Every U.S. state develops its own unique statutes regarding corporate structuring, operational requirements, legal protections, and personal privacy protection. And because Nevada has the most business-friendly incorporation statutes in the nation, it is considered a pro-business state. In fact, Nevada is unique for many reasons, including:
When you form a Nevada entity, you won’t have to pay franchise taxes, tax on corporate shares, or personal income tax.
Nevada has some of the strongest asset protection laws in the country, which protect business owners and their personal assets.
There is no minimum capital requirement to incorporate in Nevada.
Nevada requires only minimal disclosure of personal information at the time of start-up and at the time of annual filings.
Directors and officers don’t need to live in Nevada, hold meetings in Nevada, or be a Nevada resident. An entity can be formed by mail, fax, or phone, and the person incorporating in Nevada never has to visit the state.
In Nevada, the corporate veil may be pierced only if the owner of the company has committed deliberate misleading non-legal acts.