Nevada Corporation and Nevada LLC Benefits

The Nevada Corporation and Nevada LLC: Understanding the Benefits of Nevada

“Some states are known for their famous governors, monuments and parks….Nevada, on the other hand, is known for its strong stance on protecting the rights of its business owners, by passing some of the most aggressive asset protection and privacy legislation in the country. ”

Nevada has a number of outstanding attributes that make it extremely attractive to entrepreneurs. Consider the following advantages to incorporating in Nevada:

Minimum Requirements:

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 1-888-273-8152 so you can incorporate in Nevada, or form a Nevada LLC without ever seeing the state.

Tax Savings For Nevada LLC 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.
It is very hard to pierce the veil of a Nevada corporation.
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.

Privacy:

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. Stockholders are anonymous-not a matter of public record.

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.

Re-location Is Not Necessary:

Officers of a Nevada corporation or a Nevada LLC can live anywhere in the world. Your directors and shareholders can hold meetings anywhere. Your Nevada corporation and Nevada LLC can also be formed easily by mail, fax or phone 1-888-273-8152 so you can incorporate in Nevada without ever seeing the state.

Wondering how A Nevada Corporation or Nevada LLC compares to other preferred states? See our Comparison chart to find out.

*All that we do is submitted and performed with the understanding that we are not engaged in rendering legal, accounting or other such professional service. If legal advice or other expert assistance is required, the services of a professional should be sought.