According to the data released by the U.S. Census Bureau, there are approximately 18 million enterprises in the United States that operate without paid employees. The report stipulates that small businesses compose more than 70 percent of all the companies, with receipts totaling to $770 billion nationwide. This data presents that Nevada is steadily near or at the top of the list when it comes to the progression of small businesses. So, why incorporate in Nevada?

The Facts

It’s understandable to ask why Nevada, which only ranked 35^th in population after the last census, is a hot spot for business activities. The answer is pretty simple, when you incorporate a business in Nevada you receive several business benefits to append to those that you will procure when you incorporate in your home state, in California, or in another state.

For instance, Nevada doesn’t place tax on income of either the company or the individual, and doesn’t have a sharing information agreement with the IRS or with other parties and agencies. The directors of the Nevada corporation are not required to be stockholders, while the corporation can buy, hold, and transfer its own interests, rights, and stock. In reality, the State of Nevada is acknowledged as a ‘pro-business’ entity and moves to great lengths just to protect your privacy as a business owner. Even though the annual filing requirements of Nevada requires giving out information about the director or officer, any changes and amendments on the officers and directors of the company do not have to be publicly disclosed. (read more…)