One thing that many people do not realize is that your Nevada LLC is a completely separate entity from your home state corporation. You are in essence created a new company such that any time you write a check from your home state corporation to the one in Nevada, the money you spend is a tax deductible expense in your home state and the income is transferred to Nevada completely tax free.
This is only one of the many advantages of forming a Nevada LLC; you can also enjoy a number of other tax free benefits such as retirement plans, medical reimbursement plan and more as your Nevada LLC will not have any employees. What you will find is that this will present you with numerous ways to make money from your corporation tax-free and not have to pass the majority of these benefits on to your employees.
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