HAPPINESS KNOWS NO BORDERS
Let’s face it, Californians and others have come to question rising state, local and property taxes, the high cost of living, unrelenting traffic, and a myriad of other issues that tarnish their quality of life. In conspicuous numbers the smart money is migrating across the state lines. In the case of Boulder Bay, this is a move measured in mere steps, to Nevada. Here, the tax structure continues to be one of the least burdensome in the nation. The Tax Cuts and Jobs Act of 2017, with its limits on property tax deductions, has made the advantage of living in Nevada even more pronounced.
Establishing Nevada Residency and Multi-State Taxation.
Obviously, if you are a retiree, or about to become one, you’ll have more money to spend by moving to Nevada. If you are a business owner, or foresee a liquidity event, you will find considerable advantages inherent in a Nevada residency.
A tax-advantaged lifestyle has further benefits when one does business in Nevada:
- Stockholders, directors and officers need not live or hold meetings in Nevada
- Directors need not be stockholders
- Officers and directors of a Nevada Corporation can be protected from personal liability for lawful acts of the corporation
- Nevada corporations may purchase, hold, sell or transfer shares of their own stock
Nevada is ranked by a chief executives’ annual survey as among the top 10 states as the best for doing business based on taxation and regulation, workforce quality, and living environment.