• Nevada has no corporate income tax.
• No taxes on corporate shares.
• No franchise tax.
• No personal income tax.
• No IRS information sharing agreement.
• Nominal annual fees.
• Minimal reporting and disclosure requirements.
• Asset protection.
• Privacy: Stockholders are not of public record. Stockholders, directors, officers, members and managers need not reside in Nevada. Directors or managers do not have to be stockholders or members.
• Officers, directors, managers are protected from personal liability for lawful acts of the business.
• In Nevada only one person is required to file a corporation or LLC.
• Incorporators do not have to be residents of the state of Nevada.
• Low filing fees.

NEVADA VS. OFFSHORE

Nevada offers a high degree of privacy, but also offers ready access to funds and other assets, whereas offshore assets are not readily accessible in emergencies. Also, beware that offshore accounts are a red flag with the IRS, and the failure to properly report them in tax filings may constitute a serious criminal violation. On the other hand if they are properly reported, they may trigger audits.