[AlphaCon]

I found this and was wondering what was a better idea, incorporating into a LLC in Nevada or my hometown state of Texas

Originally Posted by SSI

What about incorporating in Nevada and getting a license to do business where you plan to do the work. Here are a few benefits of creating a Nevada corporation:

* No shares tax as well as franchise tax.
* No succession tax as well personal income tax.
* The minimum number of officers and directors is one. This means that you can set up a one man corporation.
* Nevada has no corporate income taxes on businesses incorporated here.
* The state has minimum requirements for disclosing and reporting information.
* Stock holder information for Nevada corporations is kept private.
* The state does not share corporate any information with the IRS.
* Nevada corporations can purchase, hold, sell or transfer shares of their own stock.
* With regards to the issuance of stock, directors determine the value of these transactions and their decisions are final and binding.
* Nevada has no minimum initial capital requirements if you wish to incorporate your business in this state.
* Corporations in Nevada can issue stock for capital, services, personal assets or real estate.
* In Nevada only the names of the officers and directors of a corporation are matters of public record.
* Corporations do not have to file any other information, listings or even meeting minutes with the state.
* In Nevada the officers and directors of a corporation are protected from personal liability for their lawful acts if they were made in lieu of the corporation.
* Nevada is the only state in the country that permits the issuance of 'bearer shares'.
* Directors in Nevada corporations do not need to be stockholders.
* Nevada corporations have nominal annual fees.
* Stockholders, directors, and officers in Nevada corporations do not have live in the state, or for that matter even be US citizens.

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First, and most important, you really need to consult an attorney to determine the best option.

Second, if you're interested in operating as an LLC, the above points are irrelevant, as they are for a corporation, not an LLC.

[AlphaCon]

THANK YOU... man, i didn't notice that.

[GuyBBY]

Alpha,

People reading this may be like "here he goes again with that book..."

http://http://www.buy.com/prod/formi...204167616.html\

but this was/is my go to guide when I have initial questions and then I branch out to other resources as things get more involved. BUT, get this, read it, it explains everystate, as well as tons of great points and instruction on starting up an LLC. It comes with a CD with forms, templates, etc and you will find it very helpful.

Best,

Guy