C If a Nevada Corporation owns the house, everything is deductible: real estate taxes, of course, interest on your mortgage payments, property management fees, all of the maintenance and upkeep such as landscaping, pool service, home repairs & home improvements such as painting—and even the garbage service is deductible.

C Retirement planning will allow you to put aside cash that won't be taxed until retirement at a much lower tax bracket. For example, after paying the first $25,000.00 of FICA taxes on your Social Security, you may direct the rest of your FICA taxes toward the retirement deferred plan of your choice.

C Health Insurance costs paid by a Nevada Corporation can include unlimited expenses, such as surgical, physician & and dental insurance. Moreover, all of your non paid insurance medical expenses for your family are 100% deductible when your family members are corporate officers.

C Also, FICA taxes can be cut in half by slicing your salary in half, that is, when you pay out the rest of your would be salary in dividends.

C Nevada is knocked by some, claiming that all the "Nevada hype" is about Bearer Shares, truly a scam. Not true! Of course, the use of Bearer Shares has its legitimate use, but one of the biggest advantages of Nevada, which isn't mentioned in their claims, is the use of a Nominee Officer. In this vein, Nevada is one of the few states that allow the use of a Nominee Officer! For the record, a Nominee Officer is a very effective way to avoid lawsuits from materializing.

C  A Nevada Corporation is privileged by law to have many tax deductions which are not attainable for individuals. Moreover, Nevada Corporations and Nevada LLC's have a lower tax rate than most at every stage of their income.

C  Nevada is the only state that allows the use of Bearer Shares for privacy of ownership. Fittingly, Nevada does not compel corporations to list the position of their Vice-President. In fact, Vice-Presidents may use Bearer Shares and have ownership while remaining entirely unidentified.

C  Nevada Revised Statutes do not require any stock-holder to register with the state. Moreover, Nevada has always held to the policy of no reciprocation of favors with the Internal Revenue Service. Unlike other states, Nevada continues to decline discussion of private information. Indeed, Nevada leads the way in protecting your assets.

What are the differences between C Corps and S Corps?

C  Nevada Corporations and LLC’s are formed under the jurisdiction of Nevada Statutes in Nevada, and may have issued or un-issued stock (unwise). Issued stock always translates into ownership-proof for shareholders, and should always be backed by some form of value (CPA’s are normally required to set up stock funded accounts.).

C Typically, Nevada Corporations are managed by a board of directors (In Nevada, one person may be all officers of a corporation), which is another way of saying, a board of officers. Officer designations are normally titled Secretary, Treasurer, Vice President and President. To name more officers is to designate them as Directors. Of course, a single Director can control and own a corporation without being a designated named officer. Thus, ownership-position and bottom line authority in a corporation are determined by one's ownership of stock, not one’s title.

C  Nevada LLC’s, or better known as Nevada Limited Liability Companies, either have members and/or managers, or both, as opposed to directors and officers of that of a corporation. A Nevada LLC may be managed by one or more managers, or by one or more members, or both in Nevada. Ownership of Nevada LLC’s typically are so because of issued Membership Certificates (a form of non public stock), which are to be logged, issued, funded and recorded in something called an Operations Agreement. Operation Agreements set the guidelines of how to operate a Limited Liability Companies amongst its manager(s) and/or member(s).

C  Forming a Nevada Corporation or LLC is the first step for informed people and business proprietors to protect their assets; that is, if they choose Nevada. The benefits of forming a corporate entity are varied and many. Oftentimes the benefits of any corporate entity far outweigh the benefits of a sole proprietorship.

C  Now Nevada Corporations and LLC's provide unique liability protection, whereas failing to incorporate provides no liability protection whatsoever. As already mentioned, Nevada provides the strongest corporate veil of all the states, and has never been pierced. In the liability protection afforded Nevada Corporations and LLC's, creditors can't pursue an officer or member/manager's personal assets for business indebtedness.

C  Consider, then, that corporate entities have tax favorable savings compared to that of being a proprietorship: self-employment taxes; life insurance; owner-officer health insurance premiums; corporate improvements on personal property for reason of corporate image, and many more. The Nevada Corporation Handbook, sold at Amazon.com, is a great reference to the do's and don'ts of corporate entities, and a guide to proper deductions.

C  Unlike the profit of C Corporations, the profit-income of S Corporations and LLC’s are passed-through to the individual and reported on the individual's personal income tax return, instead of being taxed first before the profits are divided. For the record, there are fewer restrictions on LLC ownership compared to that of S Corporations (One hundred shareholders is the maximum for S Corporations.). Be sure to check with your CPA for proper guidance.

1.) No Shares Tax On Nevada Corporations
2.) No Franchise Tax On Income of Nevada Corporations
3.) No Succession Tax On Nevada Corporations
4.) No Personal Income Tax On Nevada Corporations
5.) No Corporate Income Tax On Nevada Corporations
6.) No Estate Tax On

7.) No Unitary Tax

8.) No Minimal Reporting And Disclosure On Nevada Corporations
9.) No IRS "Info" Sharing On Nevada Corporations (Nevada Is Private!)
10.) Corporate Stockholders Are Private In Nevada Corporations

11.) Nevada is the only state that offers the use of Bearer Shares

12.) Nevada offers the use of a Nominee Officer

Presented below are direct links to the Nevada Secretary of State web site describing the complete Nevada advantage.