One of the major decisions that you have to make as a business owner is decide where you are going to incorporate your venture. If you want to find a convenient location with tax advantages, legal asset protection services opportunities and other benefits, incorporate your business in Nevada. Over the last few years the state of Nevada has improved a lot of of its business and taxation laws so as to attract more investment which duly awarded Nevada the name of America’s tax haven. As of 2006, 12% of Nevada LLC corporations are owned and operated by non-residents of this state, this number increasing from humble 4% in 1989. There are many reasons to incorporate in Nevada.

The most significant ones are:

No Nevada state corporate income tax.

The state of Nevada imposes no personal income tax.

No taxes on corporate shares.

No franchise tax.

Minimal reporting and disclosure requirements.

Nominal annual fees.

No information is shared with I.R.S.

Manging directors do not have to be stockholders.

Nevada corporations may even 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. Furthermore, the directors may determine the value of any of these transactions.

These are just some of the perks of filing your incorporation documents in the sunny state of Nevada. If you understand the key steps to setting up a Nevada corporation and operating it correctly, you will ensure safe protection of your personal and corporate assets and litigation consequences control.