Why Incorporate in Nevada?

Why Incorporate in Nevada?

Incorporating is one of the best decisions you can make to protect your personal assets as a business owner. Incorporating separates your business assets from your personal assets to prevent your savings, home, retirement and other personal assets from being targeted by any lawsuit against your business. In addition, incorporating may create additional tax deductions that could put money back to the bottom line of your business.

Reasons to Incorporate Your Business:

  • Liability Protection
  • Asset Protection
  • Tax Savings
  • Separate Business and Personal Assets
  • Builds Credibility
  • Reduced Chance of a Tax Audit
  • Brand Protection

Perhaps the most sought-after benefit of forming an entity is the ability to separate personal assets from business assets, legally, by establishing a corporate veil. The corporate veil prevents lawsuits and other adverse actions against a business from targeting the personal assets of the business owner.

The reality is that by establishing an LLC, Kohler Financial can help you can protect your personal assets from any liability you incur in your business, minimize your taxes, and take advantage of other benefits afforded by a legal entity.

Do you need to incorporate?

  • Are you starting your own company?
  • Do you have investment real estate?
  • Does your estate plan need sophisticated structuring?

If you answered “yes” to any of these questions, it’s time to call the experts at Kohler Financial. We can provide the solutions you need to keep yourself protected at all times.

Why Nevada?

Selecting the Best State Law

Many people are unaware that each of the fifty states writes its own unique statutes regarding entity structuring, operational requirements, legal protection and personal privacy protection. Whether you’re a new or seasoned business owner, it’s important to select the best state to incorporate your business, so that you can get the maximum amount of asset protection. No state in the union has more business-friendly incorporation statutes than the state of Nevada.

Why is Nevada Unique?

  • Nevada has some of the strongest asset protection laws in the country that protect business owners and their personal assets.
  • When you have Kohler Financial form a Nevada entity for you, you’ll enjoy numerous tax advantages such as: NO franchise taxes, NO tax on corporate shares and NO personal income tax.
  • There is no minimum capital requirement to incorporate in Nevada.
  • Nevada requires only minimal disclosure of personal information at the time of start-up and at the time of annual filings.
  • Directors and officers need not live in Nevada, hold meetings in Nevada or be a Nevada resident. You can be anywhere and still have Kohler Financial form a Nevada LLC or Corporation.

Why Incorporate in Nevada?

Nevada is known as an extremely pro-business state.

Asset Protection

If you’re in business and have assets over $50,000, you need to make sure you adequately protect yourself by incorporating in Nevada because:

  • One in every four small businesses has been sued or threatened with a lawsuit in the past five years.
  • There is one lawsuit filed every 2.08 seconds – the equivalent of the blink of an eye.
  • One lawsuit can damage or destroy your livelihood, forcing you to close your doors.

One of the main reasons for incorporating in Nevada is to limit the exposure of your assets to business losses. Incorporating separates corporate activities from personal assets. The bullet-proof protection existing in Nevada corporations, however, takes it to a new level, making it virtually impossible for creditors and litigants to get your hard-earned assets.

More and more business-savvy people are discovering the tremendous advantages that Nevada offers. Unlike most other states, there has never been a case in which the corporate veil was pierced in Nevada, except in the instance of fraudulent activity. This means your personal assets receive maximum protection when separated from business activities by a Nevada LLC or corporation.

No Minimum Capital Requirements

A Nevada corporation can be organized with very little capital, if desired. Many states require that a corporation have at least $1,000 in capital.

One Person Requirement

One person can hold the offices of President, Secretary, Treasurer, and be the sole Director. Many states require at least 3 officers and/or directors. Thus, there is no need to bring other persons into a Nevada corporation if the owner does not desire it.

Kohler Financial can do it all for you!

The great thing about hiring an accountant to incorporate for you is that all you have to do is sign papers. We handle the rest. Kohler Financial is the leader in Incorporating in Nevada and we can make this arduous task simple.

1 thought on “Why Incorporate in Nevada?”

  1. Pingback: Setting Up a US Business as a Non-Resident - Kohler Financial, Inc. - Las Vegas Henderson Nevada NV QuickBooks Accounting Income Tax Bookkeeping

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