The Nevada LLC is, hands down, the most commonly formed entity in the State of Nevada. In 2014 alone, over 37,800 new LLCs were registered with the Nevada Secretary of State.
In the State of Nevada, the LLCs popularity comes from two primary aspects. First, like the Nevada C-Corporation (read more here) the Nevada LLC provides a strong corporate veil. The corporate veil effectively separates the assets owned by the LLC from the assets owned by the LLC owners.
In addition, the tax structure of the LLC is very similar to that of a Partnership, in which the income that is generated by the entity passes directly through to the owners of the entity shows up as ordinary income for tax purposes.
The team at Nevada Business Services can help you get your Nevada LLC up and running quickly and efficiently.