Incorporating In Nevada

Advantages of Incorporating in Nevada

Like a Delaware Incorporation, Nevada offers business incentives in addition to those associated with normal Business Incorporation. The state is definitely pro business and on the grow, offering shielded services for corporate entities of all sizes and types. Incorporating in Nevada offers a business environment with an almost limitless list of enticements. If you are considering an incorporation, Nevada is the state to put at the top of your “A” list.

No Reciprocity with the IRS

Nevada is the only state in the U.S. that refuses to exchange financial or ownership information with the Internal Revenue Service. How is this done? Fifty-one years of case law and a court system that is pro-business oriented is responsible for Nevada's success. In addition, stockholders are not part of the public record.

Tax Benefits

Nevada offers a tax haven for corporations as well, offering these benefits:

• No corporate income taxes
• No taxes on corporate shares
• No franchise taxes
• No personal income tax
• No estate tax
• No inventory tax
• No inheritance tax
• No gift tax on corporate shares
• LLCs in Nevada are taxed like S corporations and limited partnerships

Low Incorporation Costs

• Inspiration fees run about $100
• Trademark fees cost about $150
• Certificate of Good Standing $50
• Annual Fees $85
• Filing fees $20-$60, depending on the type of corporation
• Minimal reporting and disclosure requirements

Incorporation Benefits

• Owners are not listed in any state or public records, which means opposing attorneys, or the IRS, cannot determine who owns a Nevada Corporation or LLC by calling the Secretary of State.

• Incentives to relocate: Incorporating in Nevada eliminates the need to register in a corporation’s home state. It also offers advantages for employees of a registered corporation to live in the state. As an owner, you can establish a residence to take advantage of no personal income taxes.

• Nevada only requires one person to register as a corporation, with LLCs requiring two people. That one person can hold the offices of President, Secretary, Treasurer and be the sole corporate director. Since many corporate officers are not the owners of a corporation and live worldwide, this is a big benefit, since Nevada does not have any restrictions about where corporate officers can reside nor are they required to be Nevada residents in order to incorporate their company.

• Nevada offers a safe haven for companies that incorporate within the state. Company principals can also take advantage of the liberal tax laws and find a ready supply of employees for them to tap.