Wednesday, July 18, 2018

By Jessica Bell


Business and commerce is the lifeline of the American economy. The United States of America is the most successful nation on earth because it has the most Fortune 500 companies. Being a business owner is a good thing. It frees a person from the chains of employment. It is better to be self employed rather than to be employed by another person. As an entrepreneur, one will employ others. Businesses also pay taxes. That provides the government with much needed revenue for financing the various social services. An individual can decide to incorporate in Nevada.

There is more than one incorporation option that is available to the starting entrepreneur. As a matter of fact, there are many. Even before thinking of going abroad, one will be confronted by plenty of local options. Thus, it is easy to be spoilt for choice. An individual can find it hard to make a decision because of the sheer number of options.

Governments need taxation revenue. Taxes are used to pay civil servants. They also facilitate the provision of social services. Despite these valid reasons, American taxes are way too high when compared to the taxes of other countries. As a result, all kinds of American businesses are suffering. They are left with little or no revenue after the payment of taxes.

Taxation should not be a punishment. Rather, it should be a way to obtain a reasonable amount of money from people and businesses. Many companies have found it hard to endure the taxes that are usually levied by the IRS. That has made companies to shift their country of residence. Over the last few years, many American companies have incorporated overseas.

Companies that are not shifting abroad are moving their operations to Nevada. This is one of the only states in the union that is tax friendly. This state is friendly to the investor. It is friendly to the novice entrepreneur who has little or no capital and desires to retain much of his profits to facilitate easy business expansion.

Nevada is the most business friendly state in the United States of America. The rules and regulations of this state are usually developed with the best interests of businesses in mind. That is why companies in this state do not pay a number of taxes. First and foremost, the infamous corporate tax does not exist. Withholding tax rate is zero.

The tax benefits to be enjoyed in Nevada are immense. The tax benefits are just but one side of the equation. The other side involves an easy incorporation process. The whole process has been greatly simplified. The papers that one will need to fill will be very clear from the word go. Nevada also has low cost of living.

The greatest invention of modern day times is the World Wide Web. The internet is commonly called the information superhighway. Because of the power of the internet, one does not have to visit an office so that to be able to incorporate a company. A person simply has to go online and access the website in question. This will require a browser.




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