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Incorporating In Nevada: Why the Recent Changes May Impact Your Decision

All good things must come to an end, and Nevada’s legislature has confirmed that saying to be true. InCorp is committed to assisting you in making an informed decision by providing the following information as an overview of the recent changes. Whether you are already a valued customer and wish to reincorporate in another state, or you are seeking to utilize our exceptional services for the first time, we are here to guide you through the process.

  • What Changed?

    Nevada was once known as “America’s Tax Haven” because of the favorable tax climate, reasonable annual fees, and privacy benefits which all resulted in a pro-business attitude.

    However, on July 1, 2015 everything changed. While InCorp once recommended incorporating in Nevada, and are in fact based in Nevada, we now strongly suggest businesses reconsider incorporating here and offer the following facts to support our recommendation:

    Here’s what changed:

    • New Commerce Tax – This is a gross receipts tax on corporations’ revenue over $4 million;
    • Increase In All Initial List and Annual List Filing Fees - $25 increase for all entity types across the board;
    • Increased business license fees for corporations – fees increased from $200 to $500 annually;
    • Temporary Tax Increases Made Permanent – Increases in the modified business tax, sales tax and other industry specific taxes that were temporary, are now permanent

    Contact InCorp today to learn more!

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