10 Reasons why incorporating is better in Nevada
Monday, November 24th, 2008While there are a multitude of reasons that make Nevada so attractive to potential business owners some reasons are better than others. Nevada offers:
1. Charging order protection for corporate shareholders
2. No tax on corporate shares
3. No Franchise Tax.
4. No Personal Income Tax.
5. Shareholders need not be residents of Nevada.
6. Stockholders or owners of Nevada Corporations are not Public Record.
7. No succession tax.
8. Nevada corporate stockholders and directors are not required to be US citizens.
9. Stockholders and directors are not required to live or hold meetings in Nevada. In fact, corporate meetings may be held anywhere in the world.
10. One person may act as all officers to fulfill all disclosure requirements.
These are the reasons that Fortune 500 companies incorporate in Nevada, as part of their corporate strategy and why most Nevada corporations have a better chance of success.
