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Click Here To Compare LLCs and Corporations In Nevada
Nevada Has Simple Incorporation Requirements:
Nevada offers a simple, fast and less costly process of incorporation. Incorporation in Nevada is handled through the Office of the Secretary of State. No minimum initial capital is required and annual filing fees are nominal. In addition, there are limited reporting and disclosure requirements.
Reasons to Incorporate in Nevada:
- No Corporate Income Tax
- No Taxes on Corporate Shares
- No Franchise Tax
- No Personal Income Tax
- Nominal Annual Fees
- 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.
- No Franchise Tax on Income
- No Inheritance or Gift Tax
- No Unitary Tax
- No Estate Tax
- Competitive Sales and Property Tax Rates
- Minimal Employer Payroll Tax – 0.7% of gross wages with deductions for employer paid health insurance
- Nevada’s Business Court
- Developed on the Delaware model, the Business Court in Nevada minimizes the time, cost and risks of commercial litigation by:
- Early, comprehensive case management
- Active judicial participation in settlement
- Priority for hearing settings to avoid business disruption
- Predictability of legal decisions in commercial matters
- Developed on the Delaware model, the Business Court in Nevada minimizes the time, cost and risks of commercial litigation by: