C corporations provide limited liability protection to owners, meaning owners are typically not personally responsible for business debts and liabilities. Starting a C corporation may also offer greater tax advantages because of an expanded ability to deduct employee benefits, which are most often used by growing businesses. A C corporation can provide the following advantages: limited liability protection, easy transfer of ownership, credibility, unlimited owners, tax deductible expenses, lower audit risk and self-employment tax savings. The important point to remember is that, when you own a corporation, it exists as a completely separate entity or ‘person’. You can live anywhere you choose because it is the corporation’s ‘state of residence’ that dictates the requirements.
To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.