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Limited Liability Companies are an available legal entity in New Mexico
to give business owners liability protections similar to that of corporations.
And in New Mexico you have options for how your LLC is taxed. Find out more
at the New Mexico's Corporation
Bureau. Nevada offers LLC incorporations as well as Series LLC, New Mexico
does not. In Nevada there are few options for how your company is taxed since
there are fewer taxes. There is no corporate income tax in Nevada and also
no franchise tax or tax on corporate shares. See below for a complete comparison
of incorporating your business in Nevada vs. New Mexico.
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Nevada |
New Mexico |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
36 |
Personal Income Tax ? |
None |
1.7% - 5.3% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
17 |
Franchise Tax ? |
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Tax on corp shares ? |
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Gift Tax ? |
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Unitary Tax ? |
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Estate Tax ? |
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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 ? |
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Series LLC Allowed ? |
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Business Court* |
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Glossary of terms
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