| So you want to have Nevada incorporation? Well, it | | | | Delaware and then went even further, establishing a |
| may be just what you want and need, or it could be a | | | | corporate entity that allows investors and owners of |
| nightmare. It may very well be that Nevada | | | | Nevada corporations to remain off the public record - |
| incorporation is the right step for one company, and a | | | | an advantage that is unique throughout the world. |
| misstep for the next. Besides the low cost for a | | | | Since these statutes took effect in 1991, the number of |
| Nevada incorporation, it provides owners with | | | | new incorporations in Nevada has exploded. The |
| beneficial and unparalleled asset privacy. The filing fee | | | | bullet-proof protection inherent in Nevada corporations, |
| for Nevada incorporation is $125, and is more | | | | however, takes it to a new level, making it virtually |
| affordable than most states. Another advantage of | | | | impossible for creditors and litigants to get at your |
| Nevada incorporation is privacy of ownership and the | | | | hard-earned assets. That just might be the main |
| absence of a state income tax. | | | | reason there were over 40,000 incorporations in |
| Most companies do NOT qualify to take advantage of | | | | Nevada last year alone. It looks like more and more |
| Nevada incorporation's benefits, so be sure that you | | | | business-savvy people are discovering the |
| check out the various requirements. Your resident | | | | tremendous advantages that complete protection |
| corporation can maximize profits by taking advantage | | | | offers! Unlike most other states, there has never been |
| of the tax laws, and members of an LLC (owners) | | | | a case in which the corporate veil was pierced in |
| pay taxes on the income, yet have the advantage of | | | | Nevada, except in the instance of fraudulent activity. |
| limited liability as the shareholders of a corporation do. | | | | This means your personal assets receive maximum |
| You can get every advantage used by big | | | | protection when separated from business activities by |
| corporations at low cost which is one of the benefits | | | | a Nevada corporation. Nevada's Supreme Court |
| of tax savings by a Nevada incorporation. | | | | consistently stands strong on preserving this protection, |
| The state of Nevada has issued requirements for | | | | even when a corporation fails to maintain basic |
| incorporation, primarily a residency test. In order to | | | | corporate formalities (though we strongly recommend |
| properly form a substantiated Nexus base in Nevada | | | | you do so). |
| the following requirements should be met: (1) a | | | | Some other important benefits are a Nevada |
| compliant Nevada formed Corporation or LLC; (2) A | | | | incorporation can be organized with very little capital, if |
| Nevada office* (leased or owned) with physical and | | | | desired. Many states require that a corporation have |
| mailing address; (3) Nevada staff working in Nevada; | | | | at least $1,000 in capital. One person can hold the |
| (4) Nevada bank account; (5) Nevada phone number; | | | | offices of President, Secretary, Treasurer, and be the |
| (6) Nevada Business Registration; (7) Continuously | | | | sole Director. Many states require at least 3 officers |
| maintain appropriate records, filings, and accountability. | | | | and/or directors. Thus, there is no need to bring other |
| Anything less is a facade that requires home state | | | | persons into a Nevada corporation if the owner does |
| registration and may negatively affect protection, | | | | not desire it. A corporation can be formed by mail, fax, |
| privacy and tax advantages. A non-resident can have | | | | or phone and the person incorporating in Nevada |
| Nevada incorporation as long as he/she registers in | | | | never has to visit the state, even to conduct annual |
| their home state as well. This will generate additional | | | | meetings. Meetings can be held anywhere in the world |
| filing fees; however, if you want total privacy, it might | | | | at the option of the director(s). |
| be worth it. | | | | No reciprocity with the IRS. Nevada is the only state in |
| The benefits of Nevada incorporation are amazing! | | | | the union that does not share information with the |
| Numerous benefits are offered to existing and new | | | | Internal Revenue Service. Many tax professionals also |
| businesses that incorporate in Nevada and they enjoy | | | | believe that this reduces your chances of an audit |
| many benefits just not available anywhere else. For | | | | because less matching of tax return information |
| one, no taxation upon shares of stock held by | | | | means fewer chances of something standing out. |
| non-residents and no inheritance tax upon non-resident | | | | We trust that this information on forming a Nevada |
| holders. Pro-business Nevada, unlike almost every | | | | incorporation has been helpful. We cannot stress |
| other state, has taken a stand! No Corporate Income | | | | enough...get all of the facts and requirements for a |
| Tax. | | | | Nevada incorporation, and contact a professional for |
| No Taxes on Corporate Shares | | | | advice in your particular situation. The purpose of this |
| No Franchise Tax | | | | article is not to give you legal advice or |
| No Personal income tax | | | | recommendations, but to point out to you some of the |
| No IRS Information Sharing Agreement | | | | requirements and caveats. |
| Nevada's corporate statutes started with those of | | | | |