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23 Feb 2008 03:21:11 | Jim Hood
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Incorporating in Nevada has many outstanding benefits for savvy
entrepreneurs who incorporate their businesses in the silver
state. However, you must take care in setting up the corporation
correctly if you are to take advantage of the tax advantages and
liability protection benefits Nevada has to offer. If you are
new to Nevada corporations, you will want to use a qualified
nevada incorporation service to set things up right from the
start. People who try incorporating in Nevada themselves can
easily set themselves up to be in hot water with the IRS if they
are selected for an audit. The IRS pays special attention to
Nevada corporations when selecting candidates for an audit, so
it is imperative that a Nevada corporation be set up with
care.
Common Nevada Incorporation Mistakes
Business owners new to incorporation in Nevada most frequently
make the following mistakes when forming a Nevada corporation
themselves: Failing to have employees in the
corporation Not having adequate proof of Nevada-based
operations Allowing independent contractors corporate
benefits intended only for employees Not issuing
stock
Nevada Incorporation Services Checklist
If you decide to go with an incorporation service, make sure you
go with a firm that has experience with Nevada incorporation.
Compare what they offer to the list below. A quality
incorporation firm should offer the following services as part
of its package: Creation of the Articles of
Incorporation Filing of the Articles with the Nevada
Secretary of State Filing of Initial Officers,
Directors, Agents or Members Arrangement for official
place of business Arrangement for local telephone
service Arrange for contracted employees of the
corporation to answer telephone calls during business hours
Assistance in opening a Nevada bank account
Resident Agent services Mail forwarding
Obtaining a business license (usually this will be in the
state capitol, Carson City) Federal Tax Identification
Number (EIN) Creation of a Corporate Charter
Offers stand-in nominee officers so that the names of the
officers are not listed in public records. This strategy offers
an additional layer of privacy from prying eyes. You can vote
these officers out of office at any time, and they will not have
any signature authority with the corporation.
Conclusion
Incorporating in Nevada can be one of the most critical steps
you can take in your new business venture. Combined with careful
investigation and use of professional Nevada incorporation
services, you can have peace of mind knowing your Nevada
corporation is providing you with the best in domestic asset and
revenue protection.
About Author :
Jim Hood is a senior contributing editor at
theincorporationstation.com, which provides tips and strategies
on forming a
corporation for maximum advantage. If you're new to
incorporating in Nevada, you can read more about Nevada corporation advantages on
his Web site.
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