First and foremost, Nevada is the most difficult state in the country to pierce the corporate veil. This means it is the most difficult state to break through the corporation legal presence and go directly after its officers or shareholders personally. Breaking through the veil of a Nevada Corporation requires one to substantiate each part of a three-prong test in order to win a case. Unless outright fraud is involved, it is nearly improbable to pierce the corporate veil in Nevada. This is why so many attorneys have their clients incorporate in Nevada, even if it requires their clients' business to additionally file as a foreign corporation in their home state.

You can capitalize a Nevada entity with $100, or less. In many states you may need to have at least $1,000, or more to capitalize an entity. Nevada also allows you to authorize and issue stock for capitalization. In many states, corporate veils are being pierced because of too little capitalization. This can't happen in Nevada.

Whether you are an attorney or the IRS, you cannot determine who the beneficial owner is of a Nevada Corporation or LLC by calling the Secretary of State. Nevada is the only state in the country that does not exchange information with the IRS. No financial ownership information is shared. Nevada has become the domestic haven of choice for corporations, offering a powerful, pro-business environment.

No State Corporation Income Taxes: Unlike most states, Nevada does not tax its corporations on the income they earn.

No Franchise Taxes: Nevada does not charge a franchise tax on its corporations.

No Taxes on Shares Issued: You do not have to worry about being taxed when you issue stock in Nevada.

**Earnings made from sales or operations based in another state, say California for example, must be properly dealt with in their tax system.

Inexpensive Establishment and Maintenance Costs: Despite all the benefits, Nevada is still one of the least expensive jurisdictions in which to establish and run a corporation.

Nevada has become an on-shore corporate haven. Depending on the type of business you plan on running, you may be able to take full advantage of Nevada's unique pro-business laws.