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Follow on Google News | The Truth About Nevada CorporationsForget what you have heard about Nevada corporations. We will set the record straight with what you can and can't do with a Nevada Corporation.
By: Marshall Basker • No corporate tax • No franchise tax • No personal income tax • No stock tax • No estate tax • No inheritance tax • No gift tax • No inventory tax Just no tax! (except Federal Tax) Nevada is the only state in the Union that does not voluntarily share information with the IRS or with any other state. ACS LLC., www.acsbusinessplans.com can build you a properly constructed Nevada Corporation that can save you a fortune in taxes. Here are some more advantages to a Nevada Corporation. There is no personal liability. On March 13, 1987 the Nevada Legislature passed legislation that indemnifies directors and officers from personal liability for act committed on behalf of the corporation or by the corporation. The names of owners or stockholders of Nevada corporations are not a matter of public record. Only the officer’s names are made public. Creative planning can remove your name as an officer or director. ACS LLC can show you many uses for a Nevada Corporation! EXAMPLE: Have the Nevada Corporation put a lien on your major assets such as your home, rental property, or business property. Now, there will be no equity. If someone should come snooping around looking for a deep pocket, they won't find it. The Nevada Corporation can hold trust deeds, or UCC-1 filings. REMEMBER: A Nevada Corporation cannot really do business in your state. If you own a flower shop on the corner, you will need to have that business registered in the state of operation. If you use a Nevada Corporation, then you will also have to register the Nevada operation in your state of residence. The Nevada Corporation is best used to assets you in facilitating certain kinds of transactions or it can be used as a partner or manager in many situations. Also if you do you your Nevada Corporation as a lender, then the transaction works best if cash actually moves from the corporation to you as a loan. Contact us for further information. TAXES: Although Nevada is a tax free state, federal taxes are still owed. And to the extent that you take distributions form the Nevada Corporation, you will owe taxes in your state of residence unless you live in a state with no personal income taxes. If you are looking for the real deal in Nevada Corporations visit the official ACS LLC., website at www.acsbusinessplans.com # # # At ACS LLC. we can show you how to shelter your assets from preditory lawyers and lawsuits in a cost effective, timely manner. No one can match our pricing and no one can match the quality of our structures End
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