Nevada Corp's are they truly the way to go??

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  • youngnat
    Confirmed User
    • Sep 2005
    • 601

    #1

    Nevada Corp's are they truly the way to go??

    Anyone do research on Nevada Corp's? I think its the best State to incorporate a good book on it is Bullet Proof Assets

    Has anyone done so?
  • loxapinedreams
    Confirmed User
    • May 2005
    • 808

    #2
    its true
    www.adulttrades.net
    www.instantadultbiz.com
    GIRLIE BANK!

    Comment

    • GFX Wiz
      Confirmed User
      • Jul 2004
      • 916

      #3
      I have a Nevada LLC...

      Advantages of Nevada LLC:

      * No corporate income tax in Nevada
      * No taxes on corporate shares
      * No franchise tax in Nevada, unlike Delaware
      * No personal income tax
      * No I.R.S. Information Sharing Agreement
      * Nominal annual fees
      * Minimal reporting and disclosure requirements
      * Stockholders are not public record, and directors need not be stockholders
      * Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens
      * Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation
      ICQ: 148.167.599

      Comment

      • Sosa
        In Tushy Land
        • Oct 2002
        • 40149

        #4
        Heh I'm getting ripped off on my Nebraska corp. Nebraska has some shitty ass taxes.

        Comment

        • youngnat
          Confirmed User
          • Sep 2005
          • 601

          #5
          Originally posted by GFX Wiz
          I have a Nevada LLC...

          Advantages of Nevada LLC:

          * No corporate income tax in Nevada
          * No taxes on corporate shares
          * No franchise tax in Nevada, unlike Delaware
          * No personal income tax
          * No I.R.S. Information Sharing Agreement
          * Nominal annual fees
          * Minimal reporting and disclosure requirements
          * Stockholders are not public record, and directors need not be stockholders
          * Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens
          * Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation
          FUCK YEAH!! They sure as fuck are the way to go

          Comment

          • NinjaSteve
            Too lazy to set a custom title
            • Dec 2003
            • 11089

            #6
            If you're incorporated ini one state, can you change it to another state?
            ...

            Comment

            • mikeyddddd
              Viva la vulva!
              • Mar 2003
              • 16557

              #7
              Originally posted by youngnat
              Nevada Corp's are they truly the way to go??
              In a word, yes.

              Comment

              • venus
                Confirmed User
                • Jan 2003
                • 3112

                #8
                I have a Nevada S-Corp , incorporated in 1998

                Vcomm Internet Service, inc
                Muscle/Fitness Adult Affiliate Program
                Since 1997 www.venuscash.com

                Comment

                • venus
                  Confirmed User
                  • Jan 2003
                  • 3112

                  #9
                  you mean no state taxes, you still pay federal taxes on your personal income

                  Originally posted by GFX Wiz
                  I have a Nevada LLC...

                  Advantages of Nevada LLC:

                  * No personal income tax
                  Muscle/Fitness Adult Affiliate Program
                  Since 1997 www.venuscash.com

                  Comment

                  • Peaches
                    Old broad
                    • Oct 2002
                    • 13933

                    #10
                    It all depends on YOUR situation. Because I'm a small S-Corp it wouldn't have saved me a dime to incorporate in NV. Talk to your CPA/accountant and if they are worth anything, they will be able to tell you if you will save money incorporating in Nevada, Delaware, your home state, etc.

                    Comment

                    • NichePay_Manny
                      Registered User
                      • Jul 2004
                      • 1833

                      #11
                      I agree with u I have aNevada corp is the way to go.

                      Comment

                      • Triple 6
                        Confirmed User
                        • Feb 2002
                        • 5394

                        #12
                        c-corp in NY here


                        ill be inc'ing in NV soon tho
                        SIG TOO SMALL! Maximum 1200x600 button and no more than 30 text lines of ALL SIZES and COLORS. Unless your sig is for a GFY top banner sponsor, then you may use a 6240x4800 instead of a 1024x800.

                        Comment

                        • GFX Wiz
                          Confirmed User
                          • Jul 2004
                          • 916

                          #13
                          Originally posted by venus
                          you mean no state taxes, you still pay federal taxes on your personal income
                          This is true -- I was copying and pasting from the website I acquired my LLC through.

                          At least there is no double taxation and the tax form for the LLC is super simple since you claim the income on your personal tax return -- and you can have foreign partners and still have the tax advantages of an S-Corp.

                          Your sig gives me wood
                          ICQ: 148.167.599

                          Comment

                          • azguy
                            Confirmed User
                            • Nov 2004
                            • 5167

                            #14
                            Originally posted by NinjaSteve
                            If you're incorporated ini one state, can you change it to another state?
                            Yes, speak to your lawyer

                            Comment

                            • $5 submissions
                              I help you SUCCEED
                              • Nov 2003
                              • 32195

                              #15
                              Exactly. If anyone wants to incorporate quickly, try http://www.bizfilings.com


                              Originally posted by GFX Wiz
                              I have a Nevada LLC...

                              Advantages of Nevada LLC:

                              * No corporate income tax in Nevada
                              * No taxes on corporate shares
                              * No franchise tax in Nevada, unlike Delaware
                              * No personal income tax
                              * No I.R.S. Information Sharing Agreement
                              * Nominal annual fees
                              * Minimal reporting and disclosure requirements
                              * Stockholders are not public record, and directors need not be stockholders
                              * Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens
                              * Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation

                              Comment

                              • spideriux
                                Registered User
                                • Feb 2005
                                • 17227

                                #16
                                hell yeah
                                FreeOnes

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