Even if your business isn’t located in the state of Nevada it still comes with many advantages to incorporate in Nevada. Nevada was just ranked the most business friendly state in the union.
Years ago the best place to protect assets was in off-shore accounts. Because of the use of off-short accounts to hide money there are penalties involved as well as risk of prosecutions and back tax bills. State are now allowing for domestic asset protection trusts. Nevada is one of those states. As well as providing asset protection for business owners. Incorporating in Nevada provides many benefits which include:
- No state income tax
- Ease of setting up and managing limited liability companies
- Privacy and asset protection
Due to the taxes on gaming in Nevada there is no need to tax profits on businesses or LLCs. Many other states including New York and California impose a tax on corporate profits. Nevada also doesn’t impose a tax on corporate stock or LLC ownership shares.
Setting up a Limited liability company is easy, especially when you work with a company like Laughlin Associates. They can help you incorporate your business and file your articles of incorporation..
Anyone who owns a business can incorporate in Nevada.
The biggest benefit of incorporating your business in Nevada is the privacy and asset protection it offers to you and your business. When your business is incorporated properly the corporate veil is hard to pierce, protecting your personal assets as well as your business. Nevada provides complete anonymity for shareholders. This protects you from frivolous lawsuits.
With all the benefits of incorporating in Nevada it’s no wonder it is becoming the most popular state to incorporate your business. No matter where you live in the United States, doing business in Nevada is a must.
By: Shannon John
Marketing Manger, Laughlin Associates, Inc.
Nevada Ranked Most Business Friendly State in the Union by Steve