1) The Corporate Veil
Nevada protects the corporate veil like no other state. As a comparison, over the last twenty four years, the corporate veil has been pierced in Nevada only twice, while in California, it has happened to fully half of all corporations.
How does Nevada protect you? Unlike a sole proprietorship, in which you are personally responsible for all debts and obligations incurred by your business, a corporation in Nevada is a nearly impenetrable entity as far as creditors are concerned. More so than any other state, Delaware arguably being the second best, Nevada will not only protect you but also the board of directors.
2) No State or Corporate Franchise Taxes.
As long as your company has at least one employee in the state of Nevada, there are no State or Corporate Franchise taxes.
3) A Single Individual Can Hold ALL of the Corporate Positions in Nevada
Although many other states require at least three different officers or directors, Nevada will allow one person to hold the offices of the three major positions: President, Secretary, and Treasurer.
4) The Only Requirement in Nevada to Form a Corporation is a Legal Purpose
In many states, including California, Indiana, Iowa, Louisiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Pennsylvania, Rhode Island, Texas, and Virginia, the state requires a corporation to have a “business purpose” in order to form an LLC (Limited Liability Company). This requirement thus limits the LLC from holding an asset to protect it from a creditor, unless the state deems that the LLC falls into one of their business purpose categories. In Nevada (along with some other states), an LLC can be formed for “any lawful purpose”, and that LLC can then hold personal assets without having to perform any business without effecting business license statutes.
5) Nevada Has Low Filing Fees
$125 for listing and $200 for business license fees.