Nevada vs. Virginia Incorporation Comparison

Virginia’s corporate tax outlook is among the best in the country. The corporate tax rate for businesses incorporated in Virginia is 6%, though there is a Virginia franchise tax. Virginia also offers the asset protection of limiting a creditor’s remedy to charging order. Still, incorporating in Nevada has advantages. Nevada has no franchise tax or corporate income tax. Charging order is a creditor’s sole remedy in Nevada as well, but you can also use the Series LLC and benefit from the Nevada business court. We hope the data below will be helpful when you make your decision to incorporate in Nevada or Virginia:

 Scroll Right to View    Nevada    Virginia
Tax Foundation's, Corporate Tax Ranking Index 1 4
Personal Income Tax NONE 2% - 5.75%
Tax Foundations, Personal Income Tax Ranking Index 1 21
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 Virginia can provide fairly low tax rates and beneficial asset protection options. However, forming an LLC or corporation in Virginia includes some unfavorable tax policies. While you must pay unitary and gift taxes in Virginia, Nevada is free from these tax burdens. With a tax rate of 0%, you can save thousands with 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 Virginia, forming a Nevada LLC or corporation is the obvious choice. You can save thousands of dollars by choosing Nevada for your business formation needs! Contact us today and we can run you through the necessary steps. Don’t know how to form a corporation in Nevada? We have your solution! Call us today for more information.

* 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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Nevada Edge


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