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The Nevada Myth: Rethinking The Nevada Corporation Article - ...

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you will be required to file a Statement and Designation of Foreign Corporation in California

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if you are doing business anywhere other than Nevada, you will still be required to pay taxes in the state where you are conducting business. So if you are operating and generating business in Nevada, this can be a huge benefit, otherwise if you are generating money in California, you are required to pay California’s taxes.

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you will not be able to legally gain the Nevada tax benefits if you form a Nevada pass-through entity such as a S-corporation or LLC.

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pseudo foreign corporation

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