IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Seth49 who wrote (272)	4/21/1998 11:26:00 PM
From: Don Roberts	Read Replies (3) of 1383

I am currently looking to set up a Nevada Corporation, and would appreciate any leads or help from anyone. I have found a very informative web site at: state.nv.us Also, some reasons to incorporate in Nevada: No corporate income tax No taxes on corporate shares No franchise tax No personal income tax No I.R.S information-sharing agreement Nominal annual fees Minimal reporting and disclosure requirements Stockholders are not public record Additional Advantages: Stockholders, directors, and officers need not live or hold meetings in Nevada, or even be U.S. citizens. Directors need not be stockholders Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation. Nevada corporations may purchase, hold, sell or transfer shares of its own stock. Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final. I am looking to set up an investment club in the form of a LLP, and would appreciate any advice from anyone who has done it. Thanks, Don Roberts

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