Weighing all the Options Opening in Las Vegas
Las Vegas is certainly a microcosm of the United States. There are so many advantages to Sin City and things to consider. If you or someone you know wants to incorporate a business, you may wish to consider LV. Below we review a number of factors that play a role in your decision making process.
The State of Nevada is known as a corporate haven across the nation. Businesses incorporate under Article 78 of the Nevada Revised Statutes. Las Vegas has a rich access to infrastructure. Being just three hours from Los Angeles, it can act both as its own entity and an extension of California. Nevada law is particularly protective of corporate officials.
In particular, if a company operates in California but is chartered in Nevada, the latters’ law applies. Furthermore, Nevada’s laws also prevents many companies from hostile takeovers. Nevada is a state with no franchise, corporate, or personal income tax. The state does charge a $200 business license fee for corporations but this is much lower than applicable CA taxes. This also allows disputes over corporate issues to be settled within Nevada District Courts and appealed to the Supreme Court of Nevada. This enabled protections beyond those of other states.
Very Friendly for New and Existing Businesses
All of these factors and more allows Nevada to be, in some ways, even more business friendly than Delaware.
Inc Magazine has several key reasons to move your business to Las Vegas, as well. These include the area’s low cost of living, tax advantages, joining a growing city, and taking part while property in the area is less expensive. All of these add up to a very compelling number of reasons.
This list is by no means comprehensive. However, we hope that the info included and our experience will allow you to make a better decision.