Nevada vs. Tennessee Incorporation Comparison

Though Tennessee has a higher than average corporate income tax rate, the state ranks 12, near the top, on the Tax Foundation’s corporate income tax ranking. By incorporating in Tennessee you can avoid franchise tax and personal income tax except on dividends and interest. If you incorporate in Nevada you avoid all of these taxes. Nevada doesn’t charge corporate or personal income tax. We’ve compiled the list below to help you decide to make your business a Nevada Corporation or LLC or a Tennessee Corporation:

 Scroll Right to View    Nevada    Tennessee
Tax Foundation's, Corporate Tax Ranking Index 1 12
Personal Income Tax NONE Div. and Int. Only
Tax Foundations, Personal Income Tax Ranking Index 1 8
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 a corporation in Tennessee can provide fairly low tax rates and beneficial asset protection options. However, starting a business in Tennessee includes some unfavorable tax policies. While you must pay franchise and unitary taxes in Tennessee, Nevada is free from these tax burdens. With a tax rate of 0%, you can save thousands by forming a corporation in Nevada. Additionally, businesses in Nevada have 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 Tennessee, filing for a corporation in Nevada is the obvious choice. You can save thousands of dollars by choosing a corporation in Nevada! Contact us today and we can run you through the necessary steps. Our business experts know the ins and outs of Nevada corporation filing and we can get you on the path to business success!

* 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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