Nevada Division Of Corporations - Red Rover, Red Rover Let Any
Corporation Come On Over!
November 11, 2004
By Katherine Curtis
The invitation to incorporate through
the Nevada Division of Corporation is open to any
business. Inside the state or outside the state, the
business may incorporate with the Silver State and
abide by its jurisdiction. Even businesses outside
the country can claim domicile status and benefit
from Nevada's friendly business environment.
Dodging The IRS.
The IRS does not like when businesses incorporate
within Nevada's jurisdiction for the sole purpose
of tax evasion. In fact, if the IRS discovers this
revelation during a rousing game of dodge ball, that
incorporation and its members could face time in jail.
Still, the fact remains: many corporations are highly
attracted to Nevada's liberal tax exemptions.
The role of Nevada's Division of Corporations is to outline under
which circumstances a Nevada entity legally qualifies for these
exemptions. The IRS has an alternative route to learning about foreign
entities anyway. This is accomplished when foreign entities register
with their home state, which more than likely exchanges information
with the IRS.
Duck. Duck. Goose.
Invasive creditors rarely tag Nevada's debtor-friendly laws. When
it comes to choosing the best protection for a business, the state
of Nevada leads the nation. Through the Secretary of State's Division
of Corporations, an incorporated business selects an entity title
and appropriate forms. These certificates are noted by state and
ensure the corporation protection should claims try to unnecessarily
displace the corporation's possessions and chase after its member's
private belongings.
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