|
Florida's lack of state personal income tax gets it a 1 in the Tax Foundation's
Personal Income Tax Ranking Index, same as Nevada, but their moderate corporate
income tax bumps it up to a 14 on the Corporate Tax Ranking Index. While
Florida has fairly good asset protection policies, Nevada's protection of
LLCs against creditors is much better. Please see the chart below to find
out some of the business benefits of incorporating in Nevada vs Florida.
| |
Nevada |
Florida |
|
State Corporate Income Tax ? |
None |
5.50% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
14 |
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* |
|
|
|
Glossary of terms
|
|
|
|
