Advantages of a Nevada Corporation

Advantages of a Nevada Corporation

Incorporate in Nevada offers many advantages as a preferred corporate state:

• Nevada has no state corporate taxes
• Nevada has no franchise tax
• Nevada has no tax on corporate shares
• Nevada has no personal income tax
• Nevada provides total privacy of shareholders
• Nevada is the only state without a formal information-sharing agreement with the IRS
• Nevada is the only state that allows for the issuance of bearer shares
• Nevada has minimal reporting and disclosure requirements
• Nevada has nominal annual fees
• Nevada allows for a one-man corporation
• Nevada has established case law that prevents easy piercing of the corporate veil
• Corporate officers and directors can be protected from any personal liability for their lawful acts on behalf of the corporation
• Stockholders, directors and officers need not live or hold meetings in Nevada , or even be U.S. citizens
• Only the names and addresses of the officers and directors are on public records. No other information, listings, or minutes of meetings are filed with the State
• There is no minimum initial capital requirement to incorporate
• Nevada corporations may issue stock for capital, services, personal property, or real estate. The directors alone may determine the value of any such transactions, and their decision is final