I came across these promotional reasons companies should consider Nevada as the state to incorporate in. Reads like a top ten list when it comes to responsible corporate governance and full public disclosure requirements - NOT. Shareholders be damned:
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.
How SWEET it is!
sos.state.nv.us |
