California to Nevada Relocation: Weighing Pros & Cons, and Crafting Your LLC's Tax-Smart Action Plan
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As a tax advisor, consider the following pros and cons of relocating from California to Nevada and your cash flowing LLC: Pros: No state income tax: Nevada has no state income tax, whereas California has some of the highest state income tax rates in the US. Moving to Nevada could result in significant tax savings on your personal income.
Reminder that it's crucial to consult with a qualified tax professional or attorney familiar with state-specific tax laws and regulations to make an informed decision and ensure a smooth relocation process.
