Should You Form a Nevada LLC?

The short answer is yes…if your business is located in Nevada. Otherwise, your best bet is to form your business entity in the state where your business operates.

There many myths about forming Nevada LLCs and corporations. One such myth is that you can avoid paying federal income tax by incorporating in Nevada. That’s completely untrue. There is no way to avoid federal income taxes other than not making money or leaving the country (and even then they can levy an expatriation tax).

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