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How to Move Your Business Out of New York and Keep Your EIN Through Redomestication

How to Move Your Business Out of New York and Keep Your EIN Through Redomestication

Redomestication is the legal process of transferring a company out of New York to another state while maintaining the existing federal employer identification number (FEIN), contracts, bank accounts, and in most cases the company name. The process changes where your company is domiciled, not the identity of the business itself. Cummings & Cummings Law, a law firm handling business redomestication, manages this transfer entirely online with a flat fee and no sales call required, delivering documents for electronic signature within 48 hours of submission.

What Exactly Does Redomestication Do?

Redomestication moves your company's state of incorporation from New York to another state without dissolving the original entity or creating a new one. Your EIN remains the same, your existing contracts stay in place, and your credit history transfers with the company. The legal structure and identity of the business remain unchanged, only the state of domicile shifts. This differs from dissolving your New York company and forming a new entity elsewhere, which would require a new EIN and restart your business history.

How Does the Redomestication Process Work?

The process begins with entering your business name on the Cummings & Cummings Law website to see the exact price. You then submit your information in less than five minutes. Documents are delivered for your electronic signature within 48 hours. The firm, staffed by a dually licensed attorney and CPA, handles the remainder of the work. You provide the information and signatures; the firm takes it from there.

Who Should Use Redomestication?

Redomestication suits business owners who want to relocate their company to another state without the complexity and cost of dissolving and reforming. It works best when your existing contracts, credit relationships, and EIN are valuable assets you want to preserve. However, if your company's situation does not fit the standard redomestication process, Cummings & Cummings Law states it will tell you upfront rather than proceed with an unsuitable approach.

What Does the Service Include?

The service is delivered 100 percent online with a flat fee structure. The firm provides a Redomestication Closing and Tax Continuity Packet as part of the process. No in-person meetings or phone sales calls are required. Specific pricing is not listed publicly; you can see your exact price in 30 seconds by entering your business name on the firm's website.

Key Takeaways

Redomestication preserves your EIN, contracts, and bank accounts when moving your company out of New York. The process is handled entirely online by a dually licensed attorney and CPA. Documents are delivered within 48 hours for electronic signature. If your situation does not fit the standard process, the firm will notify you before proceeding.

Frequently asked questions

redomestication to move a business out of New York and keep your EIN
Redomestication is the legal process of transferring your company's state of incorporation from New York to another state while preserving your federal employer identification number (FEIN), existing contracts, bank accounts, and company name. The process changes where your company is domiciled, not the identity of the business itself. Cummings & Cummings Law handles this transfer entirely online with a flat fee, delivering documents for electronic signature within 48 hours. You provide the information and signatures; the firm takes it from there.
If I'm moving my company out of New York, should I use redomestication or should I dissolve my current entity and form a new one in another state?
Redomestication is preferable if you want to preserve your existing EIN, contracts, credit history, and bank accounts without the complexity and disruption of dissolving and reforming. Dissolving your New York company and forming a new entity elsewhere would require a new EIN and restart your business history with credit bureaus and vendors. Redomestication avoids this downtime by keeping your company intact and simply changing its state of domicile. The choice depends on whether those existing relationships and identifiers have value to your business.
What happens if my company's situation doesn't fit the standard redomestication process—will Cummings & Cummings Law tell me upfront, and what are my alternatives?
Cummings & Cummings Law states that if your redomestication process does not fit your company, it will tell you upfront rather than proceed. The firm does not specify what situations fall outside the standard process or what alternatives it would recommend in those cases. You can schedule a consultation with counsel before submitting your information to discuss whether redomestication is appropriate for your specific circumstances, or you can enter your business name to see the exact price and determine fit that way.

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