Nevada is known for gambling and showgirls, but it has also become a haven for business incorporation service. Among the many advantages of the Nevada Corporations is the absence of a corporate tax, unlike Delaware. The state does not also impose tax on capitalization. A brief list of advantages touted by the Nevada State of Secretary are:

? No I.R.S. Information Sharing Management
? Nominal Annual Fees
? Stockholders are not Public Record

One serious disadvantage when you incorporate in Nevada is that liability attaches to the last remaining officers if the corporation reaches bankruptcy. Therefore, it is a good idea to keep the corporate structure in place for many years after the cessation of the business.

Incorporation laws in Nevada are designed to stimulate business activity. In fact, the state has become so successful at attracting companies to incorporate in Nevada, other state legislatures look to Nevada’s laws as a model , patterning their own corporate codes after Nevada’s to be competitive. With all the incentives offered to businesses which incorporate in Nevada, you might think everyone should form their Nevada LLC. The fundamental procedures to incorporate in Nevada involves the precursory steps of deciding on a company name; choosing the principals; and determining what the corporation’s objectives are.

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