The State of Nevada offers one of the most tax and business friendly environments of any state. Here are some of the reasons why advisors, celebrities, investment bankers, CEOs, and athletes call Nevada home:
- No personal income tax
- No corporate income tax
- No gross receipts tax
- No franchise tax
- No inventory tax
- No tax on issuance of corporate shares
- No requirements for shareholders or directors to live in Nevada
- No tax on sale of transfer of shares
- No succession or inheritance with IRS
- No sharing of information with IRS
- Simple annual requirements
- No initial or minimum capital requirements
- Business friendly environment
