The content on this page is general in nature and is not legal advice because legal advice, by definition, must be specific to a particular set of facts and circumstances. No person should rely, act, or refrain from acting based upon the content of this blog post.
“Election cycles have always influenced business migration patterns, but this year’s results created a perfect storm,” said Cummings. “Between tax policy uncertainty, growing administrative costs, and ideological polarization, entrepreneurs are voting with their feet—and their Articles of Conversion.”
The firm’s internal data shows a 225% increase in redomestication inquiries in the two weeks following the election, with many business owners citing fears of new surtaxes, regulatory expansion, and potential capital gains reclassification. A disproportionate share of inquiries originate from professional service firms, closely held S corporations, and family investment entities previously domiciled in Manhattan, Northern Virginia, and Fairfax County.
Redomestication—the legal transfer of a business’s home jurisdiction from one state to another while preserving its EIN, contracts, and credit history—has become an increasingly attractive tool for owners seeking continuity without dissolution or merger. Florida and Texas offer structural advantages: zero personal income tax, minimal corporate compliance costs, and statutes expressly allowing inbound conversions.
Cummings emphasized that businesses must proceed cautiously. “Every conversion must be properly sequenced to avoid inadvertent dissolution or IRS recognition events. A single misfiled instrument can erase years of corporate history,” he noted.
As political and fiscal uncertainty mounts in high-tax jurisdictions, Cummings & Cummings Law anticipates the migration trend will intensify through 2026. The firm continues to assist corporations, LLCs, and partnerships nationwide in executing seamless, tax-efficient redomestications to Florida and Texas.
Media Contact:
Chad D. Cummings
Cummings & Cummings Law
chad@cummings.law | (239) 682-9925
www.cummings.law
SOURCE Cummings & Cummings Law
Next Steps
Please use the button below to set up a meeting if you wish to discuss this matter. When addressing legal and tax matters, timing is critical; therefore, if you need assistance, it is important that you retain the services of a competent attorney as soon as possible. Should you choose to contact me, we will begin with an introductory conference—via phone—to discuss your situation. Then, should you choose to retain my services, I will prepare and deliver to you for your approval a formal representation agreement. Unless and until I receive the signed representation agreement returned by you, my firm will not have accepted any responsibility for your legal needs and will perform no work on your behalf. Please contact me today to get started.
As the expression goes, if you think hiring a professional is expensive, wait until you hire an amateur. Do not make the costly mistake of hiring an offshore, fly-by-night, and possibly illegal online “service” to handle your legal needs. Where will they be when something goes wrong? . . . Hire an experienced attorney and CPA, knowing you are working with a credentialed professional with a brick-and-mortar office.
— Prof. Chad D. Cummings, CPA, Esq. (emphasis added)
Attorney and CPA
/Meet Chad D. Cummings
I am an attorney and Certified Public Accountant serving clients throughout Florida and Texas.
Previously, I served in operations and finance with the world’s largest accounting firm (PricewaterhouseCoopers), airline (American Airlines), and bank (JPMorgan Chase & Co.). I have also created and advised a variety of start-up ventures.
I am a member of The Florida Bar and the State Bar of Texas, and I hold active CPA licensure in both of those jurisdictions.
I also hold undergraduate (B.B.A.) and graduate (M.S.) degrees in accounting and taxation, respectively, from one of the premier universities in Texas. I earned my Juris Doctor (J.D.) and Master of Laws (LL.M.) degrees from Florida law schools. I also hold a variety of other accounting, tax, and finance credentials which I apply in my law practice for the benefit of my clients.
My practice emphasizes, but is not limited to, the law as it intersects businesses and their owners. Clients appreciate the confluence of my business acumen from my career before law, my technical accounting and financial knowledge, and the legal insights and expertise I wield as an attorney. I live and work in Naples, Florida and represent clients throughout the great states of Florida and Texas.
If I can be of assistance, please click here to set up a meeting.
