Tag Archives: Nevada LLC

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Setting Up an Out of State Corporation by a California Resident

By John L. Wong, Esq. | Posted on March 6, 2014

California residents often ask me, “should I set up an out of state corporation to save or avoid taxes?” California residents often mention Nevada because it has no corporate income tax and no personal income tax. Many “business advisors” promote these Nevada LLCs or corporations for this very reason (with the caveat that they… Read More »