Business owners might be inspired to undergo business formation in light of the recent Small Business and Infrastructure Jobs Tax Act that promises to bring new tax benefits to startups. With this in mind, the Small Business Survival Guide suggests entrepreneurs get familiar with Nevada.
According to a recent report from the online forum, Nevada is one of the best states for business incorporation. To start, Nevada has no state corporate tax.
Nevada courts are also notorious for protecting the corporate veil. According to the source, corporation owners have been protected against lawsuits for the past 24 years with the exception of two outright fraud cases.
Additionally, Nevada protects a company’s board of directors and officers. Corporations can place their own provisions in their Articles of Incorporation that can eliminate the personal liability of officers and stockholders. The provision is automatic unless specified by businesses.
Moreover, Nevada has low corporation fees – currently charging just $125 in filing fees.
Whether entrepreneurs are in Nevada or anywhere else in the nation, they may benefit from inexpensive incorporation services offered by online professionals.