Incorporating Yourself in Nevada

2007-03-08 10:33:40

( Business )



Why Nevada?

The state of Nevada is one of the most popular places in incorporating yourself. Whether you are a Nevada resident or not, incorporation in Nevada can give you certain advantages. You don't need to pay the corporate income tax, personal income tax, corporate shares tax or franchise tax unlike in some other states. The annual fees are nominal, and you don't have to publicly disclose the names of your stockholders or directors. Your stockholders and officers are not liable for any lawful acts which your corporation undertakes. Most importantly, the state of Nevada does not have any information sharing agreement with the IRS. Nevada incorporation laws are generally the most lenient and business-friendly too.

Steps in Incorporating Yourself

The first thing you need to do is to decide on a business name. You should do some research to make sure that your business name is not already in use by some other company. You can get some assistance from online legal sites, or inquire with the Secretary of State of Nevada if you are incorporating yourself there.

If your company will be using a specific brand, you may also want to obtain trademark protection for the brand by registering it with the patent office. Registering your trademark will ensure that no one else in the country will be able to use your brand name.

You also need to submit the names of your company's stockholders, officers and directors. However, there is no limit as to the number of stockholders, officers or directors your company can have. One person can even hold two or more officer positions. Directors of your company don't have to be its stockholders, and don't need to be US citizens.

You also need to prepare your Articles of Incorporation and By-Laws to submit to the Secretary of State along with the filing fee and other requirements. It usually takes a few business days for the Secretary of State to respond, if you are doing the process yourself.

Your other option is to incorporate your business through an online incorporating services site. For a small amount which usually includes both the required fees as well as the site's incorporating service fees, you can accomplish the job in as short as 24 hours.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.