How to Move Your Business Out of California While Keeping Your EIN and Contracts

What is redomestication and how does it move a business out of California?
Redomestication is the legal process of transferring a company out of California 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 handles redomestication through an online process completed by a dually licensed attorney and CPA, with documents delivered for electronic signature within 48 hours.
What stays the same when you redomesticate?
When you redomesticate, your company retains its existing contracts, credit history, and federal employer identification number. There is no downtime during the transition. Your bank accounts and business relationships continue without interruption because redomestication does not transform the company into a new entity, it simply changes the state of domicile.
How long does the redomestication process take?
The initial information submission takes less than five minutes to complete online. Once you submit your business details, documents are delivered for your electronic signature within 48 hours. The full timeline from start to completion is not specified on the page, so you can contact the firm directly for a specific timeline for your situation.
What documents and information do you need to provide?
You provide the information and signatures required for the redomestication, while the attorney and CPA handle the remaining work. The specific documents needed are not detailed on the page. You can enter your business name on the firm's page to see the exact price in 30 seconds, then submit your full information in less than five minutes to receive your closing and tax continuity packet.
How much does redomestication cost?
The service is offered on a flat-fee basis with no sales call required. The exact price is not publicly listed on the page but is generated after you submit your business name and information. You can view the exact price and get started on Cummings & Cummings Law's redomestication page, or schedule a consultation if you prefer to speak with counsel first.
Who should consider redomestication?
Redomestication suits business owners who want to relocate their company's legal domicile to another state without disrupting existing relationships, contracts, or tax identification. The firm notes that if their redomestication process does not fit your company, they will tell you, meaning not every business situation qualifies for this approach.