|
North Dakotan companies benefit from a relatively low corporate income tax
which varies from 2.6% to 6.5%. North Dakota's state and local tax burden
was among the lowest in the nation in 2007. Still, North Dakota rates 30th nationally
for its highest corporate income tax rate and 30th nationally
for overall business climate. Nevada on the other hand get's top ratings
for its lack of corporate income taxes and favorable overall business climate.
Incorporating a Nevada corporation or forming a Nevada LLC can save a lot
of money year after year. See the table below for a detailed comparison of
incorporation in Nevada vs North Dakota.
| |
Nevada |
North Dakota |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
27 |
Personal Income Tax ? |
None |
2.1% - 5.54% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
36 |
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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