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Why do businesses incorporate in Nevada?
Nevada offers no state corporate income tax, no franchise tax, strong liability protection for officers and directors, confidential ownership (no public disclosure of members), and robust charging order protection for LLCs — making it one of the most favorable states for business formation.
What is the difference between an LLC and a corporation in Nevada?
An LLC (Limited Liability Company) offers pass-through taxation, flexible management, and strong member protection. A corporation issues stock, has a formal board structure, and may be preferable for raising investment capital. A Nevada business attorney can recommend the right structure for your goals.
How do I dissolve a Nevada business?
File Articles of Dissolution with the Nevada Secretary of State. You must also pay all outstanding taxes and fees. Failure to dissolve properly can result in personal liability for ongoing fees and obligations.
What is a charging order in Nevada?
A charging order is the exclusive remedy a creditor has against an LLC member's interest in Nevada (NRS 86.401). The creditor can only receive distributions — they cannot take over management or force liquidation of the LLC. This makes Nevada LLCs especially protective.