The tax advantages offered by the state of Nevada to Nevada LLC are some of the major reasons why the number of people forming corporations within the state is continuously increasing.

NO Personal Tax
NO Franchise Tax
NO Corporate Income Tax

Other than these tax advantages, Nevada Corporations are guaranteed utmost privacy, compared to any other state. Nevada is one of the states which are not tied to the Information Sharing Agreement with the IRS thus information on stockholders is kept confidential. Furthermore, Nevada Corporations are not obligated to make monthly reports and meetings.

Other benefits of Nevada Corporations

- Shareholders and members of the Board of Directors do not have to reside in Nevada, neither do they have to be US citizens nor residents of the state.
- Directors do not necessarily have to be stockholders.
- Personal liability protection from lawful acts of the corporation
- Control of stocks
- Nevada Corporations are free to decide on what type of transactions they wish to issue stock for. The directors of the corporation make the final decision.
- Piercing of the corporate veil is not as common as it is in other states. In fact, it is the only state whose laws provide utmost protection to the corporate veil.
- One can form a corporation even if his only intention is to provide limited liability protection in other business ventures he will decide to engage in the future.
- Using of “bearer shares” is considered illegal in Nevada.