Nevada Corporations
Nevada is known as a corporate haven because over the last few years this state has changed many of its business and taxation laws so as to attract more investment. Of late instead of Delaware being considered the corporate capital of the country, Nevada has taken over inviting business men and women from all over the country and the world to come and incorporate their businesses here.
According to figures released by Nevada's state government 1995 was a record year for the state for incorporating new businesses, while of late roughly 12% of Nevada's corporations have 'foreign corporation' status. This means that 12% of corporations in Nevada are owned and operated by non-resident Nevadans.
Some reasons to incorporate in Nevada:
- No shares tax as well as franchise tax.
- Nevada corporations have nominal annual fees.
- Nevada has no minimum initial capital requirements if you wish to incorporate your business in this state.
- The state does not share corporate any information with the IRS.
- Nevada has no corporate income taxes on businesses incorporated here.
The above are just some of the many incentives to set up a corporation in Nevada. All you require to do so is to have a resident agent and a registered office in the state. Also remember that just like with any other state, it is important that you consult with your lawyer on all legal and taxation matters so that you do not make any mistakes or run into any serious problems when filing your incorporation in Nevada.
To speed up the process of forming your Nevada corporation and getting all the necessary documents filed, then contact me for your business asset protection needs and my associates will do all the work for you. We guarantee it!