Nevada vs. South Carolina Incorporation Comparison

South Carolina is about average for both personal income tax and corporate income tax rates. The corporate income tax in South Carolina is a mild 5%, and the personal income tax can be as low as 0% and as high as 7%. Still South Carolina’s overall business tax climate rates are only average according to the Tax Foundation. Nevada on the other hand gets top ratings from The Tax Foundation as a place to incorporate your business. Nevada does not levy corporate or personal income taxes. Businesses that are incorporated in Nevada also benefit from a suite of favorable asset protection policies. See the data below to help decide whether to incorporate in Nevada or South Carolina.

 Scroll Right to View    Nevada    South Carolina
Tax Foundation's, Corporate Tax Ranking Index 1 11
Personal Income Tax NONE 0% - 7%
Tax Foundations, Personal Income Tax Ranking Index 1 27
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 *

Forming an LLC in South Carolina can provide fairly low tax rates and beneficial asset protection options. However, starting a business in South Carolina includes some unfavorable tax policies. While you must pay franchise and unitary taxes in South Carolina, Nevada is free from these tax burdens. With a tax rate of 0%, you can save thousands by choosing Nevada LLC filing. Additionally, starting a business in Nevada includes asset protection policies that are the best in the nation. Combine these benefits with huge tax savings and you’re well on your way to a successful business. Need help through the process? At Nevada Corporate, we can help you through all the steps and get you the professional advice you deserve. Don’t get stuck paying ridiculous taxes or working with unreliable business experts. At Nevada Corporate, we have the best business professionals in the United States and we take pride in our amazing services! Compared to South Carolina, an LLC in Nevada is the obvious choice. You can save thousands of dollars by choosing a Nevada LLC! Contact us today and we can run you through the necessary steps. Interested in a corporation? Our business experts know the ins and outs of how to form a corporation in Nevada. Call us today!

* 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.
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