Nevada’s Business Advantage

Posted on

Did you know that Nevada does not tax the income of its corporations? Unlike most states in this country, Nevada has taken a ‘pro-business’ stance. Nevada’s legislature has consistently recognized that taxing the income of its businesses or its citizens would be the wrong approach for maintaining a healthy state economy. You will be required to pay payroll tax if you have employees and may be required to pay sales tax if your Nevada Corporation is selling products in Nevada. Beyond paying no income tax, your Nevada Corporation will not be required to pay any other hidden taxes, such as franchise taxes, capital stock taxes, estate taxes, gift tax, unitary tax or inventory taxes. You may form your business entity in Nevada even though you operate your company in another state. Doing so usually provides the individual business owner with maximum asset protection and can even have positive tax implications.

Start your Nevada LLC in 24 hours
guaranteed

You don’t need to live in Nevada to enjoy the best asset protection
and audit defense a Nevada LLC can provide.

For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.

Tags: Business Expenses, Corporation, Deductions, incorporation, IRS, LLC, Record Keeping, Recordkeeping, Small Business Taxes

    24 HOUR LLC GUARANTEE

    Speak With a
    Business Expert


    TrustPilot

      24 HOUR LLC GUARANTEE

      Speak With a
      Business Expert

      Search

      Start your Nevada LLC in 24 hours guaranteed

      You don’t need to live in Nevada to enjoy the best asset protection and audit defense a Nevada LLC can provide.

      Categories

      Archives