Nevada Incorporation Services
Formation
in Nevada
If you live in Nevada, or your business is based in Nevada, there is no legal requirement to form your new corporation or LLC there. However, for a small business entity that primarily or exclusively does business in Nevada, there is rarely an advantage to forming it in another state because you will still be required to qualify your entity in the state where you are doing business. This increases compliance requirements and maintenance costs related to annual filings and franchise fees in multiple states.
Choose Your Entity
C Corps
For founders who:
- Have no limit on the number of passive investors as shareholders
- Do not wish to limit investors only to individual persons
- Want liability protection for all shareholders
- Want governance of the corporation through a select board of directors
- Want to accumulate money in the corporation without having to pay distributions
- Want to pay tax on the corporation’s earnings at the corporate level
- Have shareholders willing to pay individual income tax on their dividend income
$1625
C Corps
$1625
For founders who:
- Have no limit on the number of passive investors as shareholders
- Do not wish to limit investors only to individual persons
- Want liability protection for all shareholders
- Want governance of the corporation through a select board of directors
- Want to accumulate money in the corporation without having to pay distributions
- Want to pay tax on the corporation’s earnings at the corporate level
- Have shareholders willing to pay individual income tax on their dividend income
S Corps
For founders who:
- Expect to have fewer than 100 shareholders
- Expect to have only individual shareholders (e.g. no corporate or LLC shareholders) who will pay their pro-rata share of the corporate taxes on their individual returns
- Want liability protection for shareholders
- Want governance of the corporation through a select board of directors
- Want to avoid taxation at the corporate level and pass it through to the individual shareholders on their individual tax returns
- Are willing to pay annual dividends to shareholders to cover tax obligations
$1625
S Corps
$1625
For founders who:
- Expect to have fewer than 100 shareholders
- Expect to have only individual shareholders (e.g. no corporate or LLC shareholders) who will pay their pro-rata share of the corporate taxes on their individual returns
- Want liability protection for shareholders
- Want governance of the corporation through a select board of directors
- Want to avoid taxation at the corporate level and pass it through to the individual shareholders on their individual tax returns
- Are willing to pay annual dividends to shareholders to cover tax obligations
LLC's
For founders who:
- Want maximum flexibility with respect to ownership
- Want management by a single manager, multiple managers, or all of the members
- Want minimal corporate governance requirements
- Want liability protection for members
- Want to avoid taxation at the company level and pass it through to each member on their individual tax returns
- Are willing to pay annual dividends to shareholders to cover tax obligations
$1325
LLC's
$1325
For founders who:
- Want maximum flexibility with respect to ownership
- Want management by a single manager, multiple managers, or all of the members
- Want minimal corporate governance requirements
- Want liability protection for members
- Want to avoid taxation at the company level and pass it through to each member on their individual tax returns
- Are willing to pay annual dividends to shareholders to cover tax obligations
Professional Entity
For founders who:
- Engage in certain professions that are licensed by the state in which they practice such as medicine, dentistry, chiropractic; nursing; marriage and family therapy; physical therapy, social work; law, and accounting;
- Shareholders are limited to individuals or other professional corps that are licensed in the field or authorized related fields
- Use the name of a professional licensee in the name of the entity
- Professional corps are in all other ways like regular corporations and can elect to be classified as C-Corps or S-Corps for tax purposes
$1625
Professional Entity
$1625
For founders who:
- Engage in certain professions that are licensed by the state in which they practice such as medicine, dentistry, chiropractic; nursing; marriage and family therapy; physical therapy, social work; law, and accounting;
- Shareholders are limited to individuals or other professional corps that are licensed in the field or authorized related fields
- Use the name of a professional licensee in the name of the entity
- Professional corps are in all other ways like regular corporations and can elect to be classified as C-Corps or S-Corps for tax purposes
Factors to consider
According to the Nevada Secretary of State, the following are some of the “Top Reasons to Incorporate in Nevada”:
- No Corporate Income Tax
- No Taxes on Corporate Shares
- No Franchise Tax
- No Personal Income Tax
- Nominal Annual Fees
There is no question that these are top reasons for a Nevada-based business to incorporate in Nevada, but do these advantages apply to a business located in another state and doing little or no business in Nevada? The simple and unqualified answer is a definitive “no” and there is no explicit claim by the Nevada Secretary of State or any reputable Nevada incorporation service that any of these tax advantages apply to a business located outside Nevada.
The reason is simple: a business located in another state, for example, California, cannot simply form a Nevada corporation to run a California-based business and thereby avoid paying the fees and taxes normally imposed on businesses operating in California.
Think about it for a moment. If you operate a retail clothing store in New York, own a restaurant in California, or have a computer repair service in Illinois, and you could avoid paying business income taxes in your home state merely by incorporating in Nevada, why would you ever incorporate your business in your home state? You wouldn’t.
Some Nevada-based incorporation services have also promoted Nevada’s advantages to include superior liability protection for the personal assets of the owners and better privacy to operate anonymously as an officer, director, or shareholder in a Nevada corporation. The truth is:
- Nevada, like all states, requires a corporation to file an annual report (in Nevada it’s called an Annual List of Officers and Directors) that lists the names and addresses of the corporation’s officers and directors. This is a public record that anyone can access directly on the Nevada Secretary of State website.
- While shareholders’ names and addresses are not required by Nevada’s Annual List, neither are shareholder names required in the annual reports of virtually all other states.
- The personal liability protection offered by a Nevada corporation is no greater than it is in other states.
Comprehensive Pricing
Our Digital Incorporation Packages cover everything you need to legally form your entity and register with the IRS so that you can open your company’s bank account and get started.
- Expedited processing
- Personalized digital records
- Registered agent services for the first year
- Government forms preparation and processing
- EIN application
- Filing of Beneficial Ownership Information (BOI) Report
How We Do It
How We Do It
The secret to our success is personalized attention. At Nationwide Incorporators, an attorney answers your specific questions and walks you through each step of the process.
The secret to our success is personalized attention. At Nationwide Incorporators, an attorney answers your specific questions and walks you through each step of the process.
STEP 1
Quality Check
An attorney thoroughly reviews your questionnaire and contacts you to resolve any questions
STEP 2
Name Availability Check
Your requested entity names are checked with your formation state for availability
STEP 3
Document Filing
We prepare and file your formation documents to create your new legal entity
STEP 4
Finalize Documents
An attorney prepares fully customized final documents and forms based on your package selection
STEP 5
Unlimited Free Support
An attorney is always here to provide assistance and answer questions about your new entity