Why Nevada Corporation?
Why Incorporate in Nevada?
Incorporating in the state of Nevada offers business owners significant benefits, such as no corporate income tax, no taxes on corporate shares and no annual franchise tax. Additionally, Nevada corporation law was based on the Delaware model to minimize the time, cost and risks of commercial litigation.
Nevada remains one of our most popular states for incorporation and LLC formation. With only the 35th largest population in the United States, Nevada has a thriving business community. Some of the largest U.S. companies, including Harrah’s Entertainment, MGM Mirage, and Las Vegas Sands, maintain their headquarters in Nevada. This state also services many small businesses, particularly in major industries like tourism, mining, and manufacturing.
General Nevada Incorporation Information
Prior to incorporating in Nevada, business owners must have a business license. While most business licenses are city-, county-, or industry-based, Nevada is one of only five U.S. states that require such a license for business owners who intend to incorporate. incorporate.com can help business owners research the process of obtaining a business license. An LLC or Corporation in Nevada is also required to designate a Registered Agent.
Nevada Articles of Incorporation
Once a business license has been obtained, you will need to create articles of incorporation and corporate bylaws. We can assist your business in writing these articles and bylaws, as well as in the process of selecting and registering a unique name for the corporation. In Nevada, if the name of a business is a natural person’s name, the state requires that the business’s name be followed by an entity indicator such as “Inc.,” “LLC,” “Limited,” “Corporation,” or any appropriate designation or its abbreviation.
How to Incorporate?
- Choosing a Corporation Name – Nevada has certain requirements when it comes to the name of your corporation. When setting up a Nevada corporation, it is important that the general public will not confuse your business name with any name of a currently owned limited liability company, business trust, corporation, or limited partnership. Restricted Designations – Certain words are restricted and cannot be used with your Nevada company formation unless approved by the state.
- Officers and Directors – The director of your corporation will need to be a minimum of eighteen years old at the time of incorporation. In addition, the address and name of the director will need to appear in the Articles of Incorporation for a Nevada corporation filing. Nevada is one of several U.S. states that require a corporation to have a President, Secretary, and Treasurer.
- No state income, corporate or franchise taxes.
- No taxes on corporate shares or profits.
- Privacy protection for owners choosing to be anonymous.
- No operating agreements or annual meetings requirements.
- Low business registration fees and quick turnarounds.