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BUSINESS ENTITIES

WHY INCORPORATE OR FORM AN LLC IN NEVADA?

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.

  • Asset protection - LLC members/managers, LLP partners/managers, and corporate stockholders have no personal liability for company debts and obligations.
  • Nevada has no corporate income tax.
  • No taxes on corporate shares.
  • No franchise tax.
  • No personal income tax.
  • No IRS information sharing agreement.
  • Nominal annual fees.
  • Minimal reporting and disclosure requirements.
  • Privacy: 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.
  • In 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.