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Though California has a powerful economy it can be an expensive place to
start a business. California's State Corporate Income Tax is one of the highest
in the nation at 8.84%. Nevada has no State Corporate Income Tax at all.
California is ranked 40th in the Tax Foundation's corporate tax
ranking while Nevada is #1. For current rates and conditions on doing business
in California, see the California
Business Portal. See blow for a comparative list of business and corporate
information on Nevada vs. California:
| |
Nevada |
California |
|
State Corporate Income Tax ? |
None |
8.84% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
40 |
Personal Income Tax ? |
None |
1% -9.3% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
50 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
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Statutory Indemnification of Officers, Directors & Employees ? |
|
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Charging Order Protection for Corporation ? |
|
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Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
|
|
Highest Standard of Corporate Veil Protection ? |
|
|
Series LLC Allowed ? |
|
|
Business Court* |
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Glossary of terms
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