What is the #1 Reason to
Incorporate in Nevada?
--------------------------------------------------------------------------------
Is it the fact that there is NO State Income Tax?
NO! (This ONLY applies if you are actually operating your business IN Nevada-and the employees live in Nevada).
Is it the PRIVACY offered by Nevada?
NO! This is a minor benefit. Basically, stockholders are not in the Secretary of State records. But once you obtain a business license in Nevada or your home state (more likely) your privacy is out the window and also in a dozen other areas!
Is it the fact that Nevada does not exchange
information with the IRS?
NO! 95% of the companies that are formed in Nevada should register as foreign entities. When that happens now your HOME STATE will exchange information with the IRS!
The Real Reason to Incorporate in Nevada:
Is it the fact that Nevada is the hardest state in
the country in which to PIERCE the CORPORATE VEIL?
YES! It has the appearance of an iron fortress to creditors. The corporate veil has only been pierced once in Nevada in the last 21 years!! And that was where the corporation was actually doing business in Nevada and had committed fraud against a Nevada resident.
AGAIN-ONLY ONCE IN THE LAST 21 YEARS HAS THE CORPORATE VEIL BEEN PIERCED IN NEVADA!
\ \ |
