Forming
a Corporation or Limited Liability
Company (LLC) in NEVADA
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to form your Nevada Corporation
or LLC now? Just click to start
We've compiled for you here material commonly associated
with incorporating or forming an LLC in Nevada. While
we strive to maintain correct and current information, we
cannot guarantee its accuracy and strongly recommend you
verify all considerations and consult with a qualified
professional before incorporating or forming an LLC.
Business owners interested in privacy and limited liability
protection for their business should consider a Nevada corporation
or LLC. With corporate laws that are generally considered
to be very favorable for small private companies, Nevada
is one of the most popular “business-friendly” states.
Not
only do business owners who form an LLC or incorporate in
Nevada enjoy unsurpassed privacy, they also benefit from
an extremely favorable tax climate. In fact, Nevada ranks
fourth among states having the most favorable tax climate according
to The Tax Foundation’s 2007 State Business Tax Climate
Index.
Business Structure
- One or more incorporators can form a Nevada corporation.
- A Nevada corporation can have one or more directors who
do not have to be shareholders.
- A Nevada corporation must have at least a President,
Secretary and Treasurer although one person may hold all
officer positions.
- The same person can be the sole director and hold all
of a Nevada corporation’s offices.
- Nevada corporation directors can change the corporation’s
by-laws.
- A Nevada corporation can, to the extent allowed by law,
limit the liability of directors for the breach of their
fiduciary duty.
- Both officers and directors enjoy unusual
protection under Nevada’s corporate laws.
Location
- Shareholders, directors and officers of Nevada corporations
do not have to be residents of Nevada.
- Shareholders, directors and officers of Nevada corporations
do not have to be U.S. citizens.
- Nevada corporations are
not required to hold meetings in Nevada.
Costs & Taxes
- Nevada ranks high among the top 10 states having the
most favorable tax climate for businesses.
- Nevada is one of the least expensive states in which
to form a corporation or an LLC.
- No minimum capital is required to incorporate in Florida.
- Nevada’s annual charges for corporations are among
the lowest.
- A Nevada corporation can issue stock for capital, labor,
services, personal property, and real estate (including
leases & options) with the board of directors acting
as the sole judge of value.
- Nevada has no corporate or personal income tax.
- Nevada has no franchise tax.
- Nevada requires an initial,
then annual, filing of a list of officers, directors, and
registered agent along with the applicable fee.
Privacy
- Owners, directors and officers of Nevada corporations
enjoy unequaled privacy.
- Nevada is the only state that
does not provide the Internal Revenue Service with information.
- The
names of Nevada corporation shareholders are not part of
any public record.
- The name and address of the incorporator(s)
of a Nevada corporation are listed in the articles of incorporation.
- The
name and address of the initial director(s) of a Nevada
corporation are listed in the articles of incorporation.
- Nevada’s
requirements for reporting and disclosure are minimal.
Foreign Qualification
If you are considering forming your corporation or LLC in
Nevada but you will not operate there, your company must foreign
qualify in
each of the other states in which you will be doing business,
and your company must have a registered
agent in
your state of formation as well as each of the states in
which you foreign
qualify.
IMPORTANT: MaxFilings always advises you
to consult with a professional who is familiar with all current
laws and regulations that are applicable in your jurisdiction.
And always seek the advice of a qualified “accountant”, “tax
advisor” or “financial planner” when addressing
tax issues. They are not only very complex but they are also
subject to interpretation.
Start
setting up your Nevada Corporation or LLC now