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North Carolina's sales taxes are below the national average at 4.25%. However
the corporate income tax in North Carolina, a 6.9% flat rate, is 27th highest
nationally. North Carolina's overall
business tax climate ranks 40th highest nationally. Nevada
on the other hands rates much better since Nevada does not have a corporate
income tax, franchise tax or tax on corporate shares. Nevada also has much
higher asset protection policies to protect companies incorporated in Nevada.
Please study the data below for a detailed comparison on the benefits of
incorporating tour business in Nevada vs North Carolina:
| |
Nevada |
North Carolina |
|
State Corporate Income Tax ? |
None |
6.90% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
25 |
Personal Income Tax ? |
None |
6% - 7.75% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
44 |
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* |
|
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Glossary of terms
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