Nevada And The I.R.S.

The state of Nevada and the I.R.S. have a special relationship that is quite different from the one existing in other states. First, Nevada is one of the only states that does not have a corporate or franchise tax. Second, it is one of the few states that does not share any of its corporate information with the Internal Revenue Service.

Nevada and the I.R.S.--Good for Business

As a growing state, Nevada is extremely interested in attracting new businesses. As a part of this effort, they have devised a tax code that is extremely favorable for companies incorporating within the state. Although this portion of the relationship between Nevada and the I.R.S. is one of the main reasons over 45,000 entities were formed in the state last year alone, it is not the only reason.

In addition to saving money, many companies are also seeking to keep their privacy. To this effect, Nevada offers one of the most powerful corporate veils in the United States. In fact, the state of Nevada will not release any information regarding its corporations to the I.R.S. This also means that any entity or individual trying to sue your company will have to pass a rigorous set of standards before even hoping to gain information other states might give up for free.

Even if your company is located outside of the state, the relationship between Nevada and the I.R.S. still takes precedence. As a company located outside of Nevada, all you need to do is register with the state you are located in as a foreign corporation. At Val-U-Corp, we offer one online location where you can incorporate and get all the necessary information, regardless of your location in the United States.