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Nevada has many benefits for business owners and
entrepreneurs that make it a very attractive state to incorporate a
new business. Tax benefits, privacy and the protection Nevada provides
for its shareholders makes it a one of the most popular states for
businesses. Whether you are starting a new business or looking for a
better state to organize your existing business, Nevada may be the
most beneficial state for your business. A few of its advantages are
listed below. We still urge you to speak to your financial, tax
or legal advisor to discuss your specific needs.
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Asset Protection: As an Officer or Director of a Corporation,
or a Member or Manager of a Limited Liability Company, you can not be
held responsible for any debt or liability incurred by the business.
Unless there is outright fraud, your personal assets will be protected
against any lawsuits against the business which allows you the comfort
of knowing your assets and family are protected.
Privacy: There are no public records to reveal who the
owners of your business are, thus preserving your privacy. Also,
Nevada is one of the only states that does not share information with
the IRS, which many believe reduces the chances for an audit.
Tax Savings: Tax savings can be the most persuasive argument
to incorporate in Nevada. There are no Corporate Taxes, Franchise Tax
and no Personal Income Tax. There is also no Admissions, Inheritance,
Gift or Unitary Taxes.
Other Benefits:
- Directors need not be shareholders of the business.
- Corporations and LLC’s may be formed by one individual holding
all positions within the company.
- Shareholders need not live or hold meetings in Nevada.
- Shareholders and Directors are not required to be US citizens
- There is no minimum capital requirement
- Incorporations can be completed in just 24 hours.
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