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ASSET PROTECTION NEVADA CORPORATION In many cases a Nevada Corporation will be FDL and Associates first line of defense. There are a multitude of reasons why a Nevada Corporation can be useful. Following is a list of some of the reasons. 1. It is a tax-free state. ● No corporate tax ● No franchise tax ● No personal income tax ● No stock tax ● No estate tax ● No inheritance tax ● No gift tax ● No inventory tax Just no tax! 2. It is the only state in the Union that does not voluntarily share information with the IRS or with any other state. 3. It is the only state that allows for bearer shares. Whoever holds them owns them. The stock does not need to be registered in anyone’s name. 4. There is no personal liability. On March 13, 1987 the Nevada Legislature passed legislation that indemnifies directors and officers from personal liability for acts committed on behalf of the corporation or by the corporation. NEXT
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