply moving personally while leaving your company behind is no longer enough. He details why redomestication is the most efficient and tax-efficient solution—allowing you to move your existing LLC, corporation, or partnership to a top-tier low-tax state without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you’re a business owner tired of operating in one of the worst tax environments in the country, this presentation gives you the data and the clear path forward. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings reveals a troubling trend confirmed by Realtor.com’s April 8, 2026 report: the share of Americans aged 65 and older who are still working has surged, especially in high-cost states. In the Northeast, 21% of seniors remain in the workforce—with New Hampshire reaching nearly 24%—largely because skyrocketing home prices, property taxes, and living expenses have made traditional retirement unaffordable. By contrast, in Florida only 17.2% of seniors are still working. Chad explains how the absence of state income tax, estate tax, and inheritance tax in Florida creates a dramatically better retirement environment, and why business owners with pass-through entities stand to save tens or hundreds of thousands of dollars by relocating. Most importantly, he shows why redomestication is the cleanest and most effective way to move your existing LLC, corporation, or partnership to Florida (or another low-tax state) without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you're a business owner approaching retirement age and concerned about high taxes and living costs, this presentation offers both the data and the practical solution. Learn about redomestication: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings examines the growing divergence in state corporate income tax rates and what it means for business owners. According to the Tax Foundation’s January 2026 analysis, top corporate rates now range from North Carolina’s low 2.0% (heading toward zero) all the way up to New Jersey’s 11.5%. While 13 states have rates at or below 5% and two states (South Dakota and Wyoming) impose no corporate income tax at all, several high-tax states continue pushing rates higher. Chad explains how these disparities affect both C corporations and pass-through entities, and why leaving your company domiciled in a high-tax state is becoming increasingly expensive. Most importantly, he shows why redomestication is the cleanest, most tax-efficient way to move your existing LLC, corporation, or partnership to a lower-tax state without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If you own a business and want to reduce your corporate tax burden while protecting what you’ve built, this presentation delivers the data and the practical solution. Learn more: https://www.cummings.law/redomestication/