Forming a limited liability company may not necessarily be as easy as you think. But, that can be discussed later. There are a couple of states that will be worth your time investing in. These are the kind of states that will offer a suitable surrounding that will cultivate growth in your new company. Such is the case when it comes to Nevada. Having a limited liability company in Nevada is a great thing. You will learn that there is more than just one advantage of having your company located in this state. A couple of these advantages are brought forward here.
While in this state of Nevada, you are not exposed to paying any state level taxes. This is more than a pleasat thing. You will no longer be required to submit your corporate income tax. The tax structure in this state will surely be a thing to be a thing to be proud of by people who have companies right here. There is absolutely no need for you to worry about franchise tax nor personal income tax. What will stick to your mind is the annual fee of your business license. This fee is extremely low and manageable for any corporation. With this service offered, you will learn that the environment will be quite conducive for the growth of your business. There is more freedom for the directors in Nevada too. For as long as they act in the good of the company, there is no way they will bear any liability for the company.
Let us now talk of the privacy standards in these companies. With your company in this state you are guaranteed of first class privacy. With this state, no one will ask you to submit the name of the owners for filing. It is absolutely not necessary. Anonymity is allowed among investors. This is often done with the help of a third party or most preferably, an attorney. In fact you will be free to name a revocable trust fund as the owner of some units of the company.
It will not be any hard for you to be guaranteed of prioritization of asset protection. As a manager or officer of this company, you will bear no liability on behalf of the company. This remains this way for as long as you have not been found in any fraudulent activity. Furthermore, you will not be required to file any list of assets as a company. This will certainly not expose you to any public scrutiny. These are the reasons that will draw you to invest in this state. You are guaranteed of a successful venture for as long as you trade in the right way. It is a choice that then you will need to make.