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Alaska is one of the few states that has no personal income tax, however
they do have higher corporate taxes to compensate for the difference. They
are ranked #26 on the Tax Foundation's Corporate Tax Ranking Index compared
to Nevada which is ranked #1. Since you do not have to reside in Nevada
to incorporate there it would be worthwhile for Alaska residents to incorporate
their business in Nevada instead. You can visit the Alaska Division of Corporation Licensing if
you need updated information. You can look at some statistics below
to compare the differences between incorporating in Alaska vs. Nevada:
| |
Nevada |
Alaska |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
26 |
Personal Income Tax ? |
None |
None |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
1 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
|
Statutory Indemnification of Officers, Directors & Employees ? |
|
|
Charging Order Protection for Corporation ? |
|
|
Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
|
|
Highest Standard of Corporate Veil Protection ? |
|
|
Series LLC Allowed ? |
|
|
Business Court* |
|
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Glossary of terms
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