Google Answers: Incorporating oneself in Nevada

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Q: Incorporating oneself in Nevada ( No Answer, 1 Comment )

Question

Subject: Incorporating oneself in Nevada
Category: Business and Money
Asked by: dick1944-ga
List Price: $10.00

Posted: 02 Feb 2005 11:43 PST
Expires: 04 Mar 2005 11:43 PST
Question ID: 467664

What are the counter arguments for incorporating oneself in Nevada for
asset protection (retirement income from IRA and condo) and income
taxes (live in CA). Would this have any effect on refinancing the condo?

Answer

There is no answer at this time.

Comments

Subject: Re: Incorporating oneself in Nevada
From: just4fun2-ga on 02 Feb 2005 14:20 PST

The only way I know of to shield yourself from CA taxes on your IRA is
to set up residence in NV.  NV does not have a personal income tax on
income. Now as far as the Condo income, well that would, more than
likely, be taxed based on the fact that the income was earned in CA.

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