Should You Form An “S”
Corporation in Nevada? Or Form a “C” Corporation in
Nevada?
A Nevada corporation is an artificial person or
legal entity created by or under the authority of the laws of a
state or nation. This organization is authorized by the laws under
which it was created to engage in any legal activity similar to
behavior permitted individuals.
However, the corporation is seen as a separate personality
and existence which is distinct from that of its several members,
and which is by the same authority, vested with the capacity of
continuous succession.
A state of Nevada corporation is a dynamic entity
when organized to engage in business. Its use provides a measure
of control, flexibility and often a means by which to capitalize
the company.
Form a “C” Corporation in Nevada?
How the state of Nevada corporation is to be taxed is a principle
consideration in electing to treat the corporation as a "C"
or "S" corporation. The "C" corporation with
Nevada corporate headquarters is taxed as a corporation and treated
as an entity with limited liability for the owners, officers, and
directors.
Form
an “S” Corporation in Nevada?
"S" corporations with Nevada corporate headquarters permit
some liability of the owners, officers and directors and the profits
pass to the individual(s) owners personal 1040 tax returns where
they are taxed based upon the owner's tax bracket. "S"
corporations operate on the calendar year as compared to the "C"
corporation's fiscal year.
There are advantages and disadvantages to each "election" of either
"C" or "S." The advise of a tax profession is recommended before
deciding which kind of corporation is best suited for your intended
use.
Alderney, Anguilla, Antigua, Bahamas, Barbados, Belize, British Virgin
Islands, Cayman Islands, Cook Islands, Costa Rica, Dominica, Gilbraltar,
Grenada, Guernset, Hong Kong, Ireland, Isle of Man, Jersey Labuan,
Liberia, Malta, Marshall Islands, Mauritius, Nevis, Niue, Panama,
Samoa, Seychelles, Singapore, St. Kitts/Nevis
mail
.
BALLINPHORT CORPORATION
8550 W. Charleston Blvd.
Suite 102-105
Las Vegas, NV 89117
1. Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. Citizens;
2. Directors need not be Stockholders;
3. Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation;
4. Nevada corporations may purchase, hold, sell or transfer its own stock;
5. Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
Nevada corporations provide the highest level of privacy and asset protection available without leaving the country. We consider Nevada the only state that provides all the required elements necessary to protect your privacy and ensure adequate domestic protection of your assets.
Ballinphort offers a full range of services to support your Nevada Corporation including mail services, bank account opening, resident agent services, corporate nominees, corporate minutes and records services and our Nevada Corporate Base program. We can also coordinate your Nevada Corporation or limited liability company with your offshore international business company, trusts, and foundations.