Nevada vs. Connecticut Incorporation Comparison

Connecticut is in the top third of states according to the Tax Franchise’s Corporate Tax Ranking Index, though they are one of the few states that does have a franchise tax. Nevada has no franchise tax and no state corporate income tax. Though Connecticut’s personal income tax is quite low they have both gift tax and estate tax. Since you can incorporate a business in Nevada without becoming a resident you can take advantage of the Tax savings and lower your financial risk by incorporating in Nevada. See the table below which details the advantages of incorporating in Nevada vs. Connecticut:

 Scroll Right to View    Nevada    Connecticut
Tax Foundation's, Corporate Tax Ranking Index 1 17
Personal Income Tax NONE 3%-5%
Tax Foundations, Personal Income Tax Ranking Index 1 18
No Franchise Tax
No Tax on corp shares
No Gift Tax
No Unitary Tax
No 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 *

* rankings accurate as of 2013


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Why Nevada?

  • You can live and run your business in any state and still incorporate in Nevada.
  • Forming your entity involves no minimum capital requirements
  • Lawsuit proof laws - If your business does get sued, your personal assets will stay safe.
Your State vs. NV

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Nevada Edge


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