Why are so many businesses being incorporated in Nevada?

Nevada law-makers are actively working to make Nevada the most attractive place in the U.S. for incorporation of businesses.  Nevada provides entrepreneurs with attractive features that are not available in other states.  These include:

-         no corporate income tax

-         no taxes on stock

-         no franchise tax

-         no state personal income tax

-         minimal corporate annual fees

-         no inheritance or gift tax

-         Nevada’s business court, which is modeled on the Delaware Chancery Court.  This allows for:

  • Prompt resolution of business disputes
  • Priority for hearings of business disputes
  • Sophisticated business judges

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Today’s Question — Saturday, February 4

Must my corporation’s name end in “Inc.”?

No, you can typically choose from “Inc.”, “Incorporated”, “Corp.”, “Corporation”, “Limited” and similar names and abbreviations to indicate to the public that the entity is a corporation. The law varies from state to state and should be considered when forming your corporation. However, corporations do typically need to use one of these words or abbreviations.

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