|
Virginia's corporate tax outlook is among the best in the country. The corporate
tax rate for businesses incorporated in Virginia is 6%, though there is a
Virginia franchise tax. Virginia also offers the asset protection of limiting
a creditor's remedy to charging order. Still, incorporating in Nevada has
advantages. Nevada has no franchise tax or corporate income tax. Charging
order is a creditor's sole remedy in Nevada as well, but you can also use
the Series LLC and benefit from the Nevada business court. We hope the data
below will be helpful when you make your decision to incorporate in Nevada
or Virginia:
| |
Nevada |
Virginia |
|
State Corporate Income Tax ? |
None |
6% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
4 |
Personal Income Tax ? |
None |
2% - 5.75% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
21 |
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* |
|
|
|
Glossary of terms
|
|
|
|
