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Tax in Washington D.C. is among the highest in the nation for corporations and individuals. The corporate income tax is 9.975%; though there is not tax on corporate shares or Franchise tax in the District of Columbia. Incorporating in Nevada can save you from a larger tax burden. Nevada does not have a state corporate income tax. Nevada also has many asset protection benefits to corporations and LLCs. Nevada has statutory indemnification of officers, directors and employees. Nevada also allows series LLC which give business owners more protection. Please use the list below for a complete guide of the benefits of incorporating in Nevada vs. Washington D.C.:
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Nevada |
Washington D.C. |
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State Corporate Income Tax ? |
None |
9.98% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
Na |
Personal Income Tax ? |
None |
4% - 8.5% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
Na |
Franchise Tax ? |
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Tax on corp shares ? |
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Gift Tax ? |
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Unitary Tax ? |
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Estate Tax ? |
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Statutory Indemnification of Officers, Directors & Employees ? |
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Charging Order Protection for Corporation ? |
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Charging Order is Creditor's Sole Remedy for LLC or Corporation ? |
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Highest Standard of Corporate Veil Protection ? |
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Series LLC Allowed ? |
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Business Court* |
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Glossary of terms
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