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?

its true

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

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

FUCK YEAH!! They sure as fuck are the way to go :thumbsup

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

In a word, yes.

I have a Nevada S-Corp , incorporated in 1998

Vcomm Internet Service, inc

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

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.

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

c-corp in NY here :(


ill be inc'ing in NV soon tho

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 :2 cents:

Yes, speak to your lawyer

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

hell yeah