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Why Nevada?

Date: 06/24/2015 | 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

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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.
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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.

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Starting a Business in Las Vegas – Step by Step Guide

Date: 03/25/2019 | Category: | Author: Jakub Vele

Starting a Business in Las Vegas - Step by Step Guide

Are you thinking of starting a business in Las Vegas – the famous city of Silver State Nevada, Us? If so, it could be one of the most logical decisions since Las Vegas boasts an affordable cost of living. Even, there is a slew of tax breaks that you could receive like- No business income tax, franchise tax, personal income tax, franchise tax, and no gift tax, etc. The absence of several tax impositions has made Las Vegas one of the business-friendly cities and one of the best places for new start-ups.

Another justifiable reason for starting a business in Las Vegas is that after the recession, it has become a buyer’s market. Also, if you are not prepared to buy one, there are numerous below-market leasing-deals available, that you may grab.

Do you want to set up a business in Las Vegas? But you might be wondering about the business opportunities you could have to set up a profitable business in Las Vegas. Do you want to know more about the opportunities that may encounter you while operating the business? Great!

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Here are some of the trending small business opportunities, we have gathered for you.

  • Cannabis Licensing – After the legalization of cannabis, it has become a hotbed of investments. So, if you want to make huge profits from your business, you could start a consultancy business for cannabis. The cannabis industry is enormous and provides ample of job opportunities. So, do your homework well and create a business plan that can improve your fiscal conditions at a rapid pace.
  • E-commerce Business – With the digitization, starting an Ecommerce business has become one of the most profitable business ideas. You can be as much as innovative as you can for attracting your potential customers on the selling-portal or the E-commerce business website. Therefore, if you are starting a business in Las Vegas, you can easily focus your target audience or customers and generate the desired leads.
  • Container Restaurant – Another most lucrative idea of starting a business in Las Vegas is to embark a food business in a container. Las Vegas is a city of foodlovers and well-known cuisines like Lemon Spaghetti with Shrimp Giada, Roasted Beef Wellington, Quinoa Fritters, etc. Not only the local people but also the travelers and visitors love to try these dishes. Therefore, the container restaurant business is always profitable biz in Las Vegas.
  • The business of Green Consulting – Have you ever heard of the green practices? Well, these days, everywhere in the US, green practices are proliferating at a constant pace. Almost all the existing and new organizations in the US are heading towards green consultancy centers. Hence, if you are starting a business in Las Vegas, this would be a great small and profitable business opportunity.

However, before starting a business in Las Vegas, you need to follow a proper checklist of business formation and documentation to avoid possible disputes. Let us give a closer look at the step by step guide for starting a business in Las Vegas.

#1 Prepare The Business Plan

To put a strong foundation for your business in Las Vegas, you must start by carefully analyzing your business idea and plan for it. It is primary and the most critical step that decides the future success of your business. Proper planning and analyzing involves the answer to various questions like –

  • Based On Product Development: Does your business-product solve any specific problem? Is your business helpful enough to stand in the challenging competition?
  • Based On Sales & Marketing: Do you know your potential customers? Where could you find them? Are you aware of all the possible tactics to attain their attention and generate leads?
  • Based On People and Partnerships: How efficiently could you arrange the hiring process? For successful business growth, ‘which roles you would hire for your company?’ What relationships will you need to form with your company?
  • Based On Financial Planning: For a fantastic break even, How many clients or sales, you would require? How much capital is required to execute your business idea? What are the sources of investors or funding?

#2 Choosing an Apt Business Name

A business name itself holds a substantial percentage of weightage concerning the launch of a new business. And, starting a business in Las Vegas also requires detailed attention to the choice of an eye-catchy business name as well. While being in the process of picking a good and well-suited business name, you must go through the official website of Nevada Secretary of State and gather all the necessary information. Here are some of the critical points to be mentioned in your to-do-list for business name selection.

Check Name Availability

Do you want to choose a legal name for starting a business in Las Vegas? Well, if yes, you have to first check for its availability with the Secretary of State or SOS. Ensure that the business or entity name you are choosing should not be in use or has already been licensed by someone else. Always consider that business name, for which, you could reserve a domain.

You can check the federal trademark database to make sure that the name is not registered with any local business license bureau. If you are not going to create your business website at the initial stages of starting a business in Las Vegas, buying a domain would help you to secure your business name from getting acquired by others for future reference. After all, the name of your company would become your business identity in the upcoming years and gain acceptance globally.

Business Entity Search

For starting a business in Las Vegas, business entity research is as critical as checking for the business name availability. While doing a business entity search, you have to obtain the below-mentioned information about a business:

  1. Whether the business has been formed legally?
  2. Either the business is in good standing or not?
  3. What is the address of that particular business?
  4. What is the official address of that business-specific registered agent?

#3 Figure Out A Business Address

Well, if you have decided on the business name and have reserved that already, you should hop over to the next critical step for starting a business in Las Vegas. Now, you have to figure out a suitable business address, which could be your home address, an actual office or even a virtual office. The business address is vital for almost all the paperwork that is required to start any new business, so always make a wise decision.

You are suggested to choose the right address at the initial stages of the business formation rather than switching or changing an address down the road. Later it may cause inconvenience financially, as an example, Nevada Secretary of State charges about $175 for an address change. The business address is mentioned under the public record, but for some of the applications, you could also use a separate mailing address. In this scenario, you may use a house address or PO box number.

#4 Determine a Business Structure

Starting a business in Las Vegas might seem an easy task but, its formation process is very challenging. You always have to follow the steps that could aid to increase the credibility of your business. So, if you are ready with an effective business plan, name, and address, you would now need to choose a well-suited business structure from the three basic options as mentioned.

  • DBA: “Doing Business As” or DBA usually does not comes under a separate structure. But, it could be used as a different business name by an individual or a partner.
  • Corporation: A corporation works as a separate entity including officers, shareholders, and directors. It is a bit-complex business structure as compared to the DBA, though it requires limited liability protection. There are a few professions like architects, doctors, lawyers, etc. are required to choose “Professional Corporation.”
  • LLC: An LLC or “Limited Liability Company” is a renowned type of business structure that provides limited liability protection to the owners with less complexity. It has considerably replaced the other business structures by providing easy management and taxation benefits being a separate entity. Additionally, it also attracts more investors as compared to the other structure types.

Adding to the above information on the different business structures, always remember that if you are starting a business in Las Vegas, you should register your company as a Nevada business entity(LLC or a Corporation). It will not only increase the credibility of your business but will also protect it from personal liabilities, in case your business is sued. Also, an LLC is the most opted business structure in Nevada, whose setup requires as little as $75.

#5 Get Your State Business License

Another most crucial step in starting a business in Las Vegas is applying for a business license. There is a very fancy-schmancy online portal, provided by the Nevada Secretary of State, which is called as SilverFlume. Though the paper route is also available, the online portal is considerably a convenient way to apply for the license. You have to file – Articles of Organization for LLC, Certificate of Limited Partnership or Articles of Incorporation for a corporation. Lastly, you would require to submit the Initial List of – Members, Managers, Partners or Officers. And, your deemed entity in Nevada would be established.

Also, if you are starting a business in Nevada, you should be aware that there are certain exemptions to the state business license requirement. But, by the time you’re an entity, you would have to pay $200. Being a nonprofit company, say be it a motion picture company, a specific type of insurance company, or a governmental entity, you are eligible to apply for an exemption by mailing the required form.

#6 Get an EIN number

Now, the next step for starting a business in Las Vegas is getting an EIN or Employer Identification Number for your business, which is issued by the by the IRS. Either you have a partnership, LLC or a corporation, obtaining an EIN is very vital. An Employer Identification Number is a type of Taxpayer Identification Number. It is also abbreviated as TIN, which helps to identify or to verify any Nevada LLC with the IRS. Moreover, it is free of cost and could be obtained from the IRS website.

Having an EIN for your Nevada LLC, allows you to open a separate LLC bank account. Not only this, with EIN you could apply for several permits or business licenses also. With an EIN you are also allowed to file taxes at the federal, state, and local level. And, if applicable, you can handle employee payroll. Also, if you want to obtain business lines of credit or business loans, having an EIN is a must.

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#7 Registering with the Nevada Department of Taxation

If you are Starting a business in Las Vegas, applying for a business license is something unavoidable. Firstly, you have to register your business with the Nevada Department of Taxation to submit it as proof for obtaining the business licenses. Also, note that you require to apply for a sales tax permit also if you’re selling tangible goods.

Furthermore, if you instead of selling, buy products or goods for consumption in your business like office supplies, you would require a use tax permit. Let us say, if you are not paying tax at the time of purchase, you have to calculate the intended amount of the brought items in Nevada. After that, you would require to remit or pay back the same amount to the state.

#8 Getting A Business Insurance

Getting insured is again a very crucial step for starting a business in Las Vegas. It helps you to manage all the possible risks that might occur on the path of growing your business. Here are the common types of business insurance that you may consider.

  • Professional Liability Insurance
  • Workers Compensation Insurance
  • General Liability Insurance

As an example, if you have a home-based business or any small business, you should purchase a general liability policy or insurance. And, being a firm like accounting and consulting, should go for professional liability policy. Additionally, if you have a business with one or more employees, including all the corporate officers and LLC members should have workers compensation insurance, in Nevada.

Conclusion

Now that you have got all the necessary information and checklist for starting a business in Las Vegas, you might have initiated the most crucial step of business formation- business planning. But, if you do not want to lose the ground by making any mistake by not following the further steps adequately, you should hop over the IncParadise to get professional assistance. We expertise in providing complete business incorporation and registration services. So, what are you waiting for? Contact us now to register and incorporate your dream business today!

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Incorporate in Nevada

Date: 06/26/2018 | Category: | Author: Jakub Vele

Incorporate in Nevada

There are several Corporations, LLCs, and businesses that are incorporated or set up across the 50 states but most businesses prefer to incorporate in their home state. There are also businesses that are incorporated in a state different from their home state e.g., an individual or business from New York preferring company incorporation in Nevada. This is simply because Nevada provides business friendly regulations and environment.

Why Choose Nevada for Incorporation?

Home state incorporation is always the first choice but today the scenario is different. An increasing number of businesses are forming incorporation in Nevada. The major incentive for Nevada state incorporation is favorable tax treatment. Gaming and tourism are the top two businesses in the state followed by advanced manufacturing, renewable energy, mining and Aerospace. When you incorporate in Nevada, you can be rest assured that there will be no corporate taxes.

Some of the advantages that the state of Nevada offers businesses include:

Taxes

The biggest advantage that a corporation can enjoy in the state of Nevada is exemption from a variety of taxes. Some of these include:

  • No Corporate taxes
  • Corporate shares are not taxable
  • No Franchise tax
  • Personal income tax is not there

Non Resident

Directors, shareholders, and officers of a Nevada corporation or members of Nevada LLC are not required to be residents of the state.

Personal Liability Protection

The Nevada Legislature passed a law in 1987, which permits corporations to place certain provisions in their articles of Nevada incorporation. These enable personal liability protection for Directors and officers of Corporations from stockholders of Nevada Corporations.

Corporate Veil

Once you set up company in Nevada, it is almost impossible to pierce the corporate veil.

Nevada Corporation Code

This code allows indemnification of directors, officers, stockholders, and employees of a corporation for any action that they take or have taken on behalf of the Nevada Corporation and that they have reasons to believe the action taken was legal.

Information sharing

Nevada does not have any information sharing agreement with the IRS.

Bearer shares

It is the only state that allows issuing of bearer shares.

Company incorporation in Nevada can be quite easy and quick if you submit your documents online. The services of incparadise.net for forming a corporation will pave the way for you to start your new business in this state. We not only provide top quality service but our efficiency with company formation in the state of Nevada is amongst the highest. Over the years, we have established a meaningful relationship with Nevada Secretary of State and this facilitates delivery of incorporation services.

We offer LLC, Nevada C Corporation, and Nevada S Corporation packages so that you can choose the one that suits your interest. Incorporation in Nevada specialists at incparadise.net will take care of the entire process right from finding a business name, filing your articles of incorporation (NRS Chapter 78) paperwork, and providing other related services as your registered agent in the state of Nevada.

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Procedure for company incorporation in Nevada

In order to set up company in Nevada you will have to follow a process, which is:

Business Name

The first step is finding and finalizing a name for the business. It is important to check if the name is already in use. If not, you can confirm the business name.

You can check whether the chosen name exists or not right at our website by clicking here.

Articles of incorporation

Once the name has been reserved, we at incparadise.net will ensure your Articles of Incorporation (PURSUANT TO NRS CHAPTER 78) is duly filled. As required in the document, you will need to provide the newly chosen business name, name and address of the registered agent, name & address of board or directors/trustee, and incorporator etc. We can file the company incorporation in Nevada documents through the standard process or we can do it online or through expedited process.

Federal Tax ID

You will require a Federal Tax ID if you are planning to hire employees. It is also mandatory for opening a bank account in the name of the Nevada Corporation but don’t worry because we can help you get a Federal Tax ID so that all you need to do is simply focus on your business!

Certificate of incorporation/formation

Once the company incorporation in Nevada process is complete, you will receive the “Nevada certificate of incorporation”. This certificate is a proof that your business exists. This proof is often required when opening a bank account or when applying for a loan.

Nevada Incorporation Agent

A Nevada registered agent like incparadise.net is required to ensure your business meets all the necessary requirements. We can also receive any and all legal and business related paperwork on your behalf.

Costs and Fees associated with Nevada Incorporation

What would be the fees to set up a company in Nevada? Check Fees here!

The standard fees associated with company incorporation in Nevada are higher than what we charge? Wondering how we are charging less? We have facilitated the incorporation of more than 10,000 businesses and it is never about the fees – it is all about ensuring you get the best service always!

There are several considerations that you will need to make when forming a Nevada Corporation and the state offers several advantages and benefits for future growth of your business. Nevada is one of the best places in the USA for forming a business.

We at incparadise.net can help you to incorporate your business in the state of Nevada by filing your paperwork online. This will ensure your corporation is formed in the fastest possible time, which normally varies from 48-72 hours. Our endeavor will always be towards providing you a service that will become the foundation stone for a long standing relationship.

Are you looking to start your business in Nevada? Let our incorporation specialists help you!

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Advantages of Incorporating a Business in Nevada

Date: | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Nevada

Think business, think Nevada! Yes, the state of Nevada is being considered as a state that provides optimum business environment thanks to its flexible business and tax laws. Today there are in excess of 229,570 small businesses operating out of the state with the registering of 5,932 new establishments in 2013-14.

Talk about startup company Nevada and a rise in registration has been witnessed in different areas including Accommodation & food services, Transportation & warehousing, Real estate & rental & leasing, wholesale trade, construction, Management of comp. & enterprises, retail trade, manufacturing, and education services among others.

There are several other reasons why startup company prefer Nevada to other states. This is mostly due to the fact that the state not only offers a strong emphasis on innovation but also ensures you can derive maximum profitability in your business ventures and this is considered key to boosting the state’s economy.

Incorporation in Nevada comes with Several Benefits

People from across the country find it beneficial to register a new business in Nevada. Let us take a look into the various benefits you can derive in the state.

Benefit #1: Freedom from Taxes

Whether you are planning to form an LLC or invest in an LLC, or incorporate a business in Nevada, the biggest benefit you can drive is the tax benefit. Taxes can lower your profits and also slow down overall business growth but when you register a new business in Nevada, you don’t have to pay any state level taxes. These include:

  • State Personal income tax: The constitution of Nevada has prohibited state personal income tax
  • Corporate income tax: Nevada has liberal tax policies and does not tax any foreign or domestic corporations or LLC. Basically, State tax is not levied on corporate profits.
  • State inventory tax: A startup company in Nevada is not required to pay tax on goods that they hold for interstate transit or sale. In fact, the state of Nevada has declared 12 Foreign Trade Zones located across the state that enables corporations to store their goods and ship them tax-free.
  • Gift tax: Nevada tax policies ensure you are able to transfer your assets to anyone without incurring a state tax penalty. In addition to this, the recipient of your assets or gifts is not liable to pay inheritance tax in the state.
  • Franchise tax on income: It may be applicable in other states but not in Nevada.
  • Estate tax: A startup company in Nevada may be required to pay federal estate taxes but state estate taxes will not be imposed on them. This simply denotes you will be able to pass on your assets to your heir as it is.
  • Corporate shares: Corporate stock or shares of members in a limited liability company (LLC) in the state of Nevada is non-taxable.

If you require more information on how to register a new business in Nevada? Get in touch with us today! Our Nevada tax expert will provide in-depth information and guide you through the entire process.

Benefit #2: Privacy standards are very high

If you register a new business in Nevada then you can be rest assured that the privacy levels in the state are extremely high. A Nevada LLC or corporation is not required to list their members or owner/s with the state. This also means that any investor in your business will be able to remain anonymous. In a way, it does take care of the “headache” that state agencies may be snooping into your business.

Benefit #3: Strong Asset Protection

If you are forming an LLC in Nevada then liability will be limited to your company. It doesn’t matter whether you are an officer, manager, or even a director; you will not be held responsible in any way for the liabilities of the company. This protection will only not be applicable if there is an involvement in activities that are unlawful in nature.

At the same time, it is not mandatory for a startup company Nevada or LLC Nevada to file a list of assets of the company or business, with the state. In a way, this assures that there is no record whatsoever of any assets being linked to you except for what you file with the IRS at the Federal level.

These are the foremost benefits that you can enjoy when incorporating your business in the state although there are many more. Here are a few::

  • The corporate veil cannot be pierced in Nevada
  • Bearer shares is prohibited in the state of Nevada
  • You don’t have to reside in Nevada to register a new Company in Nevada

The most common question asked frequently is, what are the disadvantages?

Are there any Disadvantages of Incorporating in Nevada?

Incorporating your business in Nevada does not have disadvantages as such although there is always the possibility of increased administrative costs especially for small businesses. Wondering what problems you may encounter if you want to register a new company in Nevada especially if you are residing in another state? There will be no problem at all! This is where WE come in. We have a team of experts specializing in registering start-up or SMEs and we will ensure you are able to register your business in compliance with Nevada state business laws.

Except for increased administrative costs, there are no visible disadvantages for businesses or LLC in the state of Nevada. The good news is that if you are planning to incorporate in Nevada, we at incparadise.net are always there to not only guide you through the process but also help you save on filing fees and other administrative costs.
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Nevada LLC and Corporation Registration and Formation

Date: | Category: | Author: Jakub Vele

Nevada LLC and Corporation Registration and Formation

Nevada economy is at its helm and has bounced back since the nation’s financial crisis in 2007-2008. This is just the perfect time to form Nevada LLC or Corporation. It is important to understand that Nevada LLC and Nevada Corporation are two different entities and hence it is important to ask yourself: Should I form in Nevada, an LLC or form a Corporation?

LLC and Corporation are two different business types that have their unique structure and benefits and it is important to identify which one of these will suit your requirements the most.

If you are thinking of company formation in Nevada then we can help you with the entire process right from choosing a name to filing of Articles of Organization. We are not just registered agents based in Nevada but have the distinction of having established a highly conducive relationship with Nevada Secretary of State. This allows us to bring to you nothing short of the best services all the time!

Nevada LLC Registration and Formation

Nevada LLC Registration and Formation

If you have chosen to form an LLC in Nevada then the following steps will help you through Nevada LLC registration and formation.

Step 1

The first and the most important step towards company formation in Nevada, is to identify a name for your LLC. You have to choose an available name. How do you know, the name that you have thought of doesn’t exist?

Simple! Just click here to check!

Step 2

One of the important aspects of LLC formation is to take a decision on whether your LLC will have several members or if it is going to be a single entity business? This is a mandatory requirement if you need to form a Nevada business.

Once you have made your decision, we will fill the Limited-Liability Company Articles of Organization (NRS Chapter 86) and file it with the Nevada Secretary of State. You can download the form on our website and read through the Instructions for Limited-Liability Company Articles of Organization (PURSUANT TO NRS CHAPTER 86).

In case, you have any questions, feel free to call us at 702-871-8678.

Step 3

If you are planning to form a Nevada business with multiple members then you will be required to fill the Nevada LLC Operating Agreement. Filing the Operating Agreement is not a legal obligation but the salient benefit is that it will help in strengthening the organizational structure of your LLC.

In simple words, each member of the LLC will be required to provide their consent to the terms and conditions as mentioned in the agreement and it will act as a legal proof showing that all members are aware of the various rules and regulations that needs to be followed.

You can download the Nevada LLC Operating Agreement at our website to get an insight into the information required.

Step 4

The final step is to choose a Nevada registered agent. incparadise.net has a dedicated team of committed agents that have the expertise and experience required to form a Nevada business LLC. We take pride in our work and have successfully established over 10,000 LLC or corporations.

The Articles of Organization Limited-Liability Company (PURSUANT TO NRS CHAPTER 86) also requires you to reveal information regarding your agent in the Registered Agent Acceptance (PURSUANT TO NRS 77.310) part of the form.

We as one of the top Nevada LLC registered agents will explain in detail the entire process of LLC formation in the state and also ensure the forms are correctly filled and quickly filed.

If you have any questions regarding Nevada LLC registration and formation, you can simply visit the Nevada LLC formation page.

Once Steps 1 to 4 are complete, you will receive your Nevada LLC Articles of Organization verifying your LLC registration in the state.

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Nevada Corporation Registration and Formation

Nevada Corporation Registration and Formation

If you have chosen to incorporate your business in Nevada then the following steps will help you through Nevada Corporation registration and formation.

Step 1

If you want to form a Corporation in Nevada, the first step is to identify a name for your business. You have to choose a name which is not in use. How do you know, the name that you have thought of doesn’t exist?

Simple! Just click here to check!

Alternatively, we at incparadise.net can conduct a quick name search and ensure it is reserved for you. Reserving the name means it cannot be used by any other business.

Step 2

In order to form a Corporation in Nevada, you will be required to fill different types of forms that have to be eventually filed with the Nevada Secretary of State. The form that needs to be filed will be Articles of Incorporation (PURSUANT TO NRS CHAPTER 78) for domestic Corporation filing and Qualification to do Business in Nevada (PURSUANT TO NRS CHAPTER 80) for foreign Corporation filing.

Once you have made your decision, we will fill the correct form and file it with Nevada Secretary of State along with the applicable fee. You can download the form at our website and read through the Instructions.

In case, you have any questions, feel free to call us at 702-871-8678.

Step 3

The final step is to choose a Nevada registered agent. incparadise.net has a dedicated team of committed agents that have the expertise and experience required to form a Corporation in Nevada. We take pride in our work and have successfully established over 10,000 corporations or LLC.

The Articles of Incorporation (PURSUANT TO NRS CHAPTER 78) and Qualification to do Business in Nevada (PURSUANT TO NRS CHAPTER 80) requires you to reveal information regarding your registered agent for servicing your request.

We are regarded as one of the top registered agents in Nevada for incorporation of businesses today. We will not only explain in detail the entire process of incorporation in the state but also ensure the forms are correctly filled and quickly filed.

If you have any questions regarding Nevada Corporation registration and formation, you can simply visit the Nevada Corporation formation page.

Once Steps 1 to 3 are complete and paperwork is approved you will receive your Nevada Certificate of Incorporation verifying your LLC registration in the state.

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