|
Though there is no franchise tax in Kansas and also no tax on corporate
shares, the variable corporate income tax in Kansas rates the state a 38
on the Tax Foundation's Corporate Tax Ranking. Kansas has a moderate personal
income tax that varies from 3.5% to 6.45%. Nevada on the other hand has no
corporate income tax. Nevada also does not have franchise tax or tax on corporate
shares making Nevada a cheaper state in which to incorporate. Nevada's
asset protection policy, including the highest standard of corporate veil
protection, also makes Nevada a smart choice for incorporation. For a detailed
comparison of the business climate in Nevada vs Kansas, see the chart below:
| |
Nevada |
Kansas |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
38 |
Personal Income Tax ? |
None |
3.5% - 6.45% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
25 |
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
|
|
|
|
