#LegalBytes: The Official Podcast of Cummings & Cummings Law

In this presentation, I will provide you with an overview of the federal requirements of a Qualified Domestic Relations Order (QDRO).  I will also share with a list of common hidden risks of a QDRO including the need for the document to address timing of the alternate payee distribution, whether the post-division alternate payee award should include investment, discussion of account award in the event of the death of either the participant or the alternate payee, as well as a deep dive on pension plan specific issues. Learn more: https://www.cummings.law/qdro/

In this presentation, attorney and CPA Chad D. Cummings examines the dramatic outflow of wealth from Massachusetts following the enactment of the 4% "millionaires tax" surtax. According to IRS migration data analyzed by the Pioneer Institute, $4.18 billion in adjusted gross income left the state in a single year—more than the previous year despite fewer people departing. The outmigrants carried exceptionally high average incomes, with the largest losses coming from high-earning professionals and business owners in the 26–35 and pre-retirement age groups. Chad explains how this "millionaires tax" has raised the effective top rate to 9% on income over $1 million, adding $40,000 per year in state taxes on a $2 million pass-through business income stream. He breaks down why redomestication is the smartest and cleanest way for Massachusetts business owners to move their existing LLC, corporation, or partnership to a no-income-tax state like Florida or Texas without dissolving the company, without forming a new entity, without losing their FEIN, and without triggering federal taxes. Avoid the pitfalls of dissolution or foreign entity registration. If you're a Massachusetts business owner concerned about rising taxes and lost economic opportunity, this presentation shows you exactly how to protect your company and your income. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings explains why Delaware is losing its long-held dominance as the preferred state for corporate incorporation. Once chosen for the predictability of its Court of Chancery and the business judgment rule, Delaware’s legal environment has become increasingly unpredictable, as highlighted by the high-profile Tornetta v. Musk ruling and growing concerns from corporate leaders and small business advocates. Major companies are now reincorporating in Texas and Florida, where specialized business courts, stronger protections against speculative litigation, and favorable tax structures offer greater certainty and lower costs. Chad breaks down the real risks of staying in Delaware—including rising litigation, higher D&O insurance premiums, and unnecessary dual-state compliance burdens—and shows why redomestication is the easiest and most tax-efficient way to move your existing LLC or corporation out of Delaware without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. If your company is still incorporated in Delaware but operating elsewhere, this presentation reveals why the old advice no longer makes sense and how to take advantage of better options available today. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings breaks down why so many businesses are leaving California. A February 2026 report reveals that California’s regulations contain 3,737 restrictive constraints—far more burdensome than most states—contributing to the state’s lowest business start rate in the nation. Layered on top of this heavy regulation is one of the highest tax burdens in the country: a 13.3% top marginal income tax rate (14.4% when including the payroll tax), plus an $800 annual franchise tax on every LLC regardless of revenue. Chad explains how these combined pressures are driving headquarters relocations and job losses, with major companies like Tesla, Chevron, Palantir, Oracle, and Public Storage all exiting the state. Most importantly, he shows why redomestication is the easiest and smartest way to move your existing LLC, corporation, or partnership out of California without dissolving the company, without forming a new entity, without losing your FEIN, and without triggering federal taxes. Avoid the costly mistakes of dissolution or foreign entity registration. If you're a California business owner considering a move to a lower-tax, lower-regulation state, this presentation gives you the clear path forward. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings explains why the choice of where your company is domiciled can cost or save you tens of thousands of dollars every year. Eight states—Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Wyoming, and New Hampshire—impose no individual income tax at all. For owners of pass-through entities like LLCs, S corporations, and partnerships, this means your business income could be taxed at 0% instead of up to 13.3% in California or over 10% in New York and New Jersey. While many states are actively cutting income taxes, a few are moving in the opposite direction with higher rates and new wealth taxes. Chad breaks down the massive tax savings available and why redomestication is the easiest, cleanest, and most tax-efficient way to move your existing company to a no-income-tax state without dissolving it, without forming a new entity, without losing your FEIN, and without triggering federal taxes. Avoid the costly mistakes of dissolution, foreign registration, or mergers. If you're a business owner tired of paying high state taxes, this presentation shows you exactly how to protect your income and act before rates rise further. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings examines the accelerating migration of major companies and billionaires away from high-tax states like California and New York. From Palantir moving its headquarters to Miami, to ExxonMobil reincorporating in Texas, SpaceX and Tesla relocating to Texas, Oracle heading to Nashville, and numerous billionaires choosing Florida and other low-tax states, a clear pattern has emerged. These high-profile moves are driven by rising taxes, regulatory burdens, and the search for better business environments in Florida, Texas, Tennessee, and Georgia. Chad explains why simply dissolving your company or registering as a foreign entity is a costly mistake, and how redomestication allows you to move an existing company to a new state without losing your FEIN, without triggering federal taxes, and without disrupting contracts, bank accounts, or operations. If you're a business owner considering a move to escape increasing tax burdens, this presentation shows you the smartest and easiest legal path forward. Learn more: https://www.cummings.law/redomestication/

In this presentation, attorney and CPA Chad D. Cummings reveals why Florida has become the top destination for businesses in America. With nearly 700,000 new businesses formed in 2025 and over 67,000 filings in January 2026 alone, Florida leads the nation in business relocations and economic growth. Discover the powerful advantages — no state income tax, no inheritance tax, lower operating costs, and a business-friendly environment — that are attracting companies from across the country. Most importantly, learn why redomestication is the easiest and smartest way to move your existing company to Florida without dissolving it, without forming a new entity, without losing your FEIN, and without triggering federal taxes. Avoid the costly mistakes of dissolution, foreign registration, or mergers. If you're considering relocating your business to Florida, this presentation shows you exactly how to do it right. Learn more: https://www.cummings.law/redomestication/

In this presentation, I will explain how cash balance plans for profitable professional practices and closely held businesses can be integrated with 401(k) plans to allow employers to fund a greater annual retirement benefit for employee and reduce taxable income for the organization. I will also explain how a cash balance plan is an addition to a 401(k) plan, not a replacement to ensure maximum retirement funding for plan participants. Learn more: https://www.cummings.law/cb/

In this presentation, attorney and CPA Chad D. Cummings breaks down a report of the accelerating corporate exodus from high-tax states like New York and California. With 561 companies relocating headquarters since 2018, Texas alone captured 100 moves while the San Francisco Bay Area suffered a net loss of 156. Discover why businesses are choosing lower taxes, reduced costs, and stronger growth in Texas and Florida, and why iconic New York brands are now exploring relocation options. Learn the critical differences between redomestication, foreign entity registration, mergers, and dissolution—and why redomestication is the easiest, cleanest, and most tax-efficient way to move your company to a new state without disrupting operations, losing your FEIN, or triggering taxes. If you're a business owner concerned about rising tax proposals in New York and California, this presentation shows you exactly how to protect your company and act before it's too late. Learn more: https://www.cummings.law/redomestication/

In this presentation, Chad D. Cummings, CPA, Esq. breaks down the New York Post report and Steve Fulop’s warning on 77 WABC Radio that several major companies—including iconic New York City brands with over a century of history—are actively exploring relocation to Florida and Texas due to Mayor Zohran Mamdani’s aggressive tax agenda. He examines the proposed corporate tax increases that would raise the top rate from 7.25% to 11.5%, with targeted hikes for financial firms and potential property tax surges, along with the second- and third-order effects on jobs, talent, and tax revenue already underway. Most importantly, he explains the cleanest and most effective solution: redomestication, the non-taxable legal process that allows an existing LLC, corporation, or partnership to transfer its legal domicile to Florida or Texas without dissolving the company, without obtaining a new FEIN, and without disrupting contracts, bank accounts, or operations, while avoiding the serious pitfalls of foreign qualification, mergers, or dissolution. This is essential review for New York business owners, executives, and advisors who want to act before these tax proposals become law. Learn more: https://www.cummings.law/redomestication/