Incorporating in Nevada allows a company to protect the individual members from liabilities the company itself may incur. Nevada Corporations have no business income tax, corporate shares taxes, state corporation tax, franchise tax, or inheritance tax. Also, Nevada corporations do not have to file state tax returns and their share information is held private. Any individual or nominee, as a Director or Officer in a Nevada Corporation, is protected from personal liability for acts committed on behalf of the Corporation, by the Corporation.
Determining whether or not a Nevada Corporation is the right configuration for your situation is a decision to be based upon many important factors. Talking to a qualified expert is a must in this situation.