Incorporation in Nevada has become an attractive option for savvy business entrepreneurs, and for good reason. Nevada corporations enjoy many benefits just not available anywhere else. We will not only investigate why this is so, but you will also know what to be aware of when incorporating in Nevada, and how to avoid the most common first-time mistakes.
Advantages of Nevada Corporations
A Nevada corporation has many benefits above its cousins in other states. Namely, business owners enjoy the following benefits from having their businesses incorporate in Nevada:
• Very favorable taxation environment. There are no taxes on corporate or even private income, capital, corporate shares or even equity transfers. Nevada also doesn't have a franchise tax.
• Corporate meetings can be conducted anywhere. They don't have to be held in the state.
• Officers and directors of the corporation do not have to be residents of the state or U.S. citizens
• Minimal reporting and disclosure requirements. No annual report of stockholder meeting dates is required; only the current list of officers and directors is necessary.
• Directors don't have to be shareholders, and can be nominees
• Bearer shares are permitted
• Shareholders aren't public record. Nevada statutes even have sanctions against the use of corporate records by those outside of the corporation in a manner detrimental to shareholder interests
• No IRS information sharing agreement
Advantages of Nevada Corporations
A Nevada corporation has many benefits above its cousins in other states. Namely, business owners enjoy the following benefits from having their businesses incorporate in Nevada:
• Very favorable taxation environment. There are no taxes on corporate or even private income, capital, corporate shares or even equity transfers. Nevada also doesn't have a franchise tax.
• Corporate meetings can be conducted anywhere. They don't have to be held in the state.
• Officers and directors of the corporation do not have to be residents of the state or U.S. citizens
• Minimal reporting and disclosure requirements. No annual report of stockholder meeting dates is required; only the current list of officers and directors is necessary.
• Directors don't have to be shareholders, and can be nominees
• Bearer shares are permitted
• Shareholders aren't public record. Nevada statutes even have sanctions against the use of corporate records by those outside of the corporation in a manner detrimental to shareholder interests
• No IRS information sharing agreement
Article Source: http://ezinearticles.com/?Nevada-Incorporation:-The-Advantages-of-Incorporating-in-Nevada&id=56748
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