There are many reasons why you should move your business to Nevada. We have a low cost of living here in Las Vegas. Home prices are low, and leasing space and/or purchasing commercial real estate is still rock bottom prices comparative to 10 years ago. Not to mention the moderate climate year round, its been in the 60s and 70s the last few weeks. Today we are a little cold, 54 degrees and partly cloudy. But besides all of the fluff I can sell you on Vegas, here are the money related reasons you should incorporate in Nevada that I obtained from Nevada Secretary of State. (I will post the link at the bottom)
- No corporate income tax
- No taxes on corporate sales
- No franchise tax
- No personal income tax
- Nominal annual fees
- 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, & their decision is final
- No franchise tax on income
- No inheritance or gift tax
- No unitary tax
- No estate tax
- Competitive sales and property tax rates
- Minimal employer payroll tax – 0.7% of gross wages with deductions for employer paid health insurance Nevada’s Business Court
- Developed on the Delaware model, the business court in Nevada minimizes the time, costs, and risks of commercial litigation by: 1. Early comprehensive case management, 2. Active judicial participation in settlement, 3. Priority for hearing settings to avoid business disruption, 4. Predictability of legal decisions in commercial matters
Hope you find this information useful about all the reasons you should move to Nevada. If you have any questions about relocating here or need any assistance, please do not hesitate to CONTACT ME.