Advantages of Nevada Incorporation or LLC Formation.
- jzgersten
- Mar 31, 2016
- 1 min read
Nevada incorporation carries many benefits, among which are the following:
Nevada doesn't tax corporate profits or LLC profits.
Nevada doesn't tax corporate shares or LLC ownership. Some states (not many, mind you) tax individual shares in a company.
Nevada has no franchise tax.
Nevada has no personal income tax.
Nevada doesn't have an Information Sharing Agreement with the IRS. (There's no information to share, because there is no income tax department).
Shareholders in a Nevada corporation and owners in a Nevada LLC are not a matter of public record-shareholders can remain completely anonymous.
Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation.
Nevada corporations may purchase, hold, sell or transfer shares of its own stock.
Nevada corporations and LLCs may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
The Nevada secretary of state's office provides excellent customer service and excellent web support.
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