Nevada vs. Minnesota Incorporation Comparison

Minnesota makes all the necessary forms for incorporating a business, registering business names and trademarks easily available on the Minnesota Secretary of State Web Page. However with a state corporate income tax second highest in the nation at 9.80% actually doing business as a Minnesota corporation could be expensive. Nevada on the other hand can reduce your business’ tax exposure with no corporate income tax. Nevada is also the only state that protects personal information by not requiring stockholders to be public record. See the detailed list below for a complete comparison of incorporating in Nevada vs. Minnesota:


 Scroll Right to View    Nevada    Minnesota
Tax Foundation's, Corporate Tax Ranking Index 1 44
Personal Income Tax NONE 5.35% - 7.85%
Tax Foundations, Personal Income Tax Ranking Index 1 39
No Franchise Tax
No Tax on corp shares
No Gift Tax
No Unitary Tax
No 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 *

* rankings accurate as of 2013

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Why Nevada?

  • You can live and run your business in any state and still incorporate in Nevada.
  • Forming your entity involves no minimum capital requirements
  • Lawsuit proof laws - If your business does get sued, your personal assets will stay safe.
Your State vs. NV

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