What Is A Nevada Corporation

A Nevada corporation is a corporation incorporated under Chapter 78 of Nevada Revised Statutes of the state of Nevada.

Nevada has changed some of its corporate laws to build a more favorable environment in which corporations can be set up.  In an attempt to compete with Delaware Nevada provides favorable administrative and tax treatment to businesses.

Benefits

The identities of shareholders do not have to be disclosed in the corporation's public records.

Directors, officers and shareholders can be non-residents of the state of Nevada.

One person can hold all corporate offices.

You do not have to pay state annual franchise tax.

There are no state corporate taxes on profits.

You do not have to pay state personal income tax.

The formation of a corporation in Nevada is easy and quick.

To setup a corporation in Nevada you must have a legal address and registered agent within the state.

Some other advantages for incorporating your business in Nevada are; along with four other states, Nevada has no corporate income tax.

Additionally with strict privacy regulations corporations in Nevada can keep their public records secret giving a business anonymity and confidentiality.

 

Corporations also get liability protection as well as flexibility in management in Nevada as the state prohibits information sharing with the IRS.

Registered Agents

If your business will not reside in the State of Nevada you can use Registered (Resident) Agents to help you setup the business and address the legal requirements for the State of Nevada.