Nevada vs. South Dakota Incorporation Comparison

There are few states that rival Nevada for business friendly tax policy. South Dakota, like Nevada, has no corporate income tax, franchise tax, or tax on corporate shares. Both rate well on the Tax Foundations Corporate Tax Ranking. For individuals, South Dakota does have a estate tax to deal with. Where you can really benefit from incorporating your business in Nevada is asset protection. Nevada protects your assets with a business court, the highest standard for corporate veil protection, and the Nevada Series LLC. For a complete guide to incorporating in Nevada vs. So. Dakota, please see the chart below:


 Scroll Right to View    Nevada    South Dakota
Tax Foundation's, Corporate Tax Ranking Index 1 1
Personal Income Tax None None
Tax Foundations, Personal Income Tax Ranking Index 1 1
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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