If you would like to incorporate in Nevada, you
are not alone. Nevada is a business-friendly state,
and many businesses choose to form an LLC in Nevada,
as well as other corporate business structures.
When it comes time to finding help concerning how
to incorporate, business owners turn to trustworthy
online incorporation services, whose purpose is
to get your business set up as a corporation in
any state you wish. When it comes time to incorporate,
Nevada is the first choice of many for several good
As a small business, such as a Nevada limited liability
company, you will be pleased to hear that a single
person may hold the positions of all the corporate
offices of company president, secretary and treasurer,
if you wish.
You may, however, choose to bring
on other shareholders and members, if that is a
better business decision for your specific company.
Many businesses choose to incorporate in Nevada
because of liability issues. Persons owning corporations
do not run the risk of having their personal assets
lost if the company is sued. One of the advantages
to incorporating in Nevada is that this state has
gotten rid of what is called "joint and several
liabilities." Normally, if a corporation gets
sued, you and all of your shareholders are equally
responsible, no matter how much each person might
have had to do with actually causing the damage.
This is not the case in Nevada, where each defendant
is required to pay a share of the total penalty
that is equal to his or her actual responsibility
for the damage. The court assigns the percentage
of liability in these instances.
In Nevada, the filing fees for incorporating in
Nevada are much lower than those in other states,
which can run into several hundred dollars depending
on the particular state in question. If you choose
to form an LLC in Nevada, you will receive the same
protections as a corporate entity would, another
impressive advantage to a Nevada limited liability
If your business is physically operated and located
in Nevada, and if your employees are legal residents
of the state of Nevada, you will enjoy other benefits.
One big one is that there is no state income tax
that your business will need to pay. Another benefit
to Nevada business owners is that Nevada does not
exchange information with the Internal Revenue Service.
Again, this applies only to Nevada-based businesses
with resident of Nevada employees.
It can make sense to incorporate in Nevada if you
are a small business owner. To be sure if Nevada
incorporation is a smart move for you and your company,
you will want to contact an accountant or tax adviser,
or a lawyer, but this can be a costly option. Many
business owners turn to online services, who have
knowledge of each state's requirements for incorporation,
and can handle the paperwork for you so that your
business is properly incorporated in any state you
About the author:
Businesses who want to incorporate in Nevada are
the specialty of Wayne Hemrick. As a specialist
he leads owners through the process of how to incorporate
business in Nevada. Wayne has worked with many small
businesses in forming an LLC in Nevada.
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