Nevada Corporations

Nevada corporations are sheltered by some of the best protective laws in the nation. Nevada is a pro-business state that has a strong belief in maintaining the "corporate veil." This veil basically protects Nevada corporations from having to report important and sensitive pieces of information to the state or I.R.S. In fact, over the last 25 years, this veil has only been broken twice for corporate cases involving fraud.

The Advantages of Nevada Corporations

One of the first questions you may have is why you should form a Nevada corporation if your business is based in another state. The answer is simple: your company doesn't have to be physically located in Nevada in order for it to be a Nevada corporation. Individuals simply need to form their companies in Nevada (making it their company domicile), and then register with the state in which they are doing business. This will guarantee them the protections offered by Nevada law.

Nevada corporations do not have to pay corporate taxes and their corporate shares are also untaxed. Additionally, regardless of the type of corporation you are forming, whether it is an LLC or an S corporation, Nevada corporations do not have to report as many sensitive pieces of information to the state or I.R.S. that other states require. Additionally, because of the strong corporate veil in Nevada, most individuals and states would be greatly discouraged from bringing legal action against your corporation.

Even if your company is physically located in another state, if it were ever sued, the corporate veil laws of Nevada would still apply. If the plaintiff decided to try and pierce this corporate veil, they would most likely have to travel to Nevada, incurring additional costs and facing that state's courts. In many cases, that simple fact is enough to discourage individuals from suing Nevada corporations and is another reason why we at Val-U-Corp Services, Inc. believe incorporating in Nevada is one of the best protections for your company.