INCORPORATING IN NEVADA
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.
Wednesday, June 30, 2010
Monday, June 28, 2010
Best Reasons to Incorporate in Nevada - Part 5
INCORPORATING IN NEVADA
Nevada's tax climate is significantly pro-business. Nevada imposes no inventory tax or state tax on corporate shares. In addition, businesses in Nevada enjoy low sales and property taxes. Businesses in Nevada also benefit from a minimal payroll tax equal to 0.7% of gross wages, with business deductions for employer paid health insurance premiums.
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.
Nevada's tax climate is significantly pro-business. Nevada imposes no inventory tax or state tax on corporate shares. In addition, businesses in Nevada enjoy low sales and property taxes. Businesses in Nevada also benefit from a minimal payroll tax equal to 0.7% of gross wages, with business deductions for employer paid health insurance premiums.
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.
Wednesday, June 23, 2010
Best Reasons to Incorporate in Nevada - Part 4
INCORPORATING IN NEVADA
An important consideration for the site of business incorporation is the tax benefit enjoyed or tax ramifications incurred by incorporating in a particular state. Notably, Nevada provides substantial tax benefits to businesses. Significantly, Nevada has no business income tax. In contrast, Delaware imposes a business income tax of 8.7%. Additionally, Nevada has no franchise tax, whereas Delaware imposes a significant franchise tax calculated upon the number of shares issued by the corporation. This franchise tax, zero in Nevada, ranges between $75.00 and $165,000.00 in Delaware.
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.
An important consideration for the site of business incorporation is the tax benefit enjoyed or tax ramifications incurred by incorporating in a particular state. Notably, Nevada provides substantial tax benefits to businesses. Significantly, Nevada has no business income tax. In contrast, Delaware imposes a business income tax of 8.7%. Additionally, Nevada has no franchise tax, whereas Delaware imposes a significant franchise tax calculated upon the number of shares issued by the corporation. This franchise tax, zero in Nevada, ranges between $75.00 and $165,000.00 in Delaware.
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.
Monday, June 21, 2010
Best Reasons to Incorporate in Nevada - Part 3
INCORPORATING IN NEVADA
In recent history, Nevada has consistently been one of the fastest growing states in population in the United States. The growth translates to a greater earning potential for businesses in Nevada. In 2008, Nevada was ranked number two by the Small Business Entrepreneurship Council's Small Business Index, meaning that Nevada is not only attractive for a site of incorporation, but for business longevity as well.
(www.sbecouncil.org/news/display.cfm?ID=2957)
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.
In recent history, Nevada has consistently been one of the fastest growing states in population in the United States. The growth translates to a greater earning potential for businesses in Nevada. In 2008, Nevada was ranked number two by the Small Business Entrepreneurship Council's Small Business Index, meaning that Nevada is not only attractive for a site of incorporation, but for business longevity as well.
(www.sbecouncil.org/news/display.cfm?ID=2957)
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.
Friday, June 18, 2010
Best Reasons to Incorporate in Nevada - Part 2
Incorporating in Nevada
Company formation can be eased through statutory "organizers," such as attorneys, accountants, or professional registered agents, which allows a business owner to focus on running the business while a professional handles the formation of the entity. Nevada is an attractive state to incorporate for all business types. First, Nevada has a long history of a very pro-business environment. Nevada remains the second most popular commercial filing jurisdiction in the country, which can be attributed to Nevada's favorable business climate and low taxes. (www.whynevada.com/commercialrecordings).
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.
Company formation can be eased through statutory "organizers," such as attorneys, accountants, or professional registered agents, which allows a business owner to focus on running the business while a professional handles the formation of the entity. Nevada is an attractive state to incorporate for all business types. First, Nevada has a long history of a very pro-business environment. Nevada remains the second most popular commercial filing jurisdiction in the country, which can be attributed to Nevada's favorable business climate and low taxes. (www.whynevada.com/commercialrecordings).
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.
Wednesday, June 16, 2010
Why Your Company Should Incorporate In Nevada - Blog Series
INCORPORATING IN NEVADA
In comparison to any other state, Nevada affords business entities the most asset protection, tax benefits, privacy, freedom and flexibility. Not only is incorporating in Nevada fast and easy, it is also inexpensive. In recent years, Nevada has actually reduced incorporation fees. Furthermore, maintaining a corporation in Nevada is inexpensive, as Nevada charges only nominal annual fees.
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.
In comparison to any other state, Nevada affords business entities the most asset protection, tax benefits, privacy, freedom and flexibility. Not only is incorporating in Nevada fast and easy, it is also inexpensive. In recent years, Nevada has actually reduced incorporation fees. Furthermore, maintaining a corporation in Nevada is inexpensive, as Nevada charges only nominal annual fees.
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.
Subscribe to:
Posts (Atom)