A Free Nevada Corporation - Myth or Reality?
Nevada Corporations - Become Tax Free!
December 31, 2004
By Tom SeFack
While there are some information sources and enterprises
out there speaking about Nevada corporations for free
- or even offering to create one - you will soon find
out that such an offer has many hidden drawbacks.
In fact, there is no such thing as a free Nevada
corporation.
It might handsomely pay off to hire some of the more
expensive Nevada incorporation specialists over those
offering the "free corporations". To utilize
all the fantastic benefits of Nevada's business friendly
environment, there is an a number of do's and don'ts
to follow, the benefits will not come on their own,
and it is never "free" to have a made-to-measure
incorporation prepared that will fit your requirements
and be bullet-proof in the legal sense.
Nevertheless, the word "free" plays an important role
in the life of Nevada's corporations, and it has something to do
with taxes. No surprise for most people, as that is often the most
important reason why they are searching for more information about
Nevada corporations in first place. Nevada is tax-free. Actually,
not completely tax free, but the most important taxes are not imposed
on businesses incorporated in Nevada - the state income taxes are
zero.
Being tax free in Nevada does not necessarily mean you are tax
free in U.S. - the federal income taxes will still apply in most
cases. Despite of that, saving on state income taxes might offer
huge tax savings in comparison with the tax level imposed in your
home state.
Apart from the "free as in the tax free", the second
meaning the word free has in connection with Nevada incorporation
is "free as in enjoying personal rights and liberty".
The level of privacy protection in Nevada is unprecedented and gives
you more free air to breathe. Make sure to use it to your best benefit.
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