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11-08-2005, 12:39 PM
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#1 |
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Confirmed User
Join Date: Sep 2005
Location: New York
Posts: 601
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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? |
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11-08-2005, 12:46 PM
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#2 |
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Confirmed User
Join Date: May 2005
Posts: 808
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its true
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11-08-2005, 12:47 PM
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#3 |
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Confirmed User
Join Date: Jul 2004
Location: SW Florida
Posts: 916
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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
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ICQ: 148.167.599 |
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11-08-2005, 12:50 PM
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#4 |
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In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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Heh I'm getting ripped off on my Nebraska corp. Nebraska has some shitty ass taxes.
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11-08-2005, 12:52 PM
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#5 | |
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Confirmed User
Join Date: Sep 2005
Location: New York
Posts: 601
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Quote:
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11-08-2005, 01:01 PM
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#6 |
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2003
Posts: 11,089
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If you're incorporated ini one state, can you change it to another state?
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11-08-2005, 01:03 PM
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#7 | |
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Viva la vulva!
Join Date: Mar 2003
Location: you can't please everyone, so you got to please yourself
Posts: 16,557
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11-08-2005, 01:29 PM
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#8 |
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Confirmed User
Industry Role:
Join Date: Jan 2003
Location: Phoenix, Az
Posts: 3,112
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I have a Nevada S-Corp , incorporated in 1998
Vcomm Internet Service, inc |
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11-08-2005, 01:31 PM
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#9 | |
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Confirmed User
Industry Role:
Join Date: Jan 2003
Location: Phoenix, Az
Posts: 3,112
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you mean no state taxes, you still pay federal taxes on your personal income
Quote:
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11-08-2005, 01:34 PM
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#10 |
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Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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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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11-08-2005, 01:35 PM
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#11 |
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Registered User
Join Date: Jul 2004
Location: Los Angeles, Ca
Posts: 1,833
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I agree with u I have aNevada corp is the way to go.
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11-08-2005, 01:38 PM
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#12 |
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Confirmed User
Join Date: Feb 2002
Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: isN'T everything
Posts: 5,394
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c-corp in NY here
 ill be inc'ing in NV soon tho
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11-08-2005, 02:04 PM
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#13 | |
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Confirmed User
Join Date: Jul 2004
Location: SW Florida
Posts: 916
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Quote:
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 
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ICQ: 148.167.599 |
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11-08-2005, 02:32 PM
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#14 | |
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Confirmed User
Join Date: Nov 2004
Location: Scottsdale, AZ
Posts: 5,167
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Quote:
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11-08-2005, 02:34 PM
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#15 | |
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I help you SUCCEED
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
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Exactly. If anyone wants to incorporate quickly, try http://www.bizfilings.com
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11-08-2005, 02:35 PM
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#16 |
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Registered User
Industry Role:
Join Date: Feb 2005
Posts: 17,227
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hell yeah
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FreeOnes
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