Nevada vs. Tennessee Incorporation Comparison

Though Tennessee has a higher than average corporate income tax rate, the state ranks 12, near the top, on the Tax Foundation’s corporate income tax ranking. By incorporating in Tennessee you can avoid franchise tax and personal income tax except on dividends and interest. If you incorporate in Nevada you avoid all of these taxes. Nevada doesn’t charge corporate or personal income tax. We’ve compiled the list below to help you decide to make your business a Nevada Corporation or LLC or a Tennessee Corporation:


 Scroll Right to View    Nevada    Tennessee
Tax Foundation's, Corporate Tax Ranking Index 1 12
Personal Income Tax NONE Div. and Int. Only
Tax Foundations, Personal Income Tax Ranking Index 1 8
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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4730 S Fort Apache Road
Suite 300
Las Vegas, NV 89147
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Nevada Edge

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