Nevada as a Preferred State
Nevada has a number of outstanding attributes that make it extremely attractive to entrepreneurs. Consider the following advantages to incorporating in Nevada:
Nevada has been continually ranked number one as a place to do business. Why? Nevada offers some of the most aggressive pro-business legislation in the country. Nevada provides a favorable business climate and low taxes.
Nevada has passed some of the strongest legislative pro-business laws in the country and they have done nothing but make those laws stronger in the last 40 years.
- Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens.
- Directors need not be stockholders.
- Nevada Corporations may purchase, hold, sell or transfer shares of their own stock.
- In Nevada, one person can hold all positions in a Corporation or Nevada LLC.
- No cash restrictions. In Nevada, you can issue stock for cash, property or services at the complete discretion of the board of directors, which again, can be just yourself.
Relocation is not necessary. Officers of a Corporation can live anywhere in the world. Your directors and shareholders can hold meetings anywhere. Your Corporation or Nevada LLC can also be formed easily by mail, fax or phone 1-800-648-0966 so you can incorporate in Nevada, or form a Nevada LLC without ever seeing the state.
Tax Savings For Nevada LLCs or Nevada Corporations:
- No Corporate Tax
- No Personal Income Tax
- No Franchise Tax on Income
- No Inheritance or Gift Tax
- No Admissions Tax
- No Unitary Tax
Asset Protection, Nevada LLC and Nevada Corporation:
In Nevada, liability stops with the Corporation. As an officer or director, you cannot be held responsible for lawsuits against your Corporation except in the case of outright fraud. You also have the ability to use nominee officers and directors.
Nevada also does not require Corporations to file a list of assets. Therefore, the Corporation's assets are not linked to you in any way.
No other state takes privacy as seriously as Nevada. In Nevada, there is no requirement for the names of stockholders who own an Nevada Corporation or Nevada LLC to be filed with the state.
No Cash Restrictions:
In Nevada, you can issue stock for cash, property or services at the complete discretion of the board of directors, which, as previously stated, can be just you.