855-371-0070
When it comes to incorporating a business out of state, did you know that Nevada is considered the number one state to launch your corporation in? It’s actually not mandatory to incorporate your business in the state where you live or even conduct your business. This flexibility allows businesses around the country to have options and ultimately do what is best for them, from an asset protection and tax point of view! You can be incorporated in a state where you neither live nor work. At Corporate Capital, many of the clients we work with operate businesses in the state where they live but their corporation or LLC is headquartered in the state of Nevada.
Nevada is a popular choice because it offers business owners strong asset protection and tax treatment. Some even call it a corporate haven for this reason. A Nevada Corporation or LLC offers your business the option of no corporate income tax, no taxes on corporate shares, no tax on your franchise, and having a business court that stays on the lower range when it comes to time, cost, and risk of commercial litigation.
Because Nevada doesn’t levy state income tax on its residents, the funding for the state typically comes from tax revenue gained from the gambling and hospitality industries. So, if you are a business operating outside of Nevada, why choose to incorporate in our state?
-There is no corporate income tax (or franchise tax) for corporations or LLCs and there are no fees on corporate shares.
-There is no state income tax, meaning you do not get taxed as an individual for any monies earned in Nevada.
-As a non-resident, you can still function as a shareholder, director, officer of a corporation, or member/manager of an LLC.
There are some good questions to help you evaluate your option for incorporating your business. So, for example, ask yourself the following:
-How will the state tax my corporation or LLC?
-Will there be an extra tax requirement on a foreign corporation?
-Will there be an income tax on certain entity types, or will there be a minimum tax or franchise tax levied?
-Can you project your revenue for the next few years and estimate your total taxes to pay based on that?
Here’s a comparison outlining what Corporate Capital offers your business when incorporating in Nevada:
For a Limited Liability Company (LLC), you get the following:
-Tax ID Number
-Corporate Record Book
-1 Hour Corporate Consultation with CEO
-Membership Certificates
-Lifetime Corporate Consulting
-Registered Agent Service
-Articles
-Business License
-Operating Agreement
-Peace of Mind
For a C Corporation, you get the following:
-Tax ID Number
-Corporate Record Book
-1 Hour Corporate Consultation with CEO
-Stock Certificate
-Lifetime Corporate Consulting
-Registered Agent Service
-Articles
-Business License
-Operating Agreement
-Peace of Mind
For an S Corporation, you get the following:
-Tax ID Number
-Corporate Record Book
-1 Hour Corporate Consultation with CEO
-Stock Certificate
-Lifetime Corporate Consulting
-Registered Agent Service
-Articles
-Business License
-Operating Agreement
-Peace of Mind
For a Professional LLC/Corporation, you get the following:
-Tax ID Number
-Corporate Record Book
-1-Hour Corporate Consultation with CEO
-Stock Certificate
-Membership Certificates
-Lifetime Corporate Consulting
-Registered Agent Service
-Articles
-Business License
-Operating Agreement
-Peace of Mind
Corporate Capital Can Help!
If you are thinking about incorporating in Nevada, our team of licensed professionals is ready to show you the way. We are happy to answer your questions or concerns about a Nevada incorporation, achieving a corporation in Nevada, or incorporating your business in another state. You can save time, energy and money by making the decision that is best for your business’s future!
Our expertise lies in simplifying the process of incorporating your business and supporting your business’s benefits. We welcome you to speak to a member of our team by calling 855-371-0070 Monday – Friday: 8:00 AM – 5:00 PM or submit your request to us online. If you have high goals for your business in 2021, we look forward to helping you succeed!