How a Nevada Corporation may be utilized in Asset Protection 

A Nevada Corporation is a seperate legal entity from its stockholders. As such it can perform most duties that an individual person can, such as sign documents, engage in litigation, borrow, own property, open a bank account and incur trading debts.

In most cases, a Nevada corporation affords protection from liabilities for its stockholders, and limits potential losses to the investment made by the stockholders in the corporation.

If the Nevada corporation is sued and files for bankruptcy, the stockholders  cannot be held responsible for its debts. As a result it is a common asset protection strategy when conducting business and for the protection of assets.

Features of a Nevada Corporation

• Owners are called stockholders not members
• Directors can be non-residents
• One person can be the Director, Secretary and corporation officer 
• The issue of stock in the corporation will depend on its type 
• Stockholders cannot be held personally liable for the debts of the Corporation
• Stockholder information is not recorded on the public register
• No need to disclose the location of your principal business outside of Nevada
• Not required to file annual state reports
• Nevada does not have an information sharing agreement with the IRS
• No franchise tax
• No incime tax
• Not required to submit an annual tax return to the IRS
• A low cost state filing fee of $125 per annum