Depending on what state your business is located in, if you choose to incorporate in that state, you could be subjected to heavy business and occupation taxes that will eat away at what little profits you are managing to make in the current recession. There are many advantages to turning your company into a Nevada corporation, but paying neither of these taxes or any one of many other taxes has to be one of the biggest benefits.
Nevada corporations enjoy the most favorable corporate laws of any state in the country. Even if your business is located in New Jersey, as long as you are incorporated in Nevada, you fall under the jurisdiction of the state in which your company is incorporated. As one more advantage, Nevada is the only state that shares no information about your company with the IRS at any time.
No comments:
Post a Comment