Nevada LLC

Ernie | Jan 6, 2010 |

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Nevada is a very popular state to form an LLC in. Some of the reasons people choose Nevada to form an LLC company is that the state of Nevada does not require the LLC company to hold annual meetings or minutes and Nevada also allows non US citizens to form LLC companies.

The low cost of forming an LLC in the state Of Nevada also makes Nevada LLC's very popular. A quick search on the internet will show many companies will help you form your LLC in Nevada for less than $300.00 and this includes the State of Nevada's filing fees for forming an LLC.

Nevada keeps the records of LLC companies private. There is no public record that show who owns the LLC company if you form your LLC in the state of Nevada.

There is NO state taxes on income from a Nevada LLC. The annual fees for an LLC in the state of Nevada is extremely low compared to the fees charged by other states for LLC's.

If you have a poor credit score then you may want to look at forming an LLC in the State of Nevada. By forming an LLC or a corporation in the State of Nevada you can then apply for various credit for your new Nevada based LLC company. Once you begin to build your company credit up you will then be able to apply for loans and receive credit based on your companies credit score. This method works if done properly regardless of your personal credit. There are many individuals who have poor personal credit but have took the time to build their companies credit score. By using their personal credit they would never receive a loan but they can easily receive loans by using their corporate credit that they have built up based on their Nevada based LLC or Corporation.

If you form an LLC or corporation in the State of Nevada you do not have to physically reside in the state of Nevada.

If you are interested in raising money for your new company through the sales of stock then you may want to consider Incorporating in Nevada as opposed to starting an LLC. An LLC in Nevada will allow you to raise money but is strictly limited to the operation agreement in effect. By forming a Nevada based corporation you can sell stocks and raise venture capital much easier and with far less restrictions.

If you decide to form an LLC in Nevada then there are many web based companies that will help you for less than $300.00.