Nevada is one of the most popular places in America to form business entities. Executives and business owners from around the world have set up Nevada companies without ever actually stepping foot into the State. They do this because of a number of important advantages.
Nevada State Quarter
Privacy
Nevada offers a great deal of privacy.
- Nevada requires a minimal amount of disclosure.
- Nevada does not maintain public records of shareholder information and it does not require disclosure of shareholder information.
- Nevada is the only state that does not have an information sharing agreement with the Internal Revenue Service.
Asset Protection
Nevada law respects the separate status of business entities and it is difficult to pierce the “corporate veil.” In other words, as long as a Nevada business entity is run correctly, it is unlikely that separate assets of members, officers and shareholders of the entity will be used to satisfy a judgment.
Cost
Compared to other states, the cost of forming a Nevada business entity is low. The annual cost of maintaining a Nevada business entity is also very reasonable.
Tax
Nevada is world famous for its tax advantages:
- No corporate income tax
- No personal income tax
- No capital gains tax
- No tax on intellectual property transactions (royalties)
- No franchise tax
- No unitary tax
- No inventory tax
- No inheritance tax
- No estate tax
- Low sales tax rates
- Low property tax rates
Nevada Business Convenience & Flexibility
- The Nevada Secretary of State’s Office is business friendly.
- One individual can act as a shareholder and director and hold all executive offices.
- Stock can be transferred instantly and privately, without filing public notice.
- Nevada does not impose a minimum capital investment requirement on LLCs and corporations.
- Written consent is accepted to serve as binding resolution adopted by shareholders or directors to approve a particular action.
- Corporations may purchase, own, hold, sell, transfer, pledge, or assign shares of their own stock.
- Stock can be issued for nearly any consideration.
- Directors can change bylaws.
Out of State Benefits
- LLCs and Corporations can be formed in Nevada without coming to the State.
- LLCs and corporations can be headquartered anywhere in the world.
- Company records do not need to be physically located in Nevada.
- You do not have to be a U.S. citizen to form a regular Nevada corporation or LLC.
- Aside from the registered agent, owners are not required to maintain a physical address within Nevada.