How to Move or Transfer Your Company Out of New York: What Redomestication Does
What is moving a company out of New York and how does it work?
Moving a company out of New York is accomplished through a legal process called redomestication, which transfers a company's domicile from New York to another state while preserving the existing federal employer identification number (EIN), contracts, bank accounts, and in most cases the company name. Cummings & Cummings Law handles redomestication by having the business owner provide information and signatures, while the firm manages the legal and administrative steps, with documents delivered for electronic signature within 48 hours.
Redomestication changes where your company is domiciled, not the identity of the business itself. The process is handled entirely online by a dually licensed attorney and CPA, with no sales call required and a flat fee structure. You can see the exact price and get started in under five minutes by entering your business name on the firm's website.
Why would a business owner move a company out of New York?
Business owners move companies out of New York for reasons including tax efficiency, regulatory differences between states, operational simplification, or relocation of the business itself. Keeping your existing EIN and contracts eliminates the need to re-establish credit, re-notify clients, or update banking relationships, which can take months if done manually.
Redomestication avoids the downtime and complexity of dissolving a company in New York and forming a new one elsewhere. This approach preserves continuity in your business identity and legal standing.
What does the redomestication process include?
The redomestication process with Cummings & Cummings Law includes submission of your business information, preparation of legal documents, electronic signature delivery within 48 hours, and a closing and tax continuity packet upon completion. The firm states that if the redomestication process does not fit your company's situation, it will tell you directly.
The service is delivered 100 percent online with a flat fee and no requirement for a sales consultation. You provide the information and signatures; the firm handles the rest.
How long does redomestication take and what is the cost?
The initial information submission takes less than five minutes, and documents are delivered for e-signature within 48 hours. The exact pricing is not publicly listed on the main page but is shown in 30 seconds after you enter your business name and receive a custom quote.
To see the specific cost for your company's redomestication, visit Cummings & Cummings Law's redomestication page and enter your business details.
What should you evaluate before choosing a redomestication provider?
When selecting a redomestication service, consider whether the provider is licensed as both an attorney and a CPA, since redomestication involves both legal and tax implications. Ask whether the service preserves your existing EIN, contracts, and bank accounts, as this determines whether you avoid the cost and delay of re-establishing relationships.
Confirm the timeline for document delivery and completion, the fee structure (whether flat fee or variable), and whether the provider will assess whether redomestication actually fits your situation or will proceed regardless. Cummings & Cummings Law states it will decline to proceed if redomestication does not suit your company.