|
Ohio corporations do not pay Franchise Tax or Tax on Corporate Shares. Ohio
is in the process of implementing a commercial activity tax while they phase
out the old franchise tax. Until 2010, Ohio corporations will pay through
a combination of new and old tax structures at the 40th highest
rate in the nation. Nevada corporations do not pay corporate income tax or
franchise tax, contributing the best rating for business tax climate in the
nation. Businesses that incorporate in Nevada benefit from the state's business
friendly policy. For a detailed comparison on incorporating in Ohio vs. Nevada
please refer to the data below:
| |
Nevada |
Ohio |
|
State Corporate Income Tax ? |
None |
Various |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
37 |
Personal Income Tax ? |
None |
0.618% - 6.24% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
48 |
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
|
|
|
|
