Why Nevada?

Advantages of Incorporating a Business in Nevada

Nevada State Corporate Network can help you succeed, Call 1-866-854-3703!

You may be surprised to find that most of the corporations with whom you are doing business in your state are Nevada corporations. Common sense dictates that there must be a reason behind this. Individuals with a thorough understanding of corporations and their dynamics know it pays to incorporate in the state with the most advantageous and lucrative corporate and tax laws.

Once upon a time, that state was Delaware but times have changed. For those interested in privacy, flexibility, tax savings and asset protection a Nevada corporation is your best bet(no pun intended). Today Nevada corporations have the best corporate and tax laws in the United States without exception.

A corporation is a citizen of the state where it was created or incorporated. Although, a corporation may purchase property or do business in another state, it is still a citizen of the state where it was incorporated. All too often unanticipated problems can arise in your home state, especially if that state has stringent laws with regards to business and taxes. When your corporation grows and begins to turn a major profit it can be extremely beneficial for that entity to be able to abandon or abort operations in your home state and retreat to a home base for protection of the laws of the state under which it is incorporated. It is no accident that Nevada happens to be the best state in which to incorporate.

One of the benefits to incorporating in a preferred state is that regardless of where the corporation does business, its inner-workings are governed by the state of incorporation. Nevada prescribes to be very advantageous.

Top 25 Reasons to Incorporate in Nevada

The primary reason to incorporate in Nevada is: Nevada is the only state which provides charging order protection for Corporate Shareholders. This means any person or manager, as a director of or officer in a Nevada Corporation, is protected from personal liability for acts committed on behalf of the corporation, by said corporation. Theres no Corporate Income Tax. Theres no Tax on Corporate Shares. Theres no Franchise Tax. Theres no Personal Income Tax. Stockholders, Directors, and Officers need not be residents of the state. Stockholders or Owners of Nevada Corporations are not Public Record. Theres no succession tax. Corporate stockholders and directors are not required to be US citizens. Stockholders and directors are not required to live or hold meetings in Nevada. Corporate meetings may be held anywhere in the world Nevada allows corporations to determine what type of stock it will issue, including assessable, non-assessable and bearer shares. Nevada allows corporate by-laws to be changed by directors. Minimum initial capital is not required. There are minimal reporting and disclosure requirements. Only the names and addresses of the corporate officers, directors and resident agent are public record. Stockholders are not a matter of public record. As an owner or investor in a Nevada corporation, you may remain anonymous if you choose. You may appoint others to positions as officers and directors, and yet retain control of the corporation through ownership. One person may act as President, Secretary, Treasurer, and Director to fulfill all disclosure requirements. Our laws allow corporations to conduct business at more than one office and also allows them to hold, purchase, mortgage, and convey real and personal property in any of the states, or dependencies of the United States, the District of Columbia, or any foreign country. Nevada corporations can guarantee, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of the shares or its capital stock, or any bonds, securities, or evidence of indebtedness. Nevada corporations may purchase, hold, sell, or transfer shares of its own stock. Nevada corporations may issue stock for labor, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions. Your corporate directors may, by majority resolution, designate one or more committees with a director or directors to manage the business of the corporation and have full power. As of March 13, 1987, officers and directors of a Nevada corporation are protected from being held liable for the acts committed on behalf of the corporation or by the corporation. Nevada is the only state in the United States that does NOT have a reciprocity agreement with the Internal Revenue Service Nominal Annual Fees

As you can see, the Silver State offers maximum flexibility and privacy while simultaneously minimizing regulation and red tape. Why do Bill Gates, Madonna, Prince, Michael Jackson, Diane Keaton, Kevin Costner, Chevy Chase, Paul Simon and most Fortune 500 Companies including, Microsoft, CiTi Bank, Amazon.com, and the Home Shopping Network all incorporate in Nevada?

These are people who can afford the best legal and tax help available anywhere. You too, can gain the benefits of incorporating in Nevada, and when you do incorporate in Nevada you will find that you have a corporation that will allow you to accomplish all of your goals and all of your objectives.

Your Nevada corporation will provide you with the highest level of privacy and asset protection available without leaving the country. Nevada is the only state that provides all the elements in its corporate laws needed for full asset protection. Nevada is also the only state with no reciprocity with the IRS. When the IRS suggested to then Governor Bob Miller that they set up a program of information exchange about taxpayers, he said "No!" He then called a press conference to expose the IRS proposal.

The value of incorporating a business and the possibilities which exist through incorporation for the savvy business person are virtually limitless. Action is imperative to properly implement a successful corporate strategy . It's not really enough to know the path on which to walk, what matters in life is whether or not we walk the path we know. Unfortunately, this is where most people fail. Let us help you succeed! Call NSCN now at 1-866-854-3703, and let us help you help your business!