Legal Question in Tax Law in Nevada

difference in forming a corporation in Nevada vs. California

I am looking to form a corporation but I have heard that it is better to form a Nevada Corporation ver a California Corporation. My business is in California. What is the advantages of have a Nevada Corp ver a California Corp?


Asked on 11/09/04, 6:58 pm

1 Answer from Attorneys
Scott Linden Scott H. Linden, Esq.

Re: difference in forming a corporation in Nevada vs. California

Not enough to make it worth while, in our experience. There are some tax advantages, but the difficulties in maintaining the corp usually outweigh these.

There are also some annual minute filing differences.

Perhaps an LLC would be a better option for you.

Take a moment and review some general business requirements and recommendations on my website at www.CorporateProtectionServices.com.

I set up many companies and LLC's on nearly a daily basis.

Scott

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Answered on 11/09/04, 8:11 pm


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