|
Though Maryland's corporate income tax rate is 8.25% the state still ranks
7 on the Tax Foundation's Corporate Tax Ranking. Maryland has neither franchise
tax nor tax on corporate shares. Nevada also has no franchise or corporate
share tax; that and Nevada's lack of corporate income tax gives the state
the highest ranking on the Tax Foundation's Corporate Tax Ranking. If you
incorporate an LLC in the state of Nevada, Charging Order is a Creditor's
sole remedy for you're your company. Below we have compiled a list of the
benefits of incorporating in Nevada vs Maryland:
| |
Nevada |
Maryland |
|
State Corporate Income Tax ? |
None |
8.25% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
7 |
Personal Income Tax ? |
None |
2% - 5.5% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
37 |
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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