Wednesday, June 30, 2010

Best Reasons to Incorporate in Nevada - Part 6


Privacy is a valued commodity and Nevada's business environment recognizes the importance of it. In general, Nevada has minimal reporting and disclosure requirements, which translates to greater privacy for corporate officers, directors and shareholders. The Supreme Court of Nevada has consistently taken a strong stand in the protection of corporate privacy, even in cases where the corporation in question has failed to adhere to basic corporate formalities. In addition, Nevada has no formal information sharing agreement with the I.R.S. Delaware, by contrast, reports the tax information obtained from Delaware-incorporated entities directly to the I.R.S.

Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.

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