Nevada Corporation

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Incorporating in Nevada

First, what are the various forms of business ownership, and the advantages and disadvantages of each?

Sole Proprietor - A single business owner who is responsible for everything. Unlimited personal liability for the operations of the business. Hard to attract investments, since the owner has unlimited liability.

Partnership - Two or more owners who share in the operations of the business. Each still has unlimited personal liability for the operations of the business. Hard to attract investments, since the owners have unlimited liability.

Corporation provides a separate legal entity (the corporation) that shields the owners from some personal liability. It is easier to sell a corporation, and to attract investors, since the money the investors put into the company is at less risk than in a Sole Proprietor or Partnership.

Advantages of Incorporating

	Protect your personal assets - Incorporation helps protect the owners' personal assets from the debts and liabilities of the business.
	Establish Credibility - Having an incorporated business may give your business more credibility with potential customers, vendors, partners and employees.
	Receive Tax Advantages - Certain payments, such as insurance and other benefits, can be tax-deductible