Skip to content
Navigation

702-871-8678

News

Wyoming Mail Forwarding

Date: 08/03/2017 | Category: | Author: Jakub Vele

Wyoming Mail Forwarding $99 per year

Virtual address and mail forwarding in Casper, Wyoming

All mail that we receive on your behalf is entered into our system and scanned daily. We will immediately notify you by email once this process has been completed. You have the ability to select which articles of mail should be scanned. For example, you have the option to choose to have all incoming mail scanned automatically. Or, you may choose to only have selected letters entered into the system (e.g. you may want to verify who the sender is before the article of mail is scanned into the system). We offer several flexible and low-cost plans for our re-mailing and scanning services.

We offer several flexible and low cost plans for our re-mailing and scanning services.

New Clients Mail Forwarding

New Clients

Initial pricing starts at $99 per year

For more information about Mail Forwarding for New Clients visit our page New Clients: Forms & Pricing.

 

Order online

Existing Clients Renewals Mail Forwarding

Existing Clients Renewals

You may renew your service or pay for outstanding postage.

Use this option for the renewal of your service, or to pay for posting and handling fee deposits.

 

Order online

Virtual Office and License Hanging System

Wyoming Virtual Office and License Hanging System

from $45 per month

These services are aimed towards those who need a larger presence for their company in Wyoming.

Order online

If you need more information about our Mail Forwarding plans, how our mail forwarding and virtual mailbox works, and the Scanning options that are available to you, please visit our page which contains more detailed information.

Articles

Date: 07/07/2015 | Category: | Author: Jakub Vele

What you receive when filing Corporation or LLC in Nevada

When you file paperwork with Nevada Secretary of State to set up Corporation this is what you will receive:

When you file paperwork with Nevada Secretary of State to set up LLC this is what you will receive:

Additional Services

Date: 06/24/2015 | Category: | Author: Jakub Vele

Additional Services

NV State Filings

We notify our clients about Annual lists due on their companies, but we also offer additional filings:

– More services can be found here

IRS filing

  • Tax ID – EIN – Every company needs a Tax ID. We can either obtain one for you or prepare the SS-4 form for you.
  • S status election – If you want you C Corp be taxed as S Corp use the S Corp election on the order form.
  • EDGAR Filing Services – EDGAR is an electronic filing system which was developed by the SEC for increasing the accessibility and efficiency of the corporate filings in the USA. The EDGAR filing system is utilized by each and every publicly traded corporation when they need to submit the important documents to the SEC.

Kits

If you want full service we can prepare the meetings and fill out the forms for you for a small fee:

Partners

We can help you with referrals for CPA or bookkeeping. Let us know what you are looking for and we will check if we can offer you a good referral.

Here is the list of preferred partners:

FAQ

Date: | Category: | Author: Jakub Vele

Frequently Asked Questions about incorporating

General Incorporating FAQ

Do you have to have an address of the actual business in Nevada?

No, you dont need the address of the business to be in Nevada. A Nevada address is not part of the Articles of Incorporation. The State of Nevada is not asking about the address or place of business in the incorporation process. We, as a resident agent and incorporator, ask about the contact address, which is just for our records. You only have to provide the address of first director. It can be any addresss. It doesn’t have to be specifically home or business. It can be for example PO BOX. If you need address in Nevada you can order our Mail forwarding service, which includes street address.

See how Nevada Articles looks likeSet up Nevada CorporationSet up Nevada LLC

Do you have to have a bank account in Nevada?

You dont need a Nevada bank account and you also dont need to operate your business in Nevada. We work for many international clients who are using Nevada corporations for doing business in other countries. You are free to do business and open a bank account in any state or country in the world. If you need bank account in Nevada please visit this page for more info. We will give you personal contacts to banks we work with. You will be able to open bank account over the phone or fax. It is very easy process

We have great personal contacts in several banks for business accounts and loans. We will provide them to you once you incorporate.

What else do I have to pay after the set up fee and for what? Are there any other costs involved?

Every company in Nevada is required to file the form called “Initial List of officers and directors (or Initial List of Members or Managers)”. Initial/Annual list for Corporations (INC) and Limited Liability Company (LLC) is $150.  We always mail the form together with the incorporation paperwork. If you didn’t receive it,  please call our office or visit website with Initial list forms.

State business license fee for Corporations (INC) is $500 + $45 our processing fee and for Limited Liability Company (LLC) is $200 + $45 our processing fee. State Business License is mandatory with each Initial/Annual List.

We charge only $10 to file the list for you. Order here.

How long does it take to get a Tax ID number? How do I obtain a Tax ID number?

You can get it over the phone right away if your filing is finished. There are four ways how to obtain TAX ID (Employment Identification Number EIN). By phone, fax, mail, or now the internet. Please go to our resource page to download forms and instructions for FREE.

Obtaining Tax ID doesn’t cost any money. You can now get Tax ID instantly over the Internet. Please check information on our website and direct link.

What are the advantages to incorporate in Nevada?

Can I conduct business in other states?

Yes! Citizens of other states and foreign countries are able to own and operate a Nevada corporation. They are welcomed and encouraged to do this. You can live anywhere in the world, it’s no problem. Nevada law does not require your shareholders or directors meetings to ever be held in Nevada. When doing business in another place you must comply with local laws and licensing of the state in which you do business.

We can help you to register your Nevada company to do busines in any U.S. State. The process is called foreign qualification.

What are the rules for corporate names? Are the name endings like LLC, INC. required?

The name must not be the same, or deceptively similar to, the name of any corporation, limited partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability company, or a name reserved for use of any other proposed corporation, unless written consent of the person or other entity for whom the name is reserved is filed with the articles. A name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name, except with an additional word such as “Incorporated,” “Limited,” “Inc.,” “Ltd.,” “Company,” “Co.,” “Corporation,” “Corp.,” or other word identifying it as not being the name of a natural person. If the name implies banking, trust, or insurance powers, prior approval of the banking superintendent or insurance commissioner is needed.

See complete rules for Nevada here. We always check if the rules are followed when filing incorporation paperwork.

Our service FAQ

How long have we been in the Incorporation business? Our references?

We have incorporated hundreds of companies in Europe and worldwide. We have been in Nevada since 2001. We offer very aggressive and competetive pricing packages. We work hard to get most of the orders processed very quickly.

Read about us here.

Do you provide a corporate kit? Do I need a kit? Is a kit part of our offer?

If you have filed Articles of incorporation, you have a legal company. A corporate/LLC kit, which consists of a personalized binder, minutes, by-laws/operating agreement, resolutions, share/membership certificates (and a corporate seal)  is not necessary to be legal. It is, however, useful in terms of both organizing your paperwork and helping structure your corporation optimally. Additionally, record keeping is a critical part of maintaining your corporation’s good standing.

You can order kit through our website.

Can you obtain a certificate of good standing?

A certificate of good standing, which is also called a certificate of existence, is a document issued by the Secretary of State which certifies that your corporation does exist legally and that it is in good standing with the State. We can obtain one for you.

We can help you to obtain Certificate of Good Standing. We can do also take care of Apostille, Amendments, Dissolutions, etc.

Can you change the amount of shares after you already set up the corporation and how?

To change the amount of shares your corporation is authorized to issue can be done by changing Articles. It is done by Amendment and by Restating Articles.  We charge $89 + state fees for doing any amendments or restating Articles.

We can file amendment for you.

How can I pay if I have trouble with Paypal or Credit Card?

You can always mail a personal check, money order or cashier check. We can also email you information for wire transfer. You can also fax credit card authorization form. Just print it out and fax to us. Credit card authorizaton forms are available on each product page.

For fast processing of expedite orders please don’t use personal checks. Personal checks take an additional 3-4 business days to clear. If you are OK with delay you can use them.

We appreciate your business!

Questions about different entities

What is the difference between INC and LLC?

“LLC” and “Corporation” have many of the same characteristics. The most important characteristic they share is that they both offer limited liability protection to its owners. Typically, shareholders are not liable for the debts and obligations of the corporation; thus, creditors will not come knocking at the door of a shareholder to pay debts of the corporation. In a partnership or sole proprietorship the owner’s personal assets may be used to pay debts of the business. With an LLC, the members are not personally liable for the debts and obligations of the corporation.

There are many important differences between the corporation and LLC. The entities are taxed differently. An LLC is a pass-through tax entity. This means that the income to the entity is not taxed at the entity level; however, the entity does complete a tax return. The income or loss as shown on this return is “passed through” the business entity to the individual shareholders or interest holders, and is reported on their individual tax returns.

With a standard corporation, the corporation is a separately taxable entity. Corporations are treated as a separate legal taxable entity for income tax purposes. Therefore, corporations pay tax on their earnings. If corporate earnings are distributed to shareholders in the form of dividends, the corporation does not receive the reasonable business expense deduction, and dividend income is taxed as regular income to the shareholders. Thus, to the extent that earnings are distributed to shareholders as dividends, there is a double tax on earnings at the corporate and shareholder level. We can do S Corporation status election with IRS for $25

What is the difference between a "C" and an "S" corporation?

All corporations start life as “C” corporations. As a benefit to small businesses, which meet certain criteria, the Internal Revenue Service allows them to apply (via form 2553) for “S” status. This means that the corporation will be taxed similarly to a partnership, with each shareholder reporting the profit or loss of the corporation on his personal tax return, in proportion to the percentage of shares he holds. This means that if there is a loss the shareholder can use it to offset his other tax obligations. If there is a profit it is taxed once, at the individual’s tax rate, rather than twice (a “C” corporation will pay a tax on profits and individual shareholders will be taxed again when those profits are distributed as dividends.) We can do S Corporation status election with IRS for $25

Are there any drawbacks to being an "S" corporation?

The main negatives are the restrictions. There cannot be more than 100 shareholders; non-resident or non-US citizens may not be shareholders; and the tax year is somewhat inflexible (it usually must end on Dec. 31). Qualified trusts, or exempt organizations can be shareholders of an S Corporation. We can do S Corporation status election with IRS for $25

What is the difference between an "S" corporation and a Limited Liability Company?

In terms of reporting income, they are quite similar. The LLC is somewhat less restrictive than the “S” corporation. There can be any number of members, and there are few restrictions on who those members may be. They are also a relatively new entity, so there is not as great a definitive body of tax rulings on them as there is with corporations. We can do S Corporation status election with IRS for $25

Why incorporate as Close Corporation?

A business in the state of Nevada can be incorporated either under Nevada Revised Statutes Chapter 78 Private Corporations or Nevada Revised Statutes Chapter 78A Close Corporations. In order to file as a close corporation, NRS 78A.020 requires that the number of shareholders shall not exceed 30.

Why incorporate as a close corporation under NRS Chapter 78A? The vast majority of individuals incorporate their businesses in order to limit their liability to their investment in the corporation. Even if a business is incorporated, a shareholders personal assets my still be reached by creditors of the corporation in order to pay the debts of the corporation, including civil judgments against the corporation. This occurs when a court of competent jurisdiction pierces the ” corporate veil“.

The term corporate veil is a legal “terrm of art” for the state statutory protection limiting the liability of shareholders of a corporation to their investment in the corporation. A court can pierce the corporate veil for various reasons. One of the many reasons for piercing the corporate veil, and the one which is relevant at hand, is when the corporation does not strictly comply with the state’s strict statutory requirements for record keeping and the holding of meetings. A business incorporated under NRS Chapter 78 must strictly comply with the record keeping and meeting requirements promulgated under NRS Chapter 78 or risk having its corporate veil pierced by a court in a civil suit. In other words, a close corporation can be operated informally, while a business incorporated under NRS Chapter 78 must be operated formally.

A business incorporated as a close corporation under NRS Chapter 78A does not have to strictly adhere to the record keeping and meeting requirements of NRS Chapter 78. Consequently, a business incorporated under NRS Chapter 78A rather than NRS 78 has less of a chance of having its corporate veil pierced.

Another advantage of incorporating a business under NRS Chapter 78A rather than NRS Chapter 78 is that a close corporation is not required to have a board of directors, the corporation can be directed directly by the shareholders.

It must be pointed out that a business incorporated under NRS Chapter 78A is still governed by those provisions of NRS Chapter 78 which are not inconsistent with NRS Chapter 78A. Also, NRS Chapter 78 places restrictions on the transfer of stock in a close corporation which must be conspicuously printed on the shares of the corporation.

Order your Nevada Close Corporation online now!

Corporations INC FAQ

What do the terms "articles," "meeting" "bylaws" and "minutes" mean?

Articles of Incorporation
The Articles of Incorporation is the primary legal document of a corporation; it serves as a corporations constitution. The articles are filed with the proper state government to begin corporate existence. The articles contain basic information on the corporation as required by state law.

Organization Meeting
The organizational meeting completes the formation of the corporation. At the organizational meeting, a number of initial tasks are completed such as: the Articles of Incorporation are ratified; the initial shares are issued; officers are elected; bylaws are approved; and a resolution authorizing the opening of bank account is passed. If the initial directors are named in the Articles of Incorporation, they can hold the organizational meeting. If they are not named, then the organizational meeting is held by the incorporator.

Bylaws
Bylaws are rules and regulations adopted by a corporation for its internal governance. They usually contain provisions relating to shareholders, directors, officers and general corporate business. At the corporations initial meeting, the bylaws are adopted. Bylaws are a private document not filed with any state authority.

Minutes
The Board of Directors and shareholders transact business at meetings, with decisions being typically made by majority vote. Certain formalities must be followed in holding Board of Directors and shareholder meetings. The meetings must be held pursuant to notice. Notice may be waived if the waiver is done in writing. The secretary or other person mailing the notice should complete an affidavit of mailing notice, and the minutes of the meeting should be recorded. The notice document, affidavit or waiver should all be attached to the minutes of the meeting.

Are directors' and officers' names a matter of public record?

Yes. Names and addresses are filed with the state and are therefore available to anyone. Nevada requires this filing annually. They do not require notification of intervening changes.

What is the responsibility of the president, treasurer and secretary?

The president is typically responsible for entering into contracts on behalf of the corporation; the treasurer is responsible for maintaining and accounting for corporate funds; and the secretary is responsible for observing corporate formalities and maintaining corporate records.

In addition to these required officer positions, a corporation may also have vice presidents and/or assistant secretaries or assistant treasurers.

Typically, the authority and responsibilities of each officer is described in the corporate bylaws and may be further defined by an employment contract or job description.

The President: The president has the overall executive responsibility for the management of the corporation and is directly responsible for carrying out the orders of the Board of Directors. The Board of Directors usually elects him or her.
The Treasurer: The treasurer is the chief financial officer of the corporation and is responsible for controlling and recording its finances and maintaining corporate bank accounts. Actual fiscal policy of the corporation may rest with the Board of Directors and be largely controlled by the president on a day-to-day basis.
The Secretary: The secretary is typically responsible for maintaining the corporate records.Under normal circumstances, officers, directors, managers, etc. do not have personal liability for lawful acts of the corporation. In addition, in Nevada statutes, the owners are not the appropriate party to a lawsuit. The company may also indemnify any officer, director, manager, etc. from personal liability.

What are the directors' and officers' corporate liability?

Under normal circumstances, officers, directors, managers, etc. do not have personal liability for lawful acts of the corporation. In addition, in Nevada statutes, the owners are not the appropriate party to a lawsuit. The company may also indemnify any officer, director, manager, etc. from personal liability.

What is a Board of Directors?

The Board of Directors is essentially the management body for the corporation. Responsibilities of the Board of Directors include establishing all business policies and approving major contracts and undertakings. In addition, the board may also elect the president. The officers and employees under the directives and supervision of these directors carry out ordinary business practices of the corporation.

The directors must act collectively for their votes and decisions to be valid. That’s why directors may only act at a Board of Directors meeting. This, however, requires certain formalities. One such formality is that the directors all must be notified of a forthcoming meeting in a prescribed manner, although this can be waived or provided for in the corporation’s Articles of Incorporation or bylaws.

For a directors’ meeting to be valid, there must also be a quorum of directors present. A quorum is usually a majority of the directors then serving on the board; however, the bylaws may specify another minimum number or percentage.

The Board of Directors must meet on a regular basis (monthly or quarterly), but in no case less than annually. These are the regular board meetings. The board may also call special meetings for matters that may arise between regular meetings. In addition, boards may call a special shareholders’ meeting by adopting a resolution stating where and when the meeting is to be held and what business is to be transacted.

The first meeting of the Board of Directors is important because the bylaws, the corporate seal, stock certificates and record books are adopted. Board members, like officers, have a fiduciary duty to act in the best interests of the corporation and cannot put their own interests ahead of the corporation’s. The board must also act prudently and not negligently manage the affairs of the corporation.

Finally, the board must make certain that it properly exercises its authority in managing the corporation and does not abrogate its responsibilities to others. This means that the board must be very careful to document that each board action was reasonable, lawful and in the best interests of the corporation. This is particularly true with matters involving compensation, dividends and dealings involving officers, directors and stockholders. The record or corporate minutes of the meeting must include the arguments or statements to support the board’s action and why must detail why the action was proper.

Can you change the directors or add new ones?

You can change or add new directors anytime. If you want the Secretary of State to record the change, you have to submit a new Annual List of Officers and Directors.
See forms for Annual List of Officers or Managers here.

What do we do if there are more directors than the order form allows?

Please fax us the information with the extra names of the officers, the name of the corporation and contact information.

Do the directors need to have a Nevada address to make it a legitimate corporation?

No, there is no need to have a Nevada address. A P.O. box address anywhere in the world is fine.

If I have a Nevada corporation, but I am doing business in California, do I also need a Nevada business license?

No. If you are doing business in California, you need a business license for California only; you don’t need one for Nevada if your company is not physically there doing business.

Can I receive instant credit by buying a shelf corporation that has established credit? Can you provide shelf corporations?

A “shelf corporation,” by definition, has not had any business transacted or stock issued. Basically, it should have been “sitting on the shelf”. There are some advantages to an Aged corporation for specific situations, but instant credit is not one of them. The lender would need to see the ability to repay the loan, assets that could be used as collateral, a proven record of ability to earn income, and other loan activity that has been paid on time.

Resident agent FAQ

What is included in the Resident Agent service?

Our Resident Agent service includes:
Forwarding any official documents from the Secretary of State.
Accepting any legal service and forwarding it to your company. We take extreme care to notify you quickly about any legal service (summons, subpoenas). We understand how important is to get timely information about such situation.
Consolidated account showing all your companies in every state.
Notification about due dates for each entity.
Email notifications, online account access and phone notifications.
Free upload and storage of your state filings, corporation docuements, company minutes.
Avoid paying late fees with our system for tracking due dates for all your companies.
Access to account allowing you to easily order renewals or additional services

inccontact-info1 inccontact-maininccontact-minutesinccontact-renewals

Can a company use its Nevada Resident Agent's address as its own business address within the state of Nevada?

Generally not. Unless the Nevada Resident Agent specifically permits a corporation to do so and proper paperwork is filed with the U.S. Postal Service, a company’s Nevada Resident Agent’s address will not be eligible for a business address.

Our mail-forwarding service starts at $99 per year. Order online, and you can start your mail-forwarding service in Las Vegas immediately.

Changing your Resident Agent

Are you receiving less than satisfactory service from your current Resident Agent? Impossible to communicate via email or speak to a person when you have questions about your account? If so, consider changing your resident agent and use our service.

We can serve as your Resident Agent whether or not we originally formed your company! At $89 per year, we are probably considerably more cost-effective than your current Resident Agent.

We have a special for you: only $40 the first year if you change Resident Agent to us. If you pre-pay our service for the second and third year, you keep low $40 per year rate. Contact us today so we can help you change your Resident Agent to us.

Order Resident Agent service here.

What is a Resident Agent, and why do I need one?

The primary purpose of a Resident Agent is to maintain a continuous corporate presence in the state of incorporation. Specifically, it provides for a physical address for any legal papers to be delivered in the event the corporation is involved in any litigation or needs to receive a verifiable notice of any kind. In Nevada, the registered agent must keep a copy of the Articles of Incorporation, a copy of the corporate bylaws, and the stock ledger of the company or a statement that provides the name and address of the actual custodian of the stock ledger.

What do I need to do if I do my own filings for the corporation and only need a Resident Agent?

When you are ready to send all the articles to the Secretary of State, you need to mail (fax or email) them to us, and we will sign them and fill out the Resident Agent information. We will then send them back to you for filing.

Order Resident Agent service here.

How long does it take to change a Resident Agent in Secretary of State records?

1-2 weeks. If expedited, 24 hours. We process most orders in 24 hours.

Where can I find forms for the Annual List of Officers/Members?

If you are our existing client, please visit our website with forms.

What if I do the Incorporation myself? Can I use you as my resident agent?

Yes, you can. We will sign a Resident Agent acceptance form and email it to you. You will print it out and send it together with the Articles to the Secretary of State.
To order Resident Agent service only, click here.

Non Profit FAQ

What are the fees to file Form 1023?

If your annual gross receipts average or are expected to average over $10,000 a year, over a 4 year period, the cost will be $750. If your annual gross receipts average less than $10,000 per year, over a 4 year period, the cost will be $300.

How long does it take to complete Form 1023 and what other forms do I need to fill out?

The IRS estimates that it will take well over 100 hours to complete this application. The paperwork required is dependent on the non-profit you are opening. See chart below.

Section of 1986 CodeDescription of OrganizationGeneral nature of activitiesApplication Form No.Annual return required to be filedContributions allowable
501(c)(1)Corporations Organized Under Act of Congress (including Federal Credit Unions)Instrumentalities of the United StatesNo FormNoneYes, if made for exclusively public purposes
501(c)(2)Title Holding Corporation For Exempt OrganizationHolding title to property of an exempt organization10249901 or 990EZ8No2
501(c)(3)Religious. Educational, Charitable, Scientific, Literary. Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals OrganizationsActivities of nature implied by description of class of organization10239901 or 990EZ8, or 990-PFYes, generally2,3
501(c)(4)Civic Leagues, Social Welfare Organizations, and Local Associations of EmployeesPromotion of community welfare; charitable, educational or recreational10249901 or 990EZ8No,generally2,3
501(c)(5)Labor, Agricultural, and Horticultural OrganizationsEducational or instructive, the purpose being to improve conditions of work, and to improve products and efficiency10249901 or 990EZ8No2
501(c)(6)Business Leagues, Changers of Commerce, Real Estate Boards, Etc.Improvement of business conditions of one or more lines of business10249901 or 990EZ8No2
501(c)(7)Social and Recreation ClubsPleasure, recreation, social activities10249901 or 990EZ8No2
501(c)(8)Fraternal Beneficiary Societies and AssociationsLodge providing for payment of life, sickness, accident, or other benefits to members10249901 or 990EZ8Yes, if for certain Sec. 501(c)(3) purposes
501(c)(9)Voluntary Employees' Beneficiary AssociationsProviding for payment of life, sickness, accident, or other benefits to members10249901 or 990EZ8No2
501(c)(10)Domestic Fraternal Societies and AssociationsLodge devoting its net earnings to charitable, fraternal, and other specified purposes. No life, sickness, or accident benefits to members10249901 or 990EZ8Yes, if for certain Sec. 501(c)(3) purposes
501(c)(11)Teachers' Retirement Fund AssociationsTeachers' association for payment of retirement benefitsNo Form69901 or 990EZ8No2
501(c)(12)Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, Etc.Activities of a mutually beneficial nature similar to those implied by the description of class of organization10249901 or 990EZ8No2
501(c)(13)Cemetery CompaniesBurials and incidental activities10249901 or 990EZ8Yes, generally
501(c)(14)State Chartered Credit Unions, Mutual Reserve FundsLoans to membersNo Form69901 or 990EZ8No2
501(c)(15)Mutual Insurance Companies or AssociationsProviding insurance to members substantially at cost10249901 or 990EZ8No2
501(c)(16)Cooperative Organization to Finance Crop OperationsFinancing crop operations in conjunction with activities of a marketing or purchasing associationNo Form69901 or 990EZ8No2
501(c)(17)Supplemental Unemployment Benefit TrustsFinancing crop operations in conjunction with activities of a marketing or purchasing association10249901 or 990EZ8No2
501(c)(18)Employee Funded Pension Trust (created before June 25, 1959)Payment of benefits under a pension plan funded by employeesNo Form69901 or 990EZ8No2
501(c)(19)Post or Organization of Past or Present Members of the Armed ForcesActivities implied by nature of organization10249901 or 990EZ8No, generally7
501(c)(21)Black Lung Benefit TrustsFunded by coal mine operators to satisfy their liability for disability or death due to black lung diseasesNo Form6990-BLNo4
501(c)(22)Withdrawal Liability Payment FundTo provide funds to meet the liability of employers withdrawing from a multi-employer pension fundNo Form69901 or 990EZ8No5
501(c)(23)Veterans Organization (created before 1880)To provide insurance and other benefits to veteransNo Form69901 or 990EZ8No, generally7
501(c)(25)Title Holding Corporation or Trusts with Multiple ParentsHolding title and paying over income from property to 35 or fewer parents or beneficiaries10249901 or 990EZ8No
501(c)(26)State-Sponsored Organization Providing Health Coverage for High-Risk IndividualsProvides health care coverage to high-risk individualsNo Form69901 or 990EZ8No
501(c)(27)State-Sponsored Workers' Compensation Reinsurance OrganizationReimburses members for losses under workers' compensation actsNo Form69901 or 990EZ8No
501(d)Religious and Apostolic AssociationsRegular business activities. Communal religious communityNo Form10659No2
501(e)Cooperative Hospital Service OrganizationsPerforms cooperative services for hospitals10239901 or 990EZ8Yes
501(f)Cooperative Service Organizations of Operating Educational OrganizationsPerforms collective investment services for educational organizations10239901 or 990EZ8Yes
501(k)Child Care OrganizationProvides care for children10239901 or 990EZ8Yes
501(n)Charitable Risk PoolsPools certain insurance risks of 501(c)(3)10239901 or 990EZ8Yes
521(a)Farmers; Cooperative AssociationsCooperative marketing and purchasing for agricultural producers1028990-CNo

1 For exceptions to the filing requirement, see chapter 2 and the Form instructions
2 An organization exempt under a Subsection of Code Sec. 501 other than (c)(3) may establish a charitable fund, contributions to which are deductible. Such a fund must itself meet the requirements of section 501(c)(3) and the related notice requirements of section 508(a).
3 Contributions to volunteer fire companies and similar organizations are deductible, but only if made for exclusively public purposes.
4 Deductible as a business expense to the extent allowed by Code Section 192.
5 Deductible as a business expense to the extent allowed by Code section 194A.
6 Application is by letter to the address shown on Form 8718. A Copy of the organizing document should be attached and the letter should be signed by an officer.
7 Contributions to these organizations are deductible only if 90% or more of the organization’s members are war veterans.
8 For limits on the use of Form 990EZ, see chapter 2 and the general instructions for Form 990EX (or Form 990).
9 Although the organization files a partnership return, all distributions are deemed dividends. The members are not entitled to “pass-through” treatment of the organization’s income or expenses.

Didn’t find answer to your question? Email as at info@incparadise.com

Eastbiz.com, Inc. (https://incparadise.net) provides business planning with company formation and maintenance services. We are not a legal services firm and do not render legal advice. Consult an attorney for legal advice or CPA for tax advice.

Why Nevada?

Date: | Category: | Author: Jakub Vele

Why Incporate In Nevada

Nevada has always been one of the most popular states for forming your company. Even though it doesn’t have the lowest incorporation fees and annual fees, it has plenty of advantages for businesses. Among these advantages, the most important ones are taxes, privacy of business owners and corporate law in Nevada.

Taxes for corporations in Nevada

Nevada takes it really seriously with attracting new businesses because of taxes. There are plenty of taxes which you have to pay in other states, but not in Nevada. Here are the main tax advantages of this state:

  • No Corporate Income Tax
  • No Taxes on Corporate Shares
  • No Franchise Tax
  • No Personal Income Tax
  • No Franchise Tax on Income
  • No Inheritance or Gift Tax
  • No Unitary Tax
  • No Estate Tax
  • Competitive Sales and Property Tax Rates

Privacy and assets protection in Nevada

Similar to Wyoming, Nevada offers great advantage of protecting business owner’s assets, and keeping them pretty anonymous. If you incorporate in Nevada, you won’t be listed in public records. Also your personal assets are protected and creditors can’t go after your house, bank accounts, etc.

Corporate law in Nevada

The state of Nevada saw enormous success of Delaware and their business law system. That’s why Nevada’s business law model is inspired by Delaware, and there is Nevada’s business court which is focused on business cases. This gives business owners the confidence that in case someone decides to sue their company, the case will be decided by experienced judges in a judicial system which is in favor of businesses.

Additional Advantages of Incorporating in Nevada

  • Stockholders, directors and officers need not live or even hold meetings in Nevada, nor be U.S. citizens.
    Directors need not be stockholders.
  • Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation.
  • A Nevada corporation may purchase, hold, sell or transfer shares of its own stock.
  • A Nevada corporation may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
  • Your company must be located and doing business in Nevada to get the full advantages of Nevada’s business-friendly environment.
  • No IRS information sharing agreement
  • Minimal reporting and disclosure requirements

Incorporate Online Now

Benefits of Forming Nevada LLC

Date: 08/28/2018 | Category: | Author: Jakub Vele

Benefits of Forming Nevada LLC

Do you own an excellent idea for forming an LLC? And ready to take it to the bank? Well, the next step is to decide where you will incorporate your business entity? Choosing the right domicile for your LLC can be a daunting and challenging process if you’re not familiar with the laws and taxes of every state.

Every state offers limited liability, privacy, and tax benefits to one degree or another to the business owners for forming LLC on their country. But if you are looking for ultra-low state tax, privacy, and confidentiality, a business-friendly environment, then forming Nevada LLC is at the top among other states.
Order LLC now

Nevada allows companies to form a Limited Liability Company (LLC), and by doing so, you can establish a business organization with a dominant hold on the market and can enjoy the benefits of forming LLC. Forming a Nevada LLC has many benefits for the average business owner because Nevada does not impose a franchise tax and personal income tax on LLC.

What is a Limited Liability Company(LLC)?

As you are considering to form an LLC, so let’s figure out what an LLC is. A limited liability company (LLC) is a form of business organization that gives limited liability to its owners or members and offers a pass-through tax structure to the business owners.

With a pass-through tax structure the business organization is not required to pay taxes on its income; instead, any gains or tax deductions are passed through to the owners and are filed on their personal tax returns.

An LLC is governed by the law of the state in which it was formed, and every state has its own set of LLC rules and regulations, so there are some guidelines you must follow when setting up an LLC in Nevada, but there are also some significant advantages.

Forming Nevada LLC

Although Delaware has long been the state of choice for the new business organization,now Nevada is working to attract new LLCs to the country with its tax obligations and business-friendly environment. If your company is valued at less than $75,000, so your Nevada LLCs are required to pay a $125 formation fee, along with an annual $85 corporate fee. To form an LLC, you also need to sign the Nevada articles of incorporation and file them with the Secretary of State. This can be done over the phone or online, and approval is received within 24 hours.

Well, Nevada LLCs are not subject to taxation on stock transfer or corporate shares; the state has no franchise, business, and occupation, gift, or personal income tax and also do not require a minimum number of members. In order to receive optimal Nevada LLC tax benefits, the organization needs to consider a registered agent who has a physical presence in the state. This requires:

  • A Nevada business telephone number
  • A Nevada-based bank account
  • A Nevada business license
  • Proof of a Nevada business address
  • A Nevada-based bank account

And if you are operating an LLC outside the Nevada, then you must weigh the cost of establishing a non-local entity against the tax advantages of being considered a state resident.

Corporate Formalities Requirements For Nevada

As a matter of fact, all states require specific actions on the part of an LLC for it to maintain its separate legal entity status. These actions, known as the “Corporate Formalities,” and they are the vehicle by which an LLC shields its shareholders from direct liability and provides them many of the tax and business benefits. Under Nevada LLC law, the formalities are very basic and are designed to protect corporate shareholders from liability and include:

  • Complete separation of stockholder and corporate funds
  • Written records of all corporate transactions
  • Establish clear, thorough Corporate bylaws
  • Accurate corporate minutes and records
  • Filing a yearly director and officer list
  • Hold Director and Shareholder meetings at least annually

Nevada LLC Benefits


Well, Nevada LLC law offers certain unique advantages to its LLC members. Nevada currently ranks fifth regarding the most favorable states for the Tax Foundation’s Business Tax Climate Index and enjoys a windfall of tax revenues from its most important industry: gaming. As a result, Nevada’s residents and business enjoy some of the lowest state taxes anywhere.

As an LLC in Nevada, you do not pay for being in business here, and you do not have to worry about taxes when operating specific components of your business elsewhere. So, if you are considering for forming LLC or investing in an LLC, keep on reading about the Nevada LLC benefits.

No State Level Taxes

Most states do not tax LLCs themselves. But the members of the LLC are taxed on behalf of their proportionate share of LLC income, even if it is not distributed to them, at individual income tax rates. Furthermore, LLCs often elected to be taxed as corporations, subjecting them to corporate tax rates at the federal and sometimes at the state level.

On the other hand, when you form a Nevada LLC, there are virtually no state-level taxes, including:

  • No personal income tax.
  • No admissions tax.
  • No estate tax or gift tax.
  • No corporate income tax.
  • No unitary tax.
  • No franchise or inventory tax on income.

In case, you are residing elsewhere, with operations in another state and want to operate your LLC in Nevada; you may still be subject to that state’s requirements depending upon the organization of your financial and legal affairs. In fact, in Nevada, the employer payroll tax is only 0.7 percent of gross wages.

Noneconomic Members of Nevada LLC

Nevada LLC law provides for “noneconomic members” in its LLCs. In simple words, Nevada allows for the inclusion of LLC members who do not own any part of the LLC, yet possess managerial rights and voting. This is perfect for the organizations with investors and experts who are wishing to join forces with the investors leaving the daily operations of the company to the experts.

Single-Member LLCs

Like all other states, Nevada, allows a single individual to form an LLC. Well, single member LLC is a business entity with similarities to a limited liability company (LLC), with the exception that a single-member limited liability company has only one member. Since LLC income is attributed to its members, but taxation for a single- member Nevada LLC is simplified. It includes LLC income and deductions on your federal individual income tax return. So, if you are seeking to form single-member LLC, then Nevada LLC benefits will be proving a game charger.

Expedited Approval

Another Nevada LLC benefit is the process of incorporating in Nevada is inexpensive. Nevada offers not one, not two, but three different levels of expedited approval. This means you can set up your Nevada LLC on your schedule. You can even get your Nevada LLC application approved in as short as one hour.

Series LLCs

One of the most significant benefits of forming Nevada LLC is that it allows the formation of a “Series LLC.” Like other states, Nevada erects a limited liability shield around LLCs. In short, owners or members are not listed in the public record so that LLC creditors cannot sue members themselves, only the LLC itself can be sued. Thus the personal assets of the member are not placed at risk. Nevada takes this concept a step further and allows the Series LLCs in Nevada.

As an illustration- If you own a real estate LLC which hold several properties, so by setting up a series LLC in a manner that prevents one property from being foreclosed upon to satisfy the debts of another property will help you in blocking from the legal system problems.

Residency Benefits

Well, the benefits of forming Nevada LLC is never-ending, and you can take as many benefits depending upon the type of your business entity financial and legal affairs. Well, the next Nevada LLC benefit is that you can be located in another state or even another country, and still can create a company in Nevada. This makes forming an LLC in Nevada an ideal choice for those seeking to take advantage of Nevada asset protection benefits.

Conclusion

It is evident that selecting Nevada as the state to incorporate offers substantial advantages to the business owners. From assets protection to ultra-low taxation and residency benefits, Nevada’s favorable business laws are hard to beat. So, if you are ready to form Nevada LLC and willing to enjoy the benefits associated with it, call inc paradise to help you through the process of registering and incorporating your new Nevada LLC.

Order LLC now