There is no personal income tax in Nevada.  Another unusual benefit is there is no agreement with the IRS to share information. Nevada has minimal paper work required for reporting or disclosure of corporate information.  This includes not having to make a public record of exactly who the stockholders are.  This could be important if silent partners are part of the corporation.

Two other benefits of incorporation in Nevada are, first, no taxes on shares of the corporation.  Second, there is no franchise tax.  Stockholders and directors of the corporation do not have to reside in Nevada or be required to attend meetings in Nevada.  They can be citizens of other countries.  Officers of the corporation have the same requirements. 

All in all, Nevada makes it very easy to incorporate within the state.   There is one other practical reason to be a Nevada corporation.  Nevada has a history of being an employer’s state and not an employee’s state.  All of these advantages line up to make incorporating in Nevada a viable idea.