|
Delaware has fairly good asset protection policy with a business court,
series LLC and limiting creditor's remedies to charging order. The state
personal income tax in Delaware is about average, but Delaware's state corporate
tax is quite high at 8.7%. Nevada has no personal or corporate state income
tax. Delaware's corporate tax law puts the state at 48th on the
Tax Foundation's Corporate Tax Ranking Index. For a head to head business
comparison of Nevada vs Delaware see the statistics below:
| |
Nevada |
Delaware |
|
State Corporate Income Tax ? |
None |
8.70% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
48 |
Personal Income Tax ? |
None |
2.2% - 5.95% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
32 |
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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