One of the biggest problems with being self-employed is that unlike when you had an employer who took care of your taxes and only took the correct amount from your check, you are going to be paying out 30% of your income in taxes. This is simply the fact, as a self-employed sole proprietor you are going to be paying double the taxes on your income, incorporation in Nevada can help with this.
Incorporation in Nevada Will Reduce Your Tax Burden
One of the biggest advantages to incorporation in Nevada is that once you turn your sole proprietorship or partnership business into an LLC, your tax burden will be reduced significantly. This is just the way the IRS has their codes set up and other than forming your own corporation, there is nothing you can do but pay double the taxes on your income. If you do not want to keep paying out so much in taxes, you need to contact us and let our agents help you establish your corporation here in Nevada.
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