| If you would like to incorporate in Nevada, | | | | responsibility for the damage. The court |
| you are not alone. Nevada is a | | | | assigns the percentage of liability in these |
| business-friendly state, and many businesses | | | | instances. |
| choose to form an LLC in Nevada, as well as | | | | |
| other corporate business structures. When it | | | | In Nevada, the filing fees for incorporating |
| comes time to finding help concerning how to | | | | in Nevada are much lower than those in other |
| incorporate, business owners turn to | | | | states, which can run into several hundred |
| trustworthy online incorporation services, | | | | dollars depending on the particular state in |
| whose purpose is to get your business set up | | | | question. If you choose to form an LLC in |
| as a corporation in any state you wish. When | | | | Nevada, you will receive the same protections |
| it comes time to incorporate, Nevada is the | | | | as a corporate entity would, another |
| first choice of many for several good | | | | impressive advantage to a Nevada limited |
| reasons. | | | | liability company. |
| | | | |
| As a small business, such as a Nevada limited | | | | If your business is physically operated and |
| liability company, you will be pleased to | | | | located in Nevada, and if your employees are |
| hear that a single person may hold the | | | | legal residents of the state of Nevada, you |
| positions of all the corporate offices of | | | | will enjoy other benefits. One big one is |
| company president, secretary and treasurer, | | | | that there is no state income tax that your |
| if you wish. You may, however, choose to | | | | business will need to pay. Another benefit |
| bring on other shareholders and members, if | | | | to Nevada business owners is that Nevada does |
| that is a better business decision for your | | | | not exchange information with the Internal |
| specific company. | | | | Revenue Service. Again, this applies only to |
| | | | Nevada-based businesses with resident of |
| Many businesses choose to incorporate in | | | | Nevada employees. |
| Nevada because of liability issues. Persons | | | | |
| owning corporations do not run the risk of | | | | It can make sense to incorporate in Nevada if |
| having their personal assets lost if the | | | | you are a small business owner. To be sure |
| company is sued. One of the advantages to | | | | if Nevada incorporation is a smart move for |
| incorporating in Nevada is that this state | | | | you and your company, you will want to |
| has gotten rid of what is called "joint and | | | | contact an accountant or tax adviser, or a |
| several liabilities." Normally, if a | | | | lawyer, but this can be a costly option. |
| corporation gets sued, you and all of your | | | | Many business owners turn to online services, |
| shareholders are equally responsible, no | | | | who have knowledge of each state's |
| matter how much each person might have had to | | | | requirements for incorporation, and can |
| do with actually causing the damage. This is | | | | handle the paperwork for you so that your |
| not the case in Nevada, where each defendant | | | | business is properly incorporated in any |
| is required to pay a share of the total | | | | state you wish. |
| penalty that is equal to his or her actual | | | | |