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Old 01-19-2009, 10:41 PM
 
9 posts, read 16,363 times
Reputation: 11
Default Better for Small Business Taxes? Maryland or Virginia?

Iím looking to move my business down to the DVM (DC, Maryland, Virginia) area and need to decide on which state is best for small businesses with the best or lowest business tax laws. Can anyone help or provide any input on this subject?


Thanks
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Old 02-20-2009, 01:28 PM
 
Location: Lake Mary, FL & Charlotte, NC
127 posts, read 248,409 times
Reputation: 26
Default Good overview

This article provides a good overview on taxes in the area..

Who Pays More Taxes? Virginia, Maryland or D.C.? - Raw Fisher
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Old 02-20-2009, 02:51 PM
 
451 posts, read 1,410,809 times
Reputation: 164
The money quote from that article (pun intended):

The District, true to reputation, is a more expensive place in which to do business--its corporate tax rate of 9.975 percent is well above Maryland's 7 percent and Virginia's 6 percent.

Those are all flat rates I believe.

Tax rates aside, Virginia has a deserved reputation as being the most "business-friendly" jurisdiction, but things vary based upon what kind of business you're talking about since there are hundreds of different exemptions.
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