#LegalBytes: The Official Podcast of Cummings & Cummings Law

Top 3 mistakes business owners make in redomiciling out of New York


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This presentation explains the top three deadly mistakes New York companies make when they try to flee to Florida or Texas by filing redomestication, conversion, or formation documents directly with a Secretary of State without attorney review: first, relying on deceptively “simple” online forms while omitting the plan documents, consents, and sequencing that actually establish continuity and legal validity; second, triggering catastrophic federal and multistate tax consequences through misclassification, mishandled elections, basis reporting errors, EIN continuity failures, and botched final returns that invite audits, penalties, and liens; and third, exposing the owners to state-level penalties and personal liability risk by creating gaps in good standing, improper wind-down mechanics, defective disclosures, and transition formalities that feed alter ego and veil-piercing narratives while the business operates in a dangerous limbo of dual filings, dual taxation, and unenforceable contracts. Learn more: https://www.cummings.law/redomestication/

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#LegalBytes: The Official Podcast of Cummings & Cummings LawBy Cummings & Cummings Law