Disadvantages of Incorporating in Nevada

Disadvantages of Incorporating in Nevada

Compared to Wyoming, there are several disadvantages to incorporating in Nevada. Nevada’s yearly fees for a corporation are at least $600 per year. The Wyoming yearly fee, in most cases, is $62.

Incorporating in Nevada requires that all corporations file a tax return with the state. The return is due August 15. Wyoming has no tax returns. You can read more about Nevada Corporate Tax here.

Nevada requires that you list all officers and directors on the business license. Wyoming does not have a business license.

You can change your state of incorporation from Nevada to Wyoming for less money than it will cost you this year for Nevada state fees and a registered agent.

With all the disadvantages of incorporating a business in Nevada, it seems like a no-brainer.

Contact Wyoming Corporate Services for help moving your business to another state. As a corporate services company, we offer a broad range of services for forming and moving companies.