Nevada C Corporation: are taxed at corporate and individual levels. They offer personal liability protection, tax savings, and increased opportunities for raising capital. Nevada C Corporations are also required to perform certain formalities such as holding annual meetings and keeping detailed corporate records (minutes).
Nevada S Corporation: An S-corporation is a regular corporation that has elected "S corporation" tax status. Forming a Nevada S corporation lets you have the limited liability of a corporate shareholder but pay income taxes as if you were a sole proprietor or a partner. The Nevada S corporation itself does not pay any income tax, although an S corporation with more than one owner must file an informational tax return like a partnership to report each shareholder's portion of the corporate income.
Nevada LLC: will let you form a legal entity that insulates you from liability for claims against your business and at the same time, it keeps you in your current tax bracket. If you’re a sole proprietor and you form a one-person Nevada LLC, you’ll continue to be taxed as a sole proprietor.
Nevada Family Limited Partnership: will let you form an Estate Plan where your assets have increased protection than if they were kept in your own name, Corporation or LLC. There is however, greater tax benefit to having property in the name of a Nevada Family Limited Partnership or Nevada LLC. Partnerships and LLC’s, from a tax perspective, are both considered pass-through entities. Having a Nevada C Corporation own real estate can be a mistake because even though you have less liability, the property has changed ownership. You will have to pay corporate and personal taxes for any appreciation on the property. This is not so with pass through entities such as Nevada Family Limited Partnerships or Nevada LLc’s.
Nevada S Corporation: An S-corporation is a regular corporation that has elected "S corporation" tax status. Forming a Nevada S corporation lets you have the limited liability of a corporate shareholder but pay income taxes as if you were a sole proprietor or a partner. The Nevada S corporation itself does not pay any income tax, although an S corporation with more than one owner must file an informational tax return like a partnership to report each shareholder's portion of the corporate income.
Nevada LLC: will let you form a legal entity that insulates you from liability for claims against your business and at the same time, it keeps you in your current tax bracket. If you’re a sole proprietor and you form a one-person Nevada LLC, you’ll continue to be taxed as a sole proprietor.
Nevada Family Limited Partnership: will let you form an Estate Plan where your assets have increased protection than if they were kept in your own name, Corporation or LLC. There is however, greater tax benefit to having property in the name of a Nevada Family Limited Partnership or Nevada LLC. Partnerships and LLC’s, from a tax perspective, are both considered pass-through entities. Having a Nevada C Corporation own real estate can be a mistake because even though you have less liability, the property has changed ownership. You will have to pay corporate and personal taxes for any appreciation on the property. This is not so with pass through entities such as Nevada Family Limited Partnerships or Nevada LLc’s.
