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Idaho may be a great place to do business and operate a business, but it's
tax requirements make it less than ideal for incorporation. Idaho has 7.6%
corporate income tax and up to 7.8% personal income tax. While Idaho has
no tax on corporate shares or gift tax, Idaho does have franchise tax, unitary
tax and estate tax. Nevada on the other hand, has none of these. Nevada also
has some very favorable asset protection policies that make Nevada a great
place to incorporate your business. To see a complete breakdown of the benefits
of incorporating in Nevada vs, Idaho, please check out the chart below.
| |
Nevada |
Idaho |
|
State Corporate Income Tax ? |
None |
7.60% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
19 |
Personal Income Tax ? |
None |
1.6% - 7.8% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
34 |
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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