Why Incorporate in Nevada?
Incorporating is one of the best decisions you can make to protect your personal assets as a business owner. Incorporating separates your business assets from your personal assets to prevent your savings, home, retirement and other personal assets from being targeted by any lawsuit against your business. In addition, incorporating may create additional tax deductions that could put money back to the bottom line of your business.
Reasons to Incorporate Your Business:
- Liability Protection
- Asset Protection
- Tax Savings
- Separate Business and Personal Assets
- Builds Credibility
- Reduced Chance of a Tax Audit
- Brand Protection
Perhaps the most sought-after benefit of forming an entity is the ability to separate personal assets from business assets, legally, by establishing a corporate veil. The corporate veil prevents lawsuits and other adverse actions against a business from targeting the personal assets of the business owner.
The reality is that by establishing an LLC, you can protect your personal assets from any liability you incur in your business, minimize your taxes, and take advantage of other benefits afforded by a legal entity.
Do you need to incorporate?
- Are you starting your own company?
- Do you have investment real estate?
- Does your estate plan need sophisticated structuring?
If you answered “yes” to any of these questions, it’s time to call the experts at Nevada Corporate Headquarters, Inc. We can provide the solutions you need to keep yourself protected at all times.
Selecting the Best State Law
Many people are unaware that each of the fifty states writes its own unique statutes regarding entity structuring, operational requirements, legal protection (such as the corporate veil) and personal privacy protection. Whether you’re a new or seasoned business owner, it’s important to select the best state to incorporate your business, so that you can get the maximum amount of asset protection. No state in the union has more business-friendly incorporation statutes than the state of Nevada.
Why is Nevada Unique?
- Nevada has some of the strongest asset protection laws in the country that protect business owners and their personal assets.
- When you form a Nevada entity, you’ll enjoy numerous tax advantages such as: NO franchise taxes, NO tax on corporate shares and NO personal income tax.
- There is no minimum capital requirement to incorporate in Nevada.
- Nevada requires only minimal disclosure of personal information at the time of start-up and at the time of annual filings.
- Directors and officers need not live in Nevada, hold meetings in Nevada or be a Nevada resident. You can be anywhere and still form a Nevada LLC or Corporation!
For example, in the state of Nevada, the corporate veil may be pierced only if the owner of a company is deemed you have committed deliberate misleading non legal acts. The corporate veil may be pierced much more easily in other states for reasons such as:
- Utah: Commingling of personal and business funds
- Connecticut: Failure to keep minutes of corporate meetings
- Texas: Improper documentation of loans between the company and shareholders
- Missouri: Court ruling that a business owner (not the company) benefited from business losses.
Why Incorporate in Nevada?
Nevada is known as an extremely pro-business state. Nevada is one of the few states where the corporate veil has never been pierced, except in instances of fraud.
Reasons to Incorporate in Nevada:
If you're in business and have assets over $50,000, you need to make sure you adequately protect yourself by incorporating in Nevada because:
- One in every four small businesses has been sued or threatened with a lawsuit in the past five years.
- There is one lawsuit filed every 2.08 seconds – the equivalent of the blink of an eye.
- One lawsuit can damage or destroy your livelihood, forcing you to close your doors.
Just cause is not a pre-requisite to lawsuits any more.
One of the main reasons for incorporating in Nevada is to limit the exposure of your assets to business losses. Incorporating separates corporate activities from personal assets. The bullet-proof protection existing in Nevada corporations, however, takes it to a new level, making it virtually impossible for creditors and litigants to get your hard-earned assets.
More and more business-savvy people are discovering the tremendous advantages that Nevada offers. Unlike most other states, there has never been a case in which the corporate veil* was pierced in Nevada, except in the instance of fraudulent activity. This means your personal assets receive maximum protection when separated from business activities by a Nevada LLC or corporation.
No Minimum Capital Requirements
A Nevada corporation can be organized with very little capital, if desired. Many states require that a corporation have at least $1,000 in capital.
One Person Requirement
One person can hold the offices of President, Secretary, Treasurer, and be the sole Director. Many states require at least 3 officers and/or directors. Thus, there is no need to bring other persons into a Nevada corporation if the owner does not desire it.
No Need to Come to Nevada
An entity can be formed by mail, fax, or phone and the person incorporating in Nevada never has to visit the state, even to conduct annual meetings. Meetings can be held anywhere in the world.
Unlike many other incorporating companies, Nevada Corporate Headquarters, Inc. (NCH) provides a variety of services to help your business succeed. Our Senior Consultants are certified asset protection specialists that will take the time to find the perfect business structure for your needs. Staff support and systems make creating your business and protecting your assets easy, quick and convenient. Count on NCH to help grow your business and protect your family's future.
Why Incorporate with Nevada Corporate Headquarters, Inc.?
- Nevada Corporate Headquarters is the largest incorporating service in the state of Nevada. Since, 1989, NCH has formed more than 100,000 entities.
- When you select NCH as your incorporating service, you are selecting a company unlike any other in the industry. Senior sales consultants have earned the Certified Asset Protection Professional (CAPP) designation.
- NCH offers a full range of services not offered by most registered agents. Comprehensive asset protection strategies include business entity formation, tax consultation and return preparation, estate planning, building business credit, and much more.
- Dedicated to providing the highest standard of customer service to obtain 100% client satisfaction.
- A nationwide reputation for assisting entrepreneurs, large corporations and licensed professionals – NCH has several highly recognized lawyers, CPAs and financial planners from around the country, who put their trust in NCH to structure asset protection strategies for their clients.
Want to learn more about why Nevada is that state that many entrepreneurs chose for incorporation? Please call 1-800-508-1729 to speak with a business formation specialist.