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Forming a Pennsylvania LLC is a great way to do business and protect your
personal assets. In Pennsylvania, however, LLCs and corporations pay a 6.6%
corporate income Tax. In addition to that Pennsylvania has a franchise tax.
If you incorporate in Nevada as a corporation or LLC you can benefit from
one of the nations best overall business tax climates nation wide. Nevada
LLCs or corporations pay no corporate income tax, and No franchise tax. Nevada
also has some of the best asset protections policies in the US. We've compiled
all the information you need to decide between incorporating in Nevada vs.
Pennsylvania in the table below:
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Nevada |
Pennsylvania |
|
State Corporate Income Tax ? |
None |
9.99% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
42 |
Personal Income Tax ? |
None |
3.07% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
11 |
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 ? |
|
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Business Court* |
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Glossary of terms
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