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The State of Louisiana does not have a unitary tax, corporate shares tax
or franchise tax. According to the Louisiana Department
of Revenue Louisiana's corporate income tax is variable from as low as
4% for the first $25,000 to 8% for over $200,000. As such Louisiana scored
an 18 on the Tax Foundation's Corporate Tax Ranking. When you are incorporating
your business it is good to know that Nevada has no corporate income tax,
which means that you can avoid a lot of expense by incorporating in Nevada.
When you incorporate in Nevada you also take advantage of Nevada's high degree
of corporate and personal asset protection. See the detailed comparison below
of the incorporation potential of Nevada vs Louisiana:
| |
Nevada |
Louisiana |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
18 |
Personal Income Tax ? |
None |
2% - 6% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
28 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
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Statutory Indemnification of Officers, Directors & Employees ? |
|
|
Charging Order Protection for Corporation ? |
|
|
Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
|
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Highest Standard of Corporate Veil Protection ? |
|
|
Series LLC Allowed ? |
|
|
Business Court* |
|
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Glossary of terms
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