Setting up a Nevada Corporation - Do It Now, You Will Never Regret!

Setup Your Own Nevada Corporation - Everything You Need To Make It Happen

January 9, 2005
By Tom SeFack

There is a number of considerations connected with setting up a Nevada corporation. Think twice about every aspect, not only from the business point of view, but first of all the whole range of legal facets, as most of them are of an enormous importance to the level of asset protection and privacy of your person.

Shall you file for a C corporation or S corporation? Alternatively, wouldn't it be better to purchase an already established company, so called shell corporation? And what about corporation sole?

What is your main reason coming to Nevada, is it asset protection? Taxes? Privacy? Bearer shares? The legal environment? Are you a foreign alien or not? And that is just for starters. Your incorporator and resident agent will probably have more questions to ask.

After you have talked to your incorporator, maybe even to your lawyer and CPA, it is time for the easier part. Check whether the desired name for your corporation is still available. Pay all the fees (the budget for fees related to setting up your corporation shall be somewhere between 200-1000 $ in most cases, depending on the level of service you require and the complexity of your particular case).

The Secretary of State will process your application in 1 day to 3 weeks after your agent will submit it. You can use that time to handle all the remaining aspects of benefiting most from your incorporation. Go back to your qualified tax professional advisor or accountant to check on a list of requirements (like residency) to satisfy for your incomes to be fully taxed in Nevada, not in your home state (that will differ state by state).

Did you know that large number of people who setup a Nevada corporation on their own without any professional help, faced serious problems in the future life of their companies when their nonprofessional conceptions were confronted with real life legal situations? Often it is just few words in your corporation's articles or just an half an hour consultation that can save you from future disasters. Only a professional can make sure your corporation's status is bulletproof from the day one.