- Why Incorporate?
- Types of Corporations
- How is a Corporation Structured?
- About Incorporating in Nevada
- What's involved?
- Incorporate in Nevada Now!
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About Incorporating in Nevada
Where should you incorporate your existing or new business? You work hard to earn your wealth. You will want to establish your company where you will have the most protection and greatest financial reward.
You need to know which state offers the greatest stability and best environment to run your business the way you see fit. It is not required that you incorporate your business in the state in which it operates. Not only large businesses profit from the advantages offered by a business-preferred state.
Historically, Delaware had been associated with attracting businesses that incorporate mainly because of its extensive case law history for stockholders of large public companies. However, when you consider a comparison among states in public policy that supports small business entrepreneurs, Delaware is not the preferred venue.
Remember, you can be considered doing business in a particular state without being incorporated there. Many small businesses incorporate in Nevada because it offers the best structure for asset protection, increased privacy and tax reduction for small businesses. In addition, Nevada has no state income tax and allows one person Corporations.
In a nut-shell, Nevada Corporations provide the following advantages:
- No personal income tax
- No corporate income tax
- No franchise tax on income
- Nevada does not report corporate information to the IRS. Shareholders' names are kept anonymous
- Nevada does not require that corporations provide a list of assets
- No minimum capital requirements
- Nevada corporations may purchase, hold, sell, or transfer their own shares
- Officers and Directors are protected from lawsuits against the corporations
For more about incorporating in Nevada and Nevada Corporations, download our popular report "An Essential Guide to Asset Protection and Tax Planning Using a Nevada Corporation or LLC" and learn how you can start reducing your taxes while securing your personal and business assets.