Nevada LLCs Have Virtually No State Level TaxesWhen you have a Nevada LLC, there are virtually no state level taxes including:
- No corporate income tax
- No personal income tax
- No franchise tax on income
- No admissions tax
- No unitary tax
- No inheritance or gift tax
Nevada LLCs Have the Highest Privacy StandardsWhen you form a Nevada LLC, you enjoy the highest state privacy levels available. Unlike many other states, Nevada LLCs do not require a list of stockholder names to be filed with the state. That means that investors can remain anonymous.
There Are Significant Asset Protections with a Nevada LLCIn the state of Nevada, liability is limited to the company. As a manager, officer, or director, you aren’t normally held responsible for the company’s liabilities or obligations unless you are part of an outright fraud or sign documents agreeing to a personal guarantee.
Furthermore, unlike other states, a Nevada LLC does not require firms to file a list of company assets. That means that there is no record of the assets being linked to you in any way except for your filings with the Internal Revenue Service, which are protected by law. This means that if you can avoid any other records linking you to the money, it is theoretically possible you could be a school teacher halfway across the country yet have millions tucked away in private businesses, stocks, bonds, mutual funds, and other assets in an Nevada LLC.