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Oklahoma is one of the few states that offers the series LLC incorporations.
Oklahoma has other asset protection policies including mandating that charging
order is creditor's sole remedy for an LLC or corporation. On the other hand,
businesses incorporating in Oklahoma have to pay franchise tax and 6% corporate
income tax. You can avoid those taxes entirely by incorporating in Nevada.
In Nevada you get all the same asset protections as Ohio, but also charging
order protections, highest standard for corporate veil protection and business
court. For a complete comparison on incorporating in Nevada vs. Ohio please
see the chart below:
| |
Nevada |
Oklahoma |
|
State Corporate Income Tax ? |
None |
6% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
13 |
Personal Income Tax ? |
None |
0.5% - 5.5% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
22 |
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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