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With up to 6% corporate and personal income tax, doing business in Georgia
isn't all peaches and cream. Georgia rates 24 and 6, respectively, on the
Tax Federation's Personal and Corporate Income Tax Ranking indexes. Nevada
has no State Income Tax for individuals or corporations. Nevada also has
no Franchise Tax or Estate Tax making Nevada a better choice in which to
incorporate your business. See the chart below for more benefits of incorporating
in Nevada vs Georgia:
| |
Nevada |
Georgia |
|
State Corporate Income Tax ? |
None |
6% |
Tax Foundation's, Corporate Tax Ranking Index ? |
1 |
6 |
Personal Income Tax ? |
None |
1%-6% |
Tax Foundations, Personal Income Tax Ranking Index |
1 |
24 |
Franchise Tax ? |
|
|
Tax on corp shares ? |
|
|
Gift Tax ? |
|
|
Unitary Tax ? |
|
|
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* |
|
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Glossary of terms
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