The concept of a Nevada Corporation allows a company to protect its
individual members from liabilities the company itself may incur. Amongst the
fiscal and legal benefits, asset protection and tax exposure reduction are the
two primary reasons for the choice of a Nevada Corporation.
Nevada Corporations
have no business income tax, corporate shares taxes, state corporation
tax, franchise tax or inheritance tax. Furthermore, Nevada Corporations do not
have to file state tax returns and share information is kept private. The
shareholders of a standard Nevada Corporation may consist of any number
of individuals of any nationality; shareholders’ identities are protected by the
corporation.
Any individual or nominee, as a Director or officer, in a Nevada
Corporation, is protected from personal liability for acts
committed on behalf of the corporation, by the corporation. Deciding whether or not a Nevada Corporation is the right arrangement for your
business situation is a decision to be founded upon many important factors. It
is essential to consult a qualified expert in such matters.
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