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Does Anyone own a Navada Corp.? Does Anyone own a Navada Corp.?
Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 12-17-2004, 07:34 PM   #1
Head
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Does Anyone own a Navada Corp.?
I just formed one.
What perks do you enjoy from it?
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Old 12-17-2004, 07:37 PM   #2
Giorgio_Xo
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I save the 9% I used to give to California.
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Old 12-17-2004, 07:48 PM   #3
sirrobin
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Originally posted by Giorgio_Xo
I save the 9% I used to give to California.
Just hope you dont get audited. You are taxed where you do business not where you are incorporated
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Old 12-17-2004, 07:49 PM   #4
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Is that anything like a "Nevada Corporation"?
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Old 12-17-2004, 08:08 PM   #5
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Originally posted by sirrobin
Just hope you dont get audited. You are taxed where you do business not where you are incorporated
Yes. I don't think i'll pull any shit like that.
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Old 12-17-2004, 09:15 PM   #6
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actually your half right, if your incorportaed in nevada (I am) then you do not pay taxes on what the company makes (federal taxes), but if you live in another state (like I do now) you still have to pay business taxes on what the company pays to its employees. Even if you live in nevada you still have to pay the business taxes, the rates just change with the state you live in.

I have a company that does my payroll and payroll taxes for me and make the deposits so I do not have to worry about doing it myself.


Quote:
Originally posted by sirrobin
Just hope you dont get audited. You are taxed where you do business not where you are incorporated
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Old 12-17-2004, 09:31 PM   #7
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Quote:
Originally posted by sirrobin
Just hope you dont get audited. You are taxed where you do business not where you are incorporated

Untrue
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Old 12-17-2004, 09:38 PM   #8
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Originally posted by Head
I just formed one.
What perks do you enjoy from it?
Quite a few
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Old 12-17-2004, 09:38 PM   #9
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What perks do you enjoy from it?
My CPA enjoys it, not me.
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Old 12-17-2004, 09:42 PM   #10
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I read in a book on how to hide assets that a big advantage to a Nevada corp was that people (except govt) could not find out who owned the corp. Any truth to that?
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Old 12-17-2004, 09:42 PM   #11
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None, unless you are a resident and then you can save the state tax.
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Old 12-17-2004, 09:43 PM   #12
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I read in a book on how to hide assets that a big advantage to a Nevada corp was that people (except govt) could not find out who owned the corp. Any truth to that?
Of course. Nominees. But with Patriot Act IV around the corner - it means shit.
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Old 12-18-2004, 12:17 AM   #13
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Yes, I do.

The advantages are no state income taxes for the corporation. I live in Texas so I don't pay personal income taxes either.

It is possible for a certain amount of anonymity if the corporation is setup correctly. There are requirements for corporate meetings and minutes. I'm assuming you handled everything through a Nevada attorney and you have an "corporate office" in the state.
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Old 12-18-2004, 12:59 AM   #14
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Its something like a Nevada corp.
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Old 12-18-2004, 08:51 AM   #15
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Quote:
Originally posted by Kingpins
Its something like a Nevada corp.
Yes.
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