LLC Vs Navada Corp

Which is better for tax benefits and liabilities, an LLC or a Nevada corporation? :-?

Comments(3)

  • perfecto21st May, 2004

    I don't know the details. I'm sure you'll hear about them here.

    My belief, backed up by experts such as Bill Bronchick, is to incorporate (LLC, partnership, S-corp, etc.) in the state(s) where you do business.

    It's certainly simpler and I believe in the KISS philosophy.

  • cjmazur28th May, 2004

    In CA you have to (legaly anyway) report foreign corps that do business in CA and pay the $800 minimum state tax.

  • millionRE1st June, 2004

    I forgot to mention that most of my properties are in Las Vegas. Does that make a difference? Do I still need to pay taxes in CA? :-?

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