Not intended to be legal advice, for discussion purposes only.
See a comparison with Delaware
Nevada Tax Advantages
- No business income tax.
- Personal income tax is prohibited by Nevada’s Constituation. Article 10(1)(9)
- No estate tax.
- No franchise tax.
- No gift tax.
- No inventory tax.
- No tax on corporate shares.
- Property tax increases are limited by statue NRS 361.453 and Nevada’s Constitution Article 10 (2).
- Nevada’s Constitution requires a legislative “Super-Majority” to increase any taxes or fees. Article 4 (18)(2)
Other Advantages Unique to Nevada
- The independent spirit of Nevada supports the spirit of small business.
- Nevada’s legislature only meets every two years.
- State legislators are not professional politicians, but are regular citizens.
- Nevada has the only state association of incorporation professionals that continually works to improve and strengthen Nevada’s incorporation laws. (Nevada Registered Agent Association)
- Big city amentities, small town feel.
- Series LLCs. NRS 86.1255, NRS 86.161(1)(e)
- Early adoption of the Model Registered Agent Act. NRS Chapter 77
- Charging order protection for closely held corporations. NRS 78.746
- Charging order as the sole remedy of a creditor of a shareholder, member or partner. NRS 78.746, NRS 86.401, NRS 88.535
- Business trusts. NRS Chapter 88A
