Crossroads Commerce Center

"If employees' houses cost less, they have more discretionary income and are more likely to stay, saving business owners the cost of attracting good employees."

- James Pavik, The Pavik Group

Corporate Benefits

The long list of corporate benefits is yet another compelling quality of Northern Nevada that makes doing business in Crossroads Commerce Center so attractive to businesses. Listed below are just a few of the numerous tax and other advantages that corporations will benefit from:

• No corporate income tax
• No personal income tax
• No taxes on corporate shares
• No franchise tax
• No I.R.S. information sharing agreement
• Nominal annual fees
• Minimal reporting and disclosure requirements
• Stockholders are not public record
• STOCKHOLDERS, directors and officers need not live hold meetings in Nevada or even be U.S.citizens.
• Directors need not be stockholders.
• Nevada corporations may purchase, hold, sell or transfer shares of their own stock.

Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options.  The directors may determine the value of any of these transactions and their decision is final.

(Source: http://www.edawn.org/doingbusiness/)

CORPORATE FEES

Filing Articles of Incorporation in the office of the Secretary of State establishes corporations. Thereafter, it is necessary only to file certificates of amendment to articles; certificates of reduction of capital; merger agreements; and lists of corporate officers, directors and resident agents within 60 days after incorporation and annually thereafter on the anniversary month. The fee for filing Articles of Incorporation or agreements of consolidation providing for shares is provided in the following schedule:

1. Filing of Annual List of Officers, Directors, and designation of Resident Agent: $85

2. Filing the 60-day List of Officers, Directors, and designation of Resident Agent: $85

3. For a default on the above, there shall be an added fee of: $15

4. The fee for filing Articles of Incorporation or agreement of consolidation providing for shares:

• $25,000 or less: $85
• $25,001 and not over $75,000: $175
• $75,001 and not over $200,000: $225
• Over $200,001 and not over $500,000: $325
• Over $500,001 and not over $1,000,000: $425
• For the first $1,000,000: $425
• For each additional $500,000 or fraction thereof: $225
• Maximum fee: $25,000
• Foreign corporations pay the same fees as Nevada corporations.

Contact: Secretary of State, Capitol Building, Carson City, Nevada 89710. Phone: (775) 687-5203.

(Source:CB Richard Ellis)