Feb 17 2010
Nevada corporations are sheltered by some of the best protective laws in the nation. Nevada is a pro-business state that has a strong belief in maintaining the “corporate veil.” This veil basically protects Nevada corporations from having to report important and sensitive pieces of information to the state or I.R.S. In fact, over the last 25 years, this veil has only been broken twice for corporate cases involving fraud. Continue reading “Nevada Corporations”
Tags: Forming A Nevada Corporation, Nevada Corporations, Nevada Tax Advantages
Feb 17 2010
S corporations are similar to limited liability companies in that they both offer their owners limited liability protection, in addition to being pass-through tax entities. This basically means that any income or loss generated by the company can be placed on the income tax return of the owners, thus avoiding double taxation. Nevertheless, beyond these similarities, the two structures are actually quite different. Continue reading “S Corporations”
Tags: Forming A Nevada Corporation, Limited Liability Companies, S Corporations
