The term Corporation or Incorporation refers to the establishment of a business entity. The form may vary, but these enterprises have many features in common, and a few features that distinguish them for use in special situations. In reference to entity development, we are experienced in the establishment and management of Limited Liability Companies (LLCs), Partnerships, S Corporations, and C Corporations.
This involves assessing the assets and liabilities of the business and the individuals involved in that business. It is rare that a business is established without any past history, or that the individuals involved don’t have issues in their lives which could affect the business or make the business impact them.
The way a business is established can have a significant tax impact on the company and people involved in it. We have established a great relationship Capital Tax Solutions. You may develop business strategies and maximize tax savings through consultation with Capital Tax Solutions. We have worked with this company and recommend them highly.
Ultimately, a business will be dissolved, sold, or passed on to future generations. Several issues regarding estate planning can be impacted by the kind of business entity established.
Forming a Corporation
There are many forms of business and many strategies available within each form of business. The type of business entity that is best for you depends upon your needs and goals and can be determined from an assessment of the following information. Here at State Agent and Transfer Syndicate, Inc., we specialize in making sure that your corporation is real, your paperwork is in order, and that your plans and needs can be realized. There are some things you need to consider before making your decision. In Nevada a single individual can hold ALL of the Corporate Positions in Nevada. Although many other states require at least three different officers or directors, Nevada will allow one person to hold the offices of the four major positions: President, Secretary, Treasurer, and Director. The only requirement in Nevada to Form a Corporation is a Legal Purpose.
- Nevada has low filing fees: $125 for listing and $200 for business license fees.
- Stockholders, directors and officers are not required to be residents of Nevada.
- Stockholders, directors, and officers are not required to be U.S. citizens.
- Nevada corporations may purchase, hold, sell or transfer shares of their own stock.
- In Nevada, one person can hold all positions in a corporation.
Domestic Corporation Filing (NRS Chapter 78)