Nevada vs. Kentucky Incorporation Comparison

For tax year 2008 Kentucky’s corporate income tax topped out at 7% making it about average among states as a place to do business. While Kentucky’s personal income tax ranges from 2% to 6% the states gift tax and estate tax help make Kentucky a 1 on the Tax Foundation’s Personal Income Tax Ranking. Find detailed info on Kentucky’s Business Taxes here. With no corporate income tax, business incorporated in Nevada stand to save a substantial amount. You can incorporate a Series LLC in Nevada. Nevada corporations also benefit from favorable asset protection policies. See the chart below for a complete comparison on the potential when you incorporate in Nevada vs. Kentucky:

 Scroll Right to View    Nevada    Kentucky
Tax Foundation's, Corporate Tax Ranking Index 1 39
Personal Income Tax NONE 2% - 6%
Tax Foundations, Personal Income Tax Ranking Index 1 31
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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