Nevada is famous for legalized cannabis, legalized prostitution, and cash businesses involving the casino industry. These are also cash based businesses that support many shenanigans that operate in NV. Bankers are nervous about Nevada companies for good reason. They’re terrified that a NV company will be used to launder money that is federally prohibited in banking. As a result, NV companies are a hindrance to building business credit. They attract increased scrutiny. If you don’t live in NV, there’s no reason to sign up for these headaches.
Nevada companies are audited four times higher by the IRS than any company from another state. The NV resident agents for years promoted that NV doesn’t have an information sharing agreement with the IRS. This is a stupid claim based on nonsense. NV sells their information.
NV also requires a business license at $500 annually. The annual report for a Nevada corporation or Nevada LLC is $125.
Stop signing up for abuse in operating with a Nevada shelf company. The cost and the headaches aren’t worth it. Nevada also offers a history tab, so you won’t be seen as the original owner of the company.
Nevada Residents Seeking an Aged Shelf Company
If you live in Nevada, you’re better off with an aged shelf company from another state, such as New Mexico or Montana, and then file it into NV. It looks cleaner than a Nevada born entity.