Whether you are starting
a new business or growing your current one, you are faced with many options for incorporation and formation. With tax ramifications
and liability concerns to consider, an experienced attorney can help you understand how your choices will affect the future
of your business.
OR FORM AN LLC IN NEVADA?
- Nevada has
no corporate income tax.
- No taxes on corporate shares.
- No personal income tax.
- No IRS information
- Nominal annual fees.
- Minimal reporting and
- Asset protection.
Stockholders are not of public record. Stockholders, directors, officers, members and managers need not reside in
Nevada. Directors or managers do not have to be stockholders or members.
- Officers, directors,
managers are protected from personal liability for lawful acts of the business.
Nevada only one person is required to file a corporation or LLC.
- Incorporators do
not have to be residents of the state of Nevada.
- Low filing fees.
NEVADA VS. OFFSHORE
Nevada offers a high degree
of privacy, but also offers ready access to funds and other assets, whereas offshore assets are not readily accessible in
emergencies. Also, beware that offshore accounts are a red flag with the IRS, and the failure to properly report them in tax
filings may constitute a serious criminal violation. On the other hand if they are properly reported, they may trigger audits.