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How to Move Your Company Out of New York While Keeping Your EIN and Contracts

By the Astrarow editorial team
November 1, 2026

Moving a company out of New York while preserving its legal identity, federal employer identification number (EIN), existing contracts, and credit history is possible through redomestication, the legal process of changing a company's state of domicile without dissolving or reforming it. Cummings & Cummings Law handles redomestication as a fully online service managed by a dually licensed attorney and CPA, with a flat fee structure and no sales call required.

What happens to your company during redomestication

Redomestication changes the state where your company is domiciled, not the identity of the business itself. Your EIN, contracts, bank accounts, and in most cases your company name all remain intact and active throughout the process. There is no downtime when the transfer is executed by a professional, meaning your business continues operating under the same legal and financial identity.

How long does the redomestication process take

The process can be started in under five minutes by entering your business name and information online. Documents are delivered for e-signature within 48 hours of submission. The exact timeline from start to completion is not publicly specified, so prospective clients should consult directly with the service to understand the full duration for their specific situation.

What you need to provide and what the service handles

You provide the business information and signatures required for the transfer. Cummings & Cummings Law then handles the remaining work, including preparation of legal documents and coordination with state authorities. The service delivers a Redomestication Closing and Tax Continuity Packet upon completion. If the redomestication process does not fit your company's circumstances, the service states it will inform you rather than proceed.

When redomestication is the right choice

Redomestication suits businesses that want to relocate their legal domicile to another state while maintaining continuity of their existing federal tax identification, contracts, banking relationships, and credit history. It is particularly useful for companies that have built credit under their current EIN and wish to avoid the complications of dissolving and reforming. However, redomestication is not appropriate for every business situation, and the service recommends consulting with counsel to determine whether it fits your specific needs before proceeding.

Questions to ask before hiring a redomestication provider

Before engaging any service to redomesticate your company, you should demand answers to seven key questions. The service does not specify what those seven questions are on the public page, so prospective clients should schedule a consultation to receive detailed guidance on what to evaluate when selecting a redomestication provider.

Frequently asked questions

A practical guide to move company out of New York

To move your company out of New York via redomestication, enter your business name on the service page to see your exact price and get started. Submit your information in less than five minutes, receive documents for e-signature within 48 hours, and work with a dually licensed attorney and CPA to complete the transfer. Your EIN, contracts, bank accounts, and company name remain intact throughout the process, with no downtime to your business operations. The entire process is handled online with a flat fee and no sales call required. For detailed steps specific to your company, [consult with Cummings & Cummings Law](https://www.cummings.law/redomestication/move-business-out-of-new-york/) to confirm the process fits your situation before proceeding.

Is redomestication the right solution for my company, or should I consider dissolving my New York entity and forming a new one in another state instead?

Redomestication is the right choice if you want to move your company to another state while keeping your existing EIN, contracts, credit history, and bank accounts intact. This approach preserves your business identity and avoids the disruption of dissolving and reforming. However, dissolving your New York entity and forming a new company in another state may be appropriate in some circumstances, such as if you want a fresh start or if your current structure no longer serves your needs. The key difference is that redomestication maintains continuity while a new formation starts from scratch legally and financially. Since redomestication is not suitable for every business, [Cummings & Cummings Law](https://www.cummings.law/redomestication/move-business-out-of-new-york/) recommends consulting with counsel to determine which approach fits your specific situation before proceeding.

What's the difference between redomestication and forming a new company in another state, and which option is better for preserving my business history and credit?

Redomestication preserves your business history and credit because your EIN, contracts, bank accounts, and company name all remain the same, maintaining your existing credit profile and legal continuity. Forming a new company in another state creates a separate legal entity with a new EIN, meaning you start with no credit history under that new entity and must rebuild relationships with lenders and vendors. If preserving your established credit and business relationships is important, redomestication is the better option because it transfers your company's state domicile without breaking its legal or financial identity. [Cummings & Cummings Law](https://www.cummings.law/redomestication/move-business-out-of-new-york/) handles this process online with a dually licensed attorney and CPA to ensure your business history and credit remain intact throughout the transfer.

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