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Nevada Corporation gives access to a series of fiscal and legal benefits. Asset Protection and tax exposure reduction are the two primary reasons that people choose a Nevada Corporation. The first main consideration when deciding whether to start a Nevada Corporation is the effect on tax exposure. Nevada Corporations offers outstanding fiscal advantages. Nevada Corporations have no business income tax, corporate shares taxes, state corporation tax, franchise tax, or inheritance tax. Further, Nevada corporations do not have to file state tax returns and share information is held private. In a Nevada corporation the shareholders of a standard corporation may consist of any number of individuals of any nationality, and/or any number of Corporations. Shareholders identities are protected in by the Nevada corporation. Any individual or nominee, as a Director or Officer in a Nevada Corporation, is protected from personal liability for acts committed on behalf of the Corporation, by the Corporation.
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