Best Reasons to Incorporate in Nevada - Part 4

INCORPORATING IN NEVADA

It is important when deciding what state to incorporate your business to take into consideration the tax benefits and/or ramifications for incorporating in that particular state. Notably, Nevada provides businesses substantial tax benefits. Significantly, Nevada has no business income tax. [1]
In contrast, Delaware has a business income tax at a rate of 8.7%.[2] Additionally, Nevada has no franchise tax. [3] In contrast, Delaware has a significant franchise tax which varies depending on the number of shares issued and can range from a minimum tax of $75.00 with a maximum tax of $165,000.00. [4]
[1] http://www.whynevada.com/commercialrecordings/taxadvantages.asp
[2] http://revenue.delaware.gov/services/Business_Tax/FilingCIT.shtml
[3] Id.
[4] http://corp.delaware.gov/paytaxes.shtml

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