* 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
* 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
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.
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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.
* 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
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