| Many business owners opt to incorporate their | | | | C-corp type of corporation pays their tax directly to |
| business to protect themselves and the business from | | | | the IRS. LLC or limited liability company is an |
| unanticipated losses and liabilities. Both small as well as | | | | unincorporated legal entity created under state law. |
| large businesses can be incorporated. It is possible to | | | | The process of incorporating in Nevada is similar to |
| incorporate businesses in any state in the United | | | | other states. "Articles of incorporation" are filed with |
| States, regardless of where the business is operated. | | | | the state to receive its approval to form a corporation. |
| Many business owners choose to incorporate their | | | | Articles include various details of the business such as |
| businesses in Delaware or Nevada, as they are very | | | | the state where it is operated, and the nature of the |
| corporate-friendly. Nevada has highly favorable | | | | business. Business owners have to pay the prescribed |
| corporate laws. Many new business owners and small | | | | fees for incorporating their businesses. |
| business owners lack adequate knowledge about the | | | | Nevada corporation offers unbeatable benefits to |
| corporate laws prevailing in Nevada. The most | | | | business owners. They do not have to pay a |
| frequently asked questions about Nevada | | | | corporate income tax or taxes on corporate shares. |
| corporations, include what are the different types of | | | | Business owners do not have to pay any franchise |
| corporation entities, the process of incorporation, and | | | | tax or any personal income tax either. Along with |
| what are the advantages of Nevada corporations. | | | | directors, Nevada incorporation protect officials from |
| A corporation is considered as a separate legal entity. | | | | personal liability as well. |
| If the corporation is sued, the business owners and the | | | | It is advisable for new business owners to utilize the |
| officials are protected from personal liability. | | | | services of Nevada corporation planners who are |
| Business owners have to select the type of entity that | | | | specialized in Nevada corporate laws. They can also |
| best suits their business. An S-corp refers to a | | | | provide information about all the aspects of Nevada |
| corporation that has elected a special tax status. A | | | | incorporation on the Internet. |