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In Colorado the state personal and corporate income taxes are fairly low,
though they do have an estate tax. In the area of asset protection, Nevada
provides greater corporate benefits with statutory indemnification of officers,
directors and employees. This clear cut statue provides binding protection
where case law is still open to interpretation in the courts. See the Colorado Attorney General's website for
more details. Below we have compiled a detailed comparison of the benefits
of incorporating a business in Nevada vs. Colorado:
| |
Nevada |
Colorado |
|
State Corporate Income Tax ? |
None |
4.63% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
15 |
Personal Income Tax ? |
None |
4.63% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
13 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
|
Statutory Indemnification of Officers, Directors & Employees ? |
|
|
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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