LLC Tax Rates by State: Montana, Missouri, Nebraska, Nevada & New Jersey

LLC tax rates by state

As an LLC startup owner, the last thing you want is to complicate your taxation. Since the considerations and requirements of tax rates vary from state to state. In simple terms, the tax rates of each state are represented in annual percentages as corporate taxes.

It is also important to understand that tax rates do not always stay the same and are subject to changes in line with new federal and state laws. For instance, these changes usually have an impact on deductions and exclusions.

Here is an overview of the corporate and personal LLC tax rate in each state:

American Samoa LLC Tax Rates

Personal tax: NA
Corporate tax: NA

American Samoa stands out because it has a 0% corporate tax rate to establish an LLC.

Montana LLC Tax Rate

Montana LLC

Personal tax: 1-6.9%
Corporate tax: 6.75%
A Montana LLC (limited liability company) is a popular business entity that provides its owners significant personal liability protection and flexible options for how it can be managed and taxed. To form a Montana LLC, you will need to file the Articles of Organization with the Montana Secretary of State and pay a $70 filing fee. But before you do that, you must make sure your business name is available and appoint a registered agent. Setting up an LLC in Montana typically takes between one and two weeks, although you can pay extra to have your LLC formed the same day. Montanas business filing system has gone completely digital, so you will need to complete all filings online

Missouri LLC Tax Rate

Missouri LLC

Personal tax: 1.5-6%
Corporate tax: 6.25%
A Missouri limited liability company (LLC) is a type of business entity that offers its owners strong liability protection and pass-through taxation (by default). LLCs have a straightforward and flexible management structure. To start an LLC in Missouri, you will need to file the Articles of Organization with the Missouri Corporations Division. But first, you must name your business and choose a registered agent. You can start your Missouri LLC in one day if you file online or in person, but if you file through the mail it will take around 5-10 days.

Nebraska llc Tax Rate

Nebraska LLC

Personal tax: 2.46%
Corporate tax: 5.58-7.81%
A Nebraska limited liability company (LLC) is a business entity that offers flexible management structure, streamlined taxation, and – if properly formed and maintained – strong liability protection. To start an LLC in Nebraska, you willneed to choose a business name, appoint a registered agent, and submit a Certificate of Organization to the Nebraska Secretary of State with the $105 filing fee. Once the Nebraska Secretary of State processes your filing (usually between 3 business days if you file online and 2 weeks if you file by mail), you will officially have an LLC. But there are a few more steps you will need to take to get your LLC ready to do business.

Nevada LLC Tax Rate

Nevada LLC

Personal tax: NA
Corporate tax: NA
smartasset nevada tax calculator
A Nevada LLC (limited liability company) is a business entity with a versatile management structure and limited liability protection. By default, Nevada LLCs are taxed as pass-through entities. To form a Nevada LLC, you will need to submit Articles of Organization to the Nevada Secretary of State. The total fee to file Articles of Organization and supporting documents is $425. You willfirst need to make sure your preferred business name is available and designate a registered agent. Forming an LLC in Nevada can take as little as one day or as long as a month, depending on how you file.

New Jersey LLC Tax Rates

New Jersey LLC

Personal tax: 1.4-10.75%
Corporate tax: 6.5-9%
An LLC (limited liability company) is a business entity that offers its owners liability protection, adaptable management structure, and – by default – pass-through taxation. To officially form your LLC in New Jersey, you will need to choose a business name, appoint a registered agent, and submit the Public Records Filing for New Business Entity to the New Jersey Division of Revenue with a $125 filing fee. Forming an LLC in New Jersey takes 1-2 business days (if you file online).

Sum Up

Remember that the states that do not mandate income tax include Florida, Tennessee, Texas, Nevada, Alaska, Wyoming, and Washington. In retrospect, if you plan to start an LLC, focus on corporate taxes and opt for the state that has little to no corporate taxation in place.

Like the best states, American Samoa offers a wide range of tax benefits to start an LLC. From the initial process to form an LLC online, to availing tax perks to optimizing operations, American Samoa serves as a solid option.

American Samoa is the best state to form LLCs in 2022. Find out more information on how simple, efficient, and cost-effective it is to start an LLC in American Samoa and how it provides more added tax perks than other American states.

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