Nevada vs. New York Incorporation Comparison

New York’s Corporate Income Tax is moderate at 7.1%, but the Tax Foundation rates New York 47th in overall business climate. New York State Property Taxes are nearly the highest in the nation. Nevada Rates highest for on the Tax Foundations Corporate Income Tax ranking since Nevada does not have Corporate Income Tax. Nevada Corporations also enjoy a higher degree of corporate asset protections than New York with Series LLC, Statutory Indemnification of Officers, Directors and Employees. Nevada also has the highest standard of Corporate Veil Protection. See the graph below for a complete comparison of the benefits Nevada incorporations have over those done in New York:

 Scroll Right to View    Nevada    New York
Tax Foundation's, Corporate Tax Ranking Index 1 23
Personal Income Tax NONE 4% - 6.85%
Tax Foundations, Personal Income Tax Ranking Index 1 41
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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