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Mississippi offers the liability protection of Limited Liability Corporations
and all the benefits that go along with that type of business. But if you're
looking for the added protection of a series LLC which allows for internal
separation of assets and liability, Mississippi is not an option. Nevada
allows series LLC incorporations as well as several other valuable asset
protection policies. Your business also can save a substantial amount of
money since Nevada has no corporate income tax. There are many reasons to
incorporate in Nevada rather than Mississippi. We have compiled the data
below to help decide:
| |
Nevada |
Mississippi |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
8 |
Personal Income Tax ? |
None |
3% - 5% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
16 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
Estate Tax ? |
|
|
Statutory Indemnification of Officers, Directors & Employees ? |
|
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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* |
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Glossary of terms
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