A Santa Monica customer I met with today is starting a new business and is incorporating in Nevada because California business laws absolutely stifle and discourage starting businesses in California.
A Santa Monica customer I met with today is starting a new business and is incorporating in Nevada because California business laws absolutely stifle and discourage starting businesses in California.”
Based on info I got a couple of years back, you can incorporate in Nevada, but you will still pay all the confiscatory taxes of Kalifornia.
Just because Nevada has no income tax (yet), doesn’t mean he will excape the taxes.
Now- IF he moves to Nevada, and does his business here nd all, he will be free on personal and corp income taxes.
I live in N Nevada, and there are lots of opportunities in NW Nevada, especially in Minden/Gardnerville, where they are working to accomodate new business.
Washoe County (Reno) isn’t so friendly. Storey County is VERY friendly, and there is a new Tahoe-Reno Industrial Complex for light industrial/warehousing/white collar businesses just east of Reno on I-80. Special Interstate on/off ramps built and finished. I understand a SEPARATE Power plant built with private funds feeds this complex.
If he has a business that can stand the move—talk to him.
Storey County is one of the smallest and most aggressive counties in the country for recruiting jobs and businesses.