WHY INCORPORATE IN NEVADA?

Most people know what the usual benefits of incorporation are. Nevada, however, established their current laws concerning incorporation on a simple premise: What would attract new incorporation filings to Nevada? The answer was that Nevada had to make itself the most attractive place in the nation to incorporate. And they've done it!

Nevada is the only state in the union with no IRS information sharing agreement. It has also made the reporting requirements as minimal as possible. The list of stockholders is not public record information. There are no corporate share taxes or income taxes. In addition, Nevada has no personal income taxes.

Stockholders, directors and officers need not live or hold meetings in Nevada (or the US for that matter). The directors do not have to be shareholders. Officers and directors of Nevada corporations can also be protected from personal liability for the lawful acts of the corporation. Nevada corporations can hold, purchase, sell or transfer shares of its own stock.

Nevada corporations may issue stock for capital, services, personal property or real estate (to include leases and options). Not only that, but the directors of the corporation can determine the value of any of these transfers, and their decision is final!

This is just a brief summary of your options in the State of Nevada. If you would like more information regarding incorporating in Nevada, please give Jeffrey S. Posin & Associates a call at 897-5870.