The Digg Effect

One of the first significant decisions for a new business is deciding upon the structure of the business and the place of incorporation for the business. Business incorporation should be done after understanding all the benefits of the types of incorporations and the one suited for your business needs. Not only the location is important but other benefits like tax advantages, legal benefits and other perks. There are some specific tax havens states in US like Delaware and Nevada.

A Nevada Corporation is a corporation incorporated under the laws of the U.S. state of Nevada. Nevada’s tax laws offer a lot of flexibility for managing the affairs of a corporation to a board of directors and the state has minimum requirements for disclosing and reporting corporate information. If you wish to incorporate your business in Nevada, it has no minimum initial capital requirements.

Nevada’s tax structure also provides several benefits for incorporation in Nevada. Nevada has no franchise tax, no corporate income tax, personal income tax and no succession tax as well. Other benefits include nominal annual fees for Nevada corporations and the stockholders, directors and officers in Nevada corporations can be US citizens or foreign residents.