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The big advantage of incorporating in Nevada over Arizona is the lack of
state income tax in Nevada. Arizona has a 6.968% state corporate income tax
rate and personal income tax as high as 4.54%. While both Nevada and Arizona
have no gift tax, unitary tax or estate tax, series LLC corporations are
allowed in Nevada but not in Arizona. For current info on Arizona's business and taxation laws see
their website. Below we've compiled some information on the benefits
of incorporating in Nevada vs. Arizona:
| |
Nevada |
Arizona |
|
State Corporate Income Tax ? |
None |
6.97% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
35 |
Personal Income Tax ? |
None |
2.59%-4.54% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
29 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
|
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 ? |
|
|
Series LLC Allowed ? |
|
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Business Court* |
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Glossary of terms
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