As the owner of a small business, when you look at your tax bill for the year it can be quite a scary number, even if you have an outstanding tax accountant. It might even make you wonder if being in business for yourself is really worth it, at least when you worked for someone else your taxes were affordable. If this is the situation you find yourself in, then you might find that filing for incorporation in Nevada makes good sense.
When you file for incorporation in Nevada as an LLC or Limited Liability Corporation, one of the first things you are going to notice is that the state charges you no taxes of any kind on your income. The next thing you will notice is that as an LLC your income taxes will be cut practically in half. Finally depending on your state and their laws, being "based" in Nevada may reduce or eliminate many of the tax liabilities businesses based in your state are subject to. As always check with a tax attorney to make sure you meet your state tax liabilities at all times.
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