How to transfer my company out of New York

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The Redomestication Process in a Nutshell

1. Enter your biz name HERE.

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24-48 hours

2. We prepare the legal docs.

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3. We submit the legal filings to the states.

We monitor the status closely, respond to inquiries from their offices, and send you weekly updates.

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1-3 months

4. Approved! ✅

We send you a checklist of go-forward obligations and simple steps for your tax pro to follow.

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Did you know? The average business that moves to a state without state-level income tax saves over $12,500 in taxes per year.

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Redomestication, also known as redomiciling, refers to the lesser-known legal process of transferring or moving the "home state" of an existing Corporation, partnership, or LLC, from New York to a new state. It means keeping your existing company name, credit, and federal employer identification number (FEIN) without wasting time and money creating a new business entity, applying for foreign registration, or moving assets between companies.
— Prof. Chad D. Cummings, Esq., CPA

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How to transfer a company out of New York without disrupting operations

When executives ask, in substance, how to transfer their company out of New York, they are often searching for a lawful method to change the entity’s “home state” without breaking contracts, triggering avoidable tax consequences, or forcing a rebrand. From a legal and accounting perspective, the primary objective is continuity: the business should remain the same enterprise before, during, and after the move, with minimal operational interruption.

The most direct solution, as described on our redomestication page, is statutory conversion (referred to as redomestication). For organizations that have truly relocated operations and intend to exit New York’s ongoing compliance footprint, redomestication is designed to preserve what matters most: existing contractual relationships, the federal employer identification number (FEIN), and, in most cases, the company’s name. To begin the process promptly, review how to transfer your company out of New York through redomestication and confirm that your entity type and destination state are appropriate for conversion.

Why business owners seek guidance on how to transfer their company out of New York

In practice, the phrase how to transfer my company out of New York typically reflects three concerns: (i) reducing exposure to New York’s tax environment, (ii) simplifying legal and administrative obligations, and (iii) positioning the enterprise in a jurisdiction better aligned with long-term growth. While every company’s facts differ, it is common for owners to conclude that the costs—financial and managerial—of maintaining a New York “home state” no longer match the benefits.

From the legal side, the choice of domicile affects which state’s corporate statute governs internal affairs, what filings must be maintained, and what remedies may be available in disputes. From the accounting side, domicile interacts with state-level compliance and the practical burden of maintaining registrations and annual requirements. Redomestication addresses these concerns by enabling a clean change of domicile, rather than layering a second state onto the first.

For companies ready to proceed in a structured manner, the most efficient starting point is to consult how to transfer a company out of New York while preserving the same legal entity, including the sequence of filings and the documentation required to keep the transition orderly.

Redomestication as the preferred answer to “how do I transfer my company out of New York?”

When properly executed, redomestication is not a workaround; it is a statutory mechanism intended to change the company’s jurisdiction of formation without creating a new operating entity. In other words, for owners evaluating how to transfer a company out of New York, redomestication is specifically built to deliver continuity. That continuity is not merely theoretical: it is the practical ability to keep day-to-day business functioning while the legal domicile changes.

Critically, redomestication is superior to strategies that unintentionally place a company into “two-state mode” (New York plus the new state) or require the business to restart administrative life under a brand-new entity. By contrast, redomestication is oriented toward preserving the enterprise’s identity—its FEIN, its contracts, and its commercial history—without forcing counterparties, banks, and vendors to treat the company as a newly formed business.

To evaluate whether redomestication is the best fit for your facts, review how to transfer your company out of New York using the redomestication process and compare it against foreign qualification and merger-based solutions.

Contract continuity: a decisive factor in transferring a company out of New York

A frequent misconception is that “moving the company” necessarily means creating a new entity and then assigning contracts to it. That assumption is legally risky. Many commercial agreements contain anti-assignment clauses, consent requirements, change-of-control provisions, or termination rights triggered by restructuring. Consequently, when owners ask how to transfer my company out of New York, the correct response must address contract continuity rather than merely filing mechanics.

Redomestication is valuable precisely because it is designed to maintain the existing entity instead of replacing it. As a result, the company is generally positioned to continue operating under the same contractual framework, avoiding an avoidable round of contract amendments, counterparty consents, and operational delays. For example, businesses with vendor master service agreements, software licenses, or long-term customer contracts often find that a “new entity” approach creates immediate friction that redomestication helps avoid.

Where contract portfolios are extensive, continuity is not a convenience; it is a core risk-control measure. For a clear roadmap, consult how to transfer a company out of New York without re-papering your contracts and align the legal transition with your operational calendar.

Preserving the FEIN and business identity when transferring a company out of New York

As a CPA and attorney, I view the FEIN as more than a number; it is a linchpin for payroll systems, banking, tax reporting, vendor onboarding, and internal accounting controls. Therefore, anyone researching how to transfer their company out of New York should prioritize methods that avoid unnecessary disruptions to the company’s federal identity. Redomestication is positioned to preserve the existing FEIN, which materially reduces administrative burden and the risk of downstream errors.

Business identity also includes credit history and commercial reputation. In many industries, counterparties and lenders look to the entity’s historical performance, not simply the owner’s intentions. A method that effectively forces the organization to “start over” can undermine a carefully built track record. Redomestication, by preserving continuity, helps maintain the credibility that the company has earned over time.

For organizations concerned about avoiding operational whiplash, review how to transfer your company out of New York while keeping your FEIN and incorporate the resulting checklist into your accounting and payroll timeline.

Common procedural mistakes when business owners attempt to transfer out of New York

The most expensive errors tend to arise when owners treat the question how to transfer my company out of New York as a simple “file-and-forget” task. In reality, the legal move must be synchronized with governance documents (operating agreements, bylaws, shareholder agreements), stakeholder approvals, and the company’s broader compliance posture. Skipping these steps can create internal authority problems, third-party disputes, and documentation gaps that surface during financing, due diligence, or litigation.

Another recurring mistake is relying on foreign registration as a substitute for changing domicile. Foreign registration may allow a company to operate in a new state, but it commonly preserves New York as the home state—meaning the company remains tethered to New York’s ongoing renewal and compliance framework. Owners then discover that they did not actually “exit” New York; they merely added another jurisdiction on top of it, increasing complexity rather than reducing it.

The prudent approach is to follow a redomestication-specific plan, including properly drafted filings and a coordinated post-approval compliance checklist. The process is explained in detail at how to transfer a company out of New York via redomestication, which is structured to minimize rework and avoid preventable delays.

Conclusion: the most reliable way to transfer a company out of New York is a continuity-first strategy

For serious operators, the real question is not merely how to transfer my company out of New York, but how to do so while protecting business continuity, contractual stability, and administrative efficiency. Redomestication is compelling because it is engineered to preserve the enterprise as the same legal and tax identity, rather than forcing an artificial restart through new formation, asset transfers, or complicated mergers.

Equally important, redomestication helps avoid the false economy of shortcuts. Dissolution and re-formation can appear simple until contracts, banking, licensing, and tax administration collide. Foreign registration can appear prudent until the company realizes it has merely accepted a second layer of filings and renewals. In contrast, redomestication is purpose-built to achieve the primary business goal: relocating the entity’s home state while keeping the company’s operational spine intact.

To proceed with a clear, compliant plan, use how to transfer your company out of New York through redomestication as your next step and begin the process with appropriate legal and procedural safeguards.

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Domestication vs. Foreign Registration vs. Merger vs. Dissolution: A Comparison

Domestication is, in many circumstances, far preferable to registering an LLC or corporation as a foreign entity, especially where the LLC or corporation has permanently moved its operations and will not be returning to the prior state in the near future.

Some attorneys, unfortunately, confuse their clients by recommending a foreign entity registration in the new state, or worse, a merger, where a redomestication™ would have accomplished the goals of moving their business to a new state efficiently and effectively.

The top seven benefits of moving your company (LLC, corporation, or partnership) to a new state via redomestication™ to transfer your business include:

1. Maintaining your existing federal employer identification number, eliminating the tax headaches of forming a new company or transferring assets between companies (and inadvertently triggering a hefty tax bill from the IRS) when you move your business to a new state;
2. Keeping your existing business credit history and track record, safeguarding your reputation with clients, vendors, and creditors when moving your LLC or corporation to a new state;
3. Continuing your existing business name (in almost every case), protecting your most important assets when moving your company to a new state: your brand, reputation, and time you have already invested in search engine optimization;
4. Maintaining your existing contracts with customers and vendors because moving your business to a new state via redomestication™ does not create a new company: it maintains your existing company, saving you dozens (or even hundreds) of hours re-writing (and re-negotiating) contracts and changing banks;
5. Eliminating the need to continue paying registration fees and taxes in your prior state (assuming you have discontinued your operations there and have permanently relocated to a new state), potentially saving you tens of thousands of dollars (or more) in state taxes every quarter when you move your business to a new state;
6. Avoiding unnecessary IRS scrutiny because moving your LLC or corporation to a new state via redomestication™ is a tax-free transaction under the Internal Revenue Code; and
7. Reducing the amount of time you spend on administrative filings, saving you untold hours annually, by moving your company to a new state.

Before taking the "penny wise and pound foolish" approach of foreign entity registration or spending countless hours and exorbitant legal fees (and possibly taxes) on a merger or merger-gone-wrong to move your company to a new state, ensure you understand your options.

In most circumstances, redomestication™ (and not a foreign entity registration or costly and complicated merger) is the best route to achieve a change in company domicile to a new state.

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