Deciding which state to incorporate in is a big decision. Your decision could be based on geographic location and/or convenience. i.e. incorporating in your current state of residence. Some businesses consider Nevada Corporations for the following two main reasons:
First, Nevada Corporations do not have a corporate income tax. In contrast, other states have a corporate income tax between 8%-9%.
Second, Nevada Corporations offers privacy. Many businesses would prefer to keep as much company asset information confidential, hidden from competitors and potential litigants.
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