Nevada Corporation Cheap – Buying A Shelf Company

September 18, 2004
By Richard Smith

The secret is most certainly out – incorporating in the State of Nevada is the thing to do these days. But, what happens if you do not have a lot of start up cash and need a Nevada corporation cheap?

Surprisingly the answer to your problems is fairly simple: all you need really do is purchase a Nevada incorporated shelf company. Indeed, today it is even possible to buy cheap Nevada corporations via the Internet – at such sites as ebay.

However, in reality, incorporating an entity in Nevada need not be that expense. Even if you do not purchase a shelf company, all you need to do is retain the services of an advisor to talk you through how to complete the Articles of Incorporation submission form and a couple of days later you’ll have your Certificate of Incorporation. It really is that simple, and whilst a number of service companies are willing to provide this service for free, you should try to avoid them as they’re providing you with this service for free in the hope that you’ll then agree to hand-over the annual submission of annual accounts and registered agent services to them as well – both of which are considerably more expensive. For example, reputable corporate advisors in Nevada charge between $200 - $300 for processing the application for a company name and Articles of Incorporation application form for you. On the other hand, whilst most registered agents only charge $40 - $100 annually for acting as your agent, those companies that advertise free incorporation rates also tend to offer their annual service at $500 plus; which, when you consider how little reporting requirements there are in Nevada seems to make little or no sense.

In any event, if you are a relatively small start-up operation, with a small start-up budget, incorporating yourself in Nevada should not cost you more than $500. Take into account the zero-rate tax, favorable asset shelter, unlikeness of the corporate veil being pierced, and extra privacy requirements all mean that you should be able to recoup this cheap start up cost within the first year of your operations.