Nevada legislature has pushed for the creation of a business-friendly legislature for years in order to make it a more attractive state for businesses looking for tax advantages and laws that promote their business rather than smother it.

• No state corporate income tax
• No state personal income tax
• No franchise tax on income
• No inheritance or gift tax
• Strong asset protection laws including domestic asset protection trusts
• Minimal reporting and disclosure requirements
• Strong privacy protections for business owners

Why Nevada?

Fortune magazine stated that “Nevada\’s attraction is that it has one of the lowest costs of doing business in the West” — therefore making it one of the best states in America for business. Nevada\’s combination of no state income tax, strong asset protection laws, and business-friendly regulations makes it an ideal state for incorporating your business.

Nevada LLCs and Corporations

Nevada LLCs and corporations offer some of the strongest liability protections in the country. Nevada law makes it very difficult for creditors to pierce the corporate veil, and the state\’s charging order protection for LLCs is among the strongest in the nation. This means your personal assets are better protected from business liabilities.

Upstreaming to Nevada

One powerful strategy for businesses operating in high-tax states is “upstreaming” — having a C-corporation in your home state upstream its earnings to a Nevada subsidiary. If done correctly, the corporation can avoid paying state income tax in its home state. This strategy is most effective when upstreaming to a company in a state with no income tax, such as Nevada or Florida.