Nevada (often called the “new Delaware”) currently has what is considered to be the most favorable business entity laws in the United States which provide real advantages to businesses of all types. Some of the advantages over many other states of forming a Corporation or Limited Liability Company (LLC) in Nevada include:
No State Corporate Income Tax
No State Taxes on Corporate Shares
No State Franchise Tax
No Personal Income Tax
No Internal Revenue Service (IRS) Information Sharing Agreement
Relatively low Annual Fees
Minimal Reporting and Disclosure Requirements
Stockholders are not Public Record (i.e., bearer shares are allowed in Nevada) (maintaining maximum Stockholder anonymity & privacy)
Only one person is needed to create and maintain a legal Corporation or LLC
Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. citizens
Directors need not be stockholders
Officers and directors of a Nevada corporation or LLC can be protected from personal liability for lawful acts of the corporation or LLC
Nevada corporations may purchase, hold, sell or transfer shares of its own stock
Nevada corporations 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.