For small and medium size businesses, Nevada is now the preferred jurisdiction in which to incorporate. Incorporating in Nevada gives access to a series of fiscal and legal benefits. Asset protection and tax exposure reduction are the two primary reasons that people choose to incorporate in Nevada. Domicile is critical. Domicile means "primary resident", not to be confused with "resident agent". Without a corporate address, most of the Nevada benefits are lost (see Office Presence).

Tax Advantages
The first main consideration when deciding whether to incorporate in Nevada is the effect on tax exposure. Nevada offers corporations outstanding fiscal advantages. Nevada has no business income tax, corporate shares taxes, state corporation tax, franchise tax, or inheritance tax. Furthermore, corporations do not have to file state tax returns and share information is held private.

Asset Privacy
One advantage of Nevada incorporation is that it provides owners with beneficial and unparalleled asset privacy. Nevada's reporting and disclosure obligations are lighter than in any other state.

Flexibility
In Nevada the shareholders of a standard corporation may consist of any number of individuals of any nationality, and/or any number of Corporations. Shareholders' identities are protected in Nevada. Any individual or Manager, as a Director or Officer in a Nevada Corporation, is protected from personal liability for acts committed on behalf of the Corporation, by the Corporation.

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