NEVADA CORPORATION total only $889.00

Once your company is set up, you will need:

1. Tax ID (EIN) – free over the Internet or phone.
2. Initial List – The Initial List is required to open a bank account. As of November 1st, 2017, the Nevada Secretary of State requires that when you order your Articles of Incorporation/Corporation, you will need to file your Initial List also.
3. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

Annual requirements for Nevada corporations:

1. Annual list of officers and directors (or managers) We will remind you when the list is due and can file it for you.
2. State Business license and it is renewed together with Annual list.
3. Nevada Commerce Tax – Due in August. See more info here.
4. Registered Agent annual fee is $89, but if you pre-pay, we give you additional years for only $40.
5. Annual minutes for Meetings of Directors and Shareholders. Free forms included on your account or full service provided.

Time to set up a company

The time taken to process your corporation formation documents with routine processing takes 4 – 6 weeks. You can also opt for Expedited Processing by paying an extra fee. Expedited Processing costs in Nevada for articles of organization and registration is $125.

If you file the Nevada corporation form online with incparadise.net, then the process will not take no more than 7 to 10 business days.

Advantages

Incorporation of businesses in Nevada is on the basis of the Nevada Corporate privacy statutes, started in 1991 based on corporate statutes Delaware. This ensured a dramatic increase in new incorporations in Nevada. Some of the advantages of forming a corporation in the state of Nevada include:

• Nevada does not tax the income of individuals and corporations
• Nevada corporations are not subjected to hidden taxes like capital stock taxes, franchise taxes, or even inventory taxes.
• In Nevada, sales tax is applicable only on products that are sold within the state.
• Nevada has established a corporate structure that ensures owners and investors in Nevada corporations enjoy increased privacy.
• Nevada is the only state in the USA that does not have a formal information-sharing agreement with the IRS
• Nevada is also the only state which allows the issuing of bearer shares
• In Nevada, incorporation can take place without the need for any minimum initial capital
• Corporate directors and officers of a Nevada corporation are protected from any type personal liability for lawful acts on behalf of corporation