Nevada Incorporation Advantages

There are so many Nevada incorporation advantages that it is difficult to know where to begin in discussing them. Whether it's tax advantages, corporate privacy and protection or even the low filing costs, a growing number of individuals and companies across the country are incorporating in Nevada. Our mission at Val-U-Corp is to make these Nevada incorporation advantages available to any individual interested in starting a business.

A Few of the Nevada Incorporation Advantages

The first of the Nevada incorporation advantages starts at the beginning: low filing fees and nominal annual fees to maintain your corporate status. Many states, including Delaware (long heralded as the best state to do business in), charge significantly more at the initial creation of a corporation and every subsequent year to keep it going. Although this is one of the smaller enticing savings gained by doing business in Nevada, it shows the extent to which the state wants to attract new businesses.

Nevada's corporate tax code is probably the biggest reason for the state's current influx of new businesses. Currently, Nevada does not have a corporate tax, nor does it have a franchise tax. As opposed to the small savings gained from the minimal filing fees, this represents substantial savings for companies, regardless of their size. Additionally, Nevada does not have a personal income tax on corporate shares.

Finally, one of the most important Nevada incorporation advantages lies in the state's dedication to corporate privacy. Nevada is one of the only states that doesn't share any of its corporations' information with the I.R.S. Even more appealing is the state's almost impenetrable corporate veil, maintaining the utmost privacy for its corporations from other entities and individuals.