Incorporating in Nevada

OVERVIEW

Liability and Asset Protection

By incorporating a business, the corporation becomes a separate legal entity from its owners, otherwise known as shareholders. Because of this, incorporating your business will allow shareholders to cease being personally responsible for any debts or claims against your corporation.

Tax Savings

In general, corporations see many advantages including: paying income tax on net income (after deducting business expenses), lower effective tax rates that individuals in many cases, deductions for deprecation and others.

Why does it make sense to incorporate in Nevada?

Although many corporations have commonly incorporated their businesses in Delaware, it is also a well-known fact that Nevada is a perfect state to begin incorporating your business.  Nevada does not have state corporate income tax, nor does it impose fees on any corporate shares. Nevada also does not impose any personal income tax or any franchise tax for corporations or LLCs.

Also, shareholders, directors, and officers of a corporation that is incorporated in Nevada also do not have to be Nevada residents.

What are the different incorporation options and types?

There are a few major and minor differences and advantages between a C corporation, S corporation or limited liability company (LCC) from which business owners can choose when they choose to incorporate (as explained in detail below).

What are the registered agent requirements & fees?

In corporation law, a registered agent, otherwise known as a resident agent or statutory agent, is someone who is authorized to accept legal important documents on behalf of a business or company.  Although Nevada does not impose any taxes for corporations or income, they do require an initial and annual statement fee and a business license fee. Please see the link to Nevada’s Secretary of State website below for more in-depth information.

What are the key steps for initial registration and compliance?

In order to get started in incorporating your business in Nevada, there are a few initial steps that business owners must first take. First, your business must choose a corporate name. Nevada’s business name database will allow you to check your corporation name for availability and create a name reservation request for 90 days.

Next, you must file your articles of incorporation with the Secretary of State and create several other books and records.