Posted by JHyre in Ohio on October 15, 2001 at 10:55:12:
Generally, NV corps are not worthwhile for out of state businesses…the corp would have to register in the states where you do business and make disclosures and pay taxes there. NV corporations can be useful where ownership of intangible assets (e.g.- notes) is concerned, though that depends upon the nature of the intangibles and the exact states in question.
John Hyre
Better To Form Corporation in Nevada?? - Posted by Jill
Posted by Jill on October 14, 2001 at 21:32:57:
Hello! I’ve been told to form a Nevada corporation (even though I’m planning on investing in WV, MD, and VA) for the following reason: (1) Nevada does not levy any corporate or individual taxes. (2) Nevada does not require the shareholders to be disclosed. (3) Nevada allows the articles of incorporation to eliminate any liability of the directors. (4) Nevada is the only state which does not have an information sharing treaty with the Iinternal Revenue Service. Now for my questions (1)Is the above information true? (2) If the above is true, would it be much trouble to be corporated in Nevada and do a foreign corp. in WV, and MD and VA. Thanks