Tax Saving Strategies
As previously mentioned one of the most popular reasons for incorporating in Nevada is that there is no state corporate taxes. We live in a country that has a free enterprise system with many legal avenues within our grasp. Using a corporation in another state that is a tax-free jurisdiction is simply one of those avenues.
By properly establishing one or more Nevada Corporations, you too can put more of your hard earned money back in your pocket. Your tax savings can then be put to work for you and your family with setting up a retirement fund, used for other investments, issuing loans, travel and a whole lot more.
PRIMARY BUSINESS
As a primary business you may use your Nevada Corporation to do business nationally or internationally and eliminate state tax. It is important to consider fully establishing your entity in Nevada in the event of any challenges as to where it’s actually domiciled. Especially in the event of any legal issues as you want to maintain the protection for the Officers and Directors that your Nevada Corporation offers. You may even set up a “satellite office” in Nevada so that you’ll be able to prove beyond any doubt that your business is located here.
Another method is to have your Nevada Corporation purchase items, which it can then mark up and sell to your home state corporation for a generous profit. As you can imagine, by implementing these types of strategies a significant amount of income can be removed from the tax burdened jurisdiction and you are creating a legitimate business deduction for your home state business.
