|
While Arkansas has fairly low state income tax and no franchise tax, Nevada
has a great advantage for business incorporations over Arkansas in the area
of asset protection. Series LLC corporations are allowed in Nevada. Since
charging order is the sole remedy for creditors with LLC or corporations,
there is no risk of judicial foreclosure in Nevada.
Here are some data showing the differences of incorporation benefits for
your business in Arkansas vs Nevada:
| |
Nevada |
Arkansas |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
24 |
Personal Income Tax ? |
None |
1% - 7% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
26 |
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
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|
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