Nevada is well known as a corporate haven. Many major corporations are incorporated in Nevada, particularly corporations whose headquarters are located in California and other Western or Eastern states.
Colorado offers same day filing just like the state of Nevada. It is becoming well known as a new small business corporate haven. The state of Colorado only charges $10.00 per year to keep it current.
Wyoming, just like the state of Nevada & Colorado has become fairly well known as a corporate haven. Many small to mid size corporations are incorporating in Wyoming and have a location based in another state.
Organizers of a
business generally have a choice on where to incorporate a
business. In the United States, corporations are generally
organized pursuant to state law, rather than federal law. A business
need not establish or maintain a physical presence in a state in order
to incorporate under the state's general
corporation law. Nevada's laws offer flexibility to a board of directors in managing the affairs of a
corporation, and permit management to put in place strong protection
from hostile takeovers. It also provides extremely strong protection
against piercing the corporate veil,
where a corporation's owners can be held responsible for the actions of
a corporation. As of 2007, in all of the court cases involving a
corporation, in a period of twenty years, in only one case has the
piercing of a corporate veil been permitted
under Nevada law, and in this single case the
reason was because of fraud on the part of the corporation's owners.
Because the provisions on "piercing the corporate veil"
are corporate governance matters, if a corporation chartered in
California, for example, (which has much more creditor friendly
provisions permitting this) is sued anywhere, California law applies,
but if a corporation chartered in Nevada,
which operates only in California, is sued in a California court, the
California court would use Nevada law in determining what the
requirements permitting this (Note that foreign corporations, including
those, for example, incorporated in Nevada,
may be subject to California Corporation Code 2115). On the issue of
"piercing the corporate veil," Nevada law
applies (which is much more supportive of the corporation's interest),
even if the corporation only operates in California and has never had
any other contact with Nevada and is simply
chartered there as a "flag of convenience."
Nevada (unlike other states) permits the corporation's articles of incorporation to vest authority to adopt, amend or repeal bylaws exclusively in the directors, so that shareholders would not be able to change the corporation's bylaws.
Nevada
has no corporate franchise tax, no state income tax & no tax on corporate shares. Nevada is also a state that issues barer shares or no disclosure of ownership on any Nevada corporation or Limited liability company. All and all it is a very private, tax friendly and safe place to start your corporation. And yes you can get your corporation, license and Tax I.D. all in the same day. We will help you with all you need to get incorporated today.
Anonymity. Your
business may be filed anonymous or we will provide stand in services for
the directorship and officiating capacity of your business so you may
always retain your privacy
A corporation has continual
existence.
Contrast this against a sole proprietorship or partnership ends when a
partner or owner dies. If the surviving spouse or heirs for a
business owner want to continue the business in their own names, it will
be considered a new/different business.
Ease of maintaining control of your business. By
distributing stock, the Shareholder of his business may share profits of
a business without giving up control. This is obtained by keeping a
majority of stock of the issued stock or by issuing differing classes of
stock, such as voting and non-voting stock.
There is a great deal of ease of transferability. A
corporation and all of its assets and accounts may be transferred by the
simple assignment of a stock certificate. It is not so simple with a
partnership or sole proprietorship, each to the individual assets must
be transferred and the licenses, accounts and permits must be
individually transferred as well.
Ease of maintaining control of your business. By
distributing stock, the Shareholder of his business may share profits of
a business without giving up control. This is obtained by keeping a
majority of stock of the issued stock or by issuing differing classes of
stock, such as voting and non-voting stock.
Raising Capital tax free. A
corporation may raise capital by selling stock or borrowing money.
And most importantly, a corporation does not pay taxes on money it
raises by the sale of stock. Additionally, investors are far more likely
to invest their time and money in a company they know will protect their
personal assets in case of a law suit. Furthermore selling shares of a
business at the private level is easy with the right attorney helping
you along the way.
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FREE One-Hour consultation |
Peace of Mind |
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Business Evaluation | |
Establish Business Credit | |
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Estate Planning | |
Corporate Tax Benefits | |
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LLC, LLLP, Trusts | |
Protect your Assets | |
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Protection from Lawsuits | |||
