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The short answer is yes...if your business is located in Nevada.
Otherwise, your best bet is to http://www.llc-made-easy.com">form your business
entity in the state where your business operates.
There many myths about forming Nevada LLCs and corporations. One
such myth is that you can avoid paying federal income tax by
incorporating in Nevada. That's completely untrue. There is no
way to avoid federal income taxes other than
Read more . . .
LLC owners must report their business income and losses on
their personal income tax returns
Similar to a sole proprietorship or partnership you must report
your income to the IRS. An LLC is not a separate tax entity like
a corporation. The IRS considers Limited Liability Company a
'pass through entity." Earnings are taxed only once. Profits and
losses of the LLC 'pass through' the business
Read more . . .
"So many investors are tired of watching their retirement
accounts dwindle away from the lackluster performance of the
stock market, while the value of their home and surrounding
areas increase in the double digits," said Marco Caporale,
President and CEO of Independent Executive Management, LLC.
Although using your retirement account to purchase real estate
does offer the potential for two to three times the annual
appreciation of traditional
Read more . . .
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