Posted by David Oliver on 6/28/2011 to Tips for Entrepreneurs
IncSmart Nevada (Small Business and Startups) - When you create a Nevada Corporation, you start a way to save taxes in your home state. Your new company in Nevada is now able to bill your home state company. The process is incredibly easy. Create a budget for your home state company. All money that is not needed to run the company, and to pay you a livable wage is moved to Nevada
- Your Nevada company can loan your home state company money. Create a loan schedule and make payments directly to your Nevada corporation.
- Your Nevada company can purchase capital goods like cars, recreation vehicles, construction equipment, store inventory, etc. Then you can personally lease back any
of these items from the corporation allowing you to make lease payments directly to
your Nevada Corporation.
- Your Nevada company can be a consultant for your home state company. Consulting fees can pay for financial or marketing advice. Invoices are generated for the services
and you make payments directly to the Nevada Corporation.
- Use your Nevada Corporation to open an online or traditional stock brokerage account. In addition to providing asset protection, you can save on taxes because
Nevada has no state corporate income tax.
These are just a few strategies you can use to help move money to states with no state taxes. States with no state taxes are Alaska, Wyoming, Florida, Texas, Nevada, South Dakota, Washington, New Hampshire, Tennessee.
By Sandy Roberts
Starting a Business in Nevada - Nevada Corporation - Nevada LLC
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Nevada Corporations and Nevada Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention. We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place. #incsmart
How to form Nevada Corporation - Link
How to form Nevada LLC - Link
How to appoint Nevada Registered Agent - Link
How to pay Nevada Annual Report - Link
How to amend articles for INCs and LLCs - Link
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