| Businesses can be incorporated in any state in the U.S. | | | | and the Nevada corporations also protect them from |
| Nevada and Delaware are the most commonly | | | | personal liability. A Nevada corporation or LLC may |
| preferred states for incorporation. Incorporating in | | | | have a very low capital. It offers optimum protection to |
| Nevada has unbeatable benefits. Many business | | | | the Board of Directors from shareholder lawsuits. |
| owners and entrepreneurs prefer to utilize the | | | | Business owners must only have a legal purpose to |
| services of professional Nevada corporation planners, | | | | incorporate in Nevada. It is possible for one person to |
| who are specialized in Nevada corporate law. Nevada | | | | hold all the corporate positions through a Nevada |
| has favorable corporate laws as compared to any | | | | corporation. Besides, members do not have to be listed |
| other state. However, business owners are advised to | | | | in state records. |
| investigate all the pros and cons of Nevada | | | | In spite of these many outstanding benefits, Nevada |
| corporations carefully. | | | | incorporation also has a few drawbacks. In Nevada, |
| Nevada corporations offer exceptional tax benefits. | | | | business owners must name their initial directors in the |
| Business owners incorporating in Nevada do not have | | | | articles of incorporation. Nevada corporation includes |
| to pay corporate income tax, franchise tax, personal | | | | an annual filing in which business owners must reveal |
| income tax or taxes on corporate shares. Nevada | | | | the identities of the management. The incorporation |
| does not have any information sharing agreement with | | | | fees have also increased considerably in Nevada. In |
| IRS. As compared to many other states, Nevada has | | | | the corporate world, Nevada corporations are often |
| the least amount of reporting and disclosure | | | | attached with a stigma that dishonest business owners |
| requirements. Nevada offers lesser fees as compared | | | | utilize them to achieve illegal goals. |
| to other states. Stockholders, directors and other | | | | Nonetheless, the benefits attached to a Nevada |
| officials, do not necessarily have to be U.S. citizens, to | | | | corporation far outnumber its drawbacks. As a result, |
| incorporate in Nevada. Along with directors, officials | | | | many business owners prefer to incorporate their |
| are also equally protected in Nevada. It is not | | | | businesses in Nevada. |
| necessary that, the officials have to be stockholders, | | | | |