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Alabama comes in at #21 on the Tax Foundation's Corporate Tax Ranking Index,
almost right in the middle of the 50 states. They do have a corporate
franchise tax which is fairly rare among states. Alabama also has a
high personal income tax level at 2-5%. The registered agent must reside
in Alabama. You can search for corporate
names in Alabama on their website. The main benefits of incorporating
in Nevada instead of Alabama are the lower tax rates and higher legal protection. Check
out these stats below comparing incorporating in Alabama vs. Nevada:
| |
Nevada |
Alabama |
|
State Corporate Income Tax ? |
None |
6.50% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
21 |
Personal Income Tax ? |
None |
2%-5% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
19 |
Franchise Tax ? |
|
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Tax on corp shares ? |
|
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Gift Tax ? |
|
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Unitary Tax ? |
|
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Estate Tax ? |
|
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Statutory Indemnification of Officers, Directors & Employees ? |
|
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Charging Order Protection for Corporation ? |
|
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Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
|
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Highest Standard of Corporate Veil Protection ? |
|
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Series LLC Allowed ? |
|
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Business Court* |
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Glossary of terms
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