Why Nevada?

One of the first decisions you have to make upon deciding to incorporate involves selecting the proper state of incorporation. Since you are not required to incorporate in the state where your business will primarily operate, you can choose from any one of the 50 states or the District of Columbia.

You may be surprised to find that most of the corporations with whom you are doing business in your state are NOT incorporated in your home state. Common sense tells you that there has to be a reason. What's the reason? Obviously the reason is that people who really understand the ball game know it pays to incorporate in the state with the most advantageous corporation and tax laws.

Once upon a time, that was Delaware. That is no longer true for those interested in privacy, flexibility, tax savings and asset protection. Now Nevada has the best corporation and tax laws in the United States.

A corporation is a citizen of the state where it is created or incorporated. A corporation does not cease to be a citizen of the state in which it is incorporated by engaging in business or acquiring property in another state. All too often unanticipated problems can arise in your home state, particularly if that state is tough on business and taxes. If your business grows and begins to make a major profit, then it can be a Godsend for the corporation to be able to abandon or abort operations in your home state and retreat to a home base for protection of the laws of the state under which it is incorporated. It is no accident that Nevada happens to be the best state in which to incorporate.

One of the benefits to incorporating in a preferred state is that regardless of where the corporation does business, its inner-workings are governed by the state of incorporation. Nevada prescribes to be very advantageous.

Advantages Of Nevada Corporations

Nevada has NO Corporate Income Tax Nevada has NO Tax on Corporate Shares Nevada has NO Franchise Tax Nevada has NO Personal Income Tax Stockholders, Directors, and Officers need NOT be residents of Nevada Stockholders or Owners of Nevada Corporations are NOT Public Record Nevada has NO succession tax. Nevada corporate stockholders and directors are NOT required to be US citizens. Stockholders and directors are NOT required to live or hold meetings in Nevada. Corporate meetings may be held anywhere in the world Nevada allows corporations to determine what type of stock it will issue, including assessable, non-assessable and bearer shares. Nevada allows corporate by-laws to be changed by directors. Minimum initial capital is NOT required. There are minimal reporting and disclosure requirements. Only the names and addresses of the corporate officers, directors and resident agent are public record. Stockholders are NOT a matter of public record. As an owner or investor in a Nevada corporation, you may remain anonymous if you choose. You may appoint others to positions as officers and directors, and yet retain control of the corporation through ownership. One person may act as President, Secretary, Treasurer, and Director of a Nevada corporation, fulfilling all disclosure requirements. Nevada allows corporations to conduct business at more than one office and also allows them to hold, purchase, mortgage, and convey real and personal property in any of the states, or dependencies of the United States, the District of Columbia, or any foreign country. Nevada corporations can guarantee, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of the shares or its capital stock, or any bonds, securities, or evidence of indebtedness. Nevada corporations may purchase, hold, sell, or transfer shares of its own stock. Nevada corporations may issue stock for labor, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions. Your corporate directors may, by majority resolution, designate one or more committees with a director or directors to manage the business of the corporation and have full power. As of March 13, 1987, officers and directors of a Nevada corporation are protected from being held liable for the acts committed on behalf of the corporation or by the corporation. Nevada is the only state in the United States that does NOT have a reciprocity agreement with the Internal Revenue Service Nominal Annual Fees

As you can see, the state of Nevada offers maximum flexibility, maximum privacy, and a minimum of regulation and red tape. Why do Bill Gates, Madonna, Prince, Michael Jackson, Diane Keaton, Kevin Costner, Chevy Chase, Rodney Dangerfield, Paul Simon and most Fortune 500 Companies including, Microsoft, CiTi Bank, Amazon.com, and the Home Shopping Network all incorporate in Nevada? These are people who can afford the best legal and tax help available anywhere. You too, can gain the benefits of incorporating in Nevada, and when you do incorporate in Nevada you will find that you have a corporation that will allow you to accomplish all of your goals and all of your objectives.

Your Nevada corporation will provide you with the highest level of privacy and asset protection available without having to leave the country. Nevada is the only state that provides all the elements in its corporate laws needed for full Asset Protection. Nevada is the only state with NO reciprocity with the IRS. When the IRS suggested to then Governor Bob Miller that they set up a program of information exchange about taxpayers, he said "NO." He then called a press conference to expose the IRS proposal.

The value of incorporating and the possibilities which exist through incorporating for the savvy business person are virtually endless. What is necessary more than anything else in implementing corporation strategies is action. It's not really enough to know things that can be done, what matters in life is whether or not we do the things which need to be done. Unfortunately, this is where most people fail. So take the step, and call a NSCN corporate consultant today! 1-800-910-9919