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Why Incorporate in Nevada?

Once you've decided to incorporate, the question becomes, "Where?" For many, the best choice is Nevada. Why?

The corporate veil in Nevada has been pierced only twice in the last 36 years, and both cases involved outright fraud.

In fact, there were other Nevada cases where the corporation didn't do resolutions, minutes and meetings, had thinly capitalized the company, commingled funds... and still, Nevada protected the corporate veil! Nevada is a pro-business state, meaning they strongly protect the business owner.

Listen to the "Circle of Liablity™" and Discover the Real Benefit of Incorporating in Nevada!

"But My Business Is Halfway Across The Country..."

You may wonder how incorporating in Nevada applies to your business when your business operations are NOT in Nevada. The answer is that they don't have to be.

Here's how it works: First, incorporate your business in Nevada (in whatever form of corporation or LLC you decide is best for you.) This makes Nevada your domicile. Then register your new corporation (this is called "foreign registration") in your state of business.

If your company is sued, it will most likely be in your home state. If the plaintiff (the person suing you) wants to go beyond the corporation (or LLC) and after you personally, the case will most likely go back to the state of domicile, which in this case is Nevada - where you get the most protection.

However, if you incorporate in a weaker state (without Nevada's protection) and your veil is pierced... That's right. You're right back where you did not want to be. You will be held personally liable. You might lose the lawsuit - and lose your personal assets.

The Best Investment
You Can Make

Next question: How much does it cost to incorporate in Nevada first, versus incorporating in your home state only? Without being dismissive, the answer is that you can't afford not to.

You've put in a lot of hours, blood, sweat and tears to develop your business into your major asset and a significant part of your net worth. If you're like most successful people, you probably work 10, 12, 14 hours per day.

Your goal is to protect all your hard work, and the valuable asset you're developing.

Want numbers? (As of this writing,) it will cost you less than you think to incorporate in Nevada. Then, only a small fee for foreign registration (plus whatever your home state charges for registration) and only $525 annually for Nevada renewal. Does that sound like too much money to protect not only the most important asset you (and your family) have, but also the well-being of all the employees, contractors, and clients depending on you?

I would think that if it does, not only are you shortsightedly exposing yourself, but you do not fully revere the contribution you make to the lives of those around you.

As my friend Jack Miller, well-known real estate guru and entrepreneur, says, "If that sounds like too much to you... come on! Are you really in business? An $800 franchise tax - that's the cost of a few cases of paper, some toner, and maybe some software. Don't let $800 stand in the way of protecting yourself."

Nevada Corporate Planners has set up over 6,000 business entities in Nevada , providing them with a barrier that protects them from devastating legal repercussions. And just in case you think this risk seems overblown, consider this:

In 1990 there were 655,191 lawyers in this country.

Today, just fourteen years later, there are 1,084,504* active lawyers nationwide. (And let me tell you, they don't call them "active" for nothing.)

Not sure if Nevada is right for you? Call NCP today and let us help you make the best decision for your situation. Keep in mind, NCP does incorporate in all 50 states.

*American Bar Association estimate


Questions about Forming an LLC or Corporation?
Call NCP at 1-800-351-5111

Avoid Costly Incorporating Mistakes!

FAQs Section

Advanced Research:

Why Nevada?

Why Nevada?- Discover the invaluable benefits you get when you incorporate in Nevada.

16 Reasons to Incorporate in Nevada?- This is the major reason why you need to incorporate in Nevada.

Piercing the Corporate Veil - The #1 reason for you to incorporate in Nevada.

Does Nevada Share Information with the IRS? -This sought-after secret is finally revealed!

Nevada VS. Delaware -Learn the accuracy of the claims made in "Nevada vs. Delaware" reported on many web sites in our industry.

Strategies that Don't Work in
- Discover what our competitors DO NOT want you to KNOW!

The Advantage of Incorporating in Nevada - Discover advantages of incorporating in Nevada when your entity registers as a foreign corporation in California.

California had the Highest Percentage of Cases in which Courts had Pierced the Corporate Veil! - Discover why it is especially important for anyone operating in California to have the strong corporate veil Nevada offers!

California's Approach to Piercing the Corporate Veil to Foreign Corporations - Learn how California aggressively attacks corporate privacy.

California's Approach to Choice of Law in the Absence of an Effective Choice by the Parties - Learn what jurisdiction is all about.

The Approach of New York, Wisconsin, and Texas in Applying Their Law to Foreign Corporations (as Compared to California) Three states with a different approach.

Do you Need an Office and Bank Account in Nevada?
- Unless your employees and business are located in Nevada, most likely, the answer is NO!

Snake Oil Strategies Proposed by Others That just Simply Don't Work - The most important article on this site!

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