Virtual Office Program
A virtual office is a service that provides a mailing address and telephone receptionist services. The company that utilizes the service does not physically occupy the office. Typically several companies utilize the virtual office address. This is service is utilized as a significant savings over a traditional office space and receptionist costs. It is also used for financial privacy so that assets held in a corporation or LLC are not tied to the address of the owner, officer or director.
The Virtual Office Program is available in all 50 US states and many foreign countries.
There are many benefits inherent to the forming of a corporation, especially in Nevada or Wyoming. The laws that protect shareholders, officers and directors are some of the strongest in the United States. Plus there are no corporate state income taxes in either of these states.
Most people use Nevada or Wyoming companies for these primary reasons:
- Either to to operate a business in their state of residence, or,
- To protect personal assets and to increase privacy and confidentiality
Both of these reasons can prove extremely beneficial to your business, but there are steps you can take to ensure that you see the benefits you expect and even to enhance these benefits.
Using a Nevada or Wyoming Corporation in Your Home State
A Corporation formed in any one of the 50 states can conduct business in all of these same states. For example, if you live in California and own a trucking company but want to minimize your tax liability and provide further protection for your assets, you might form a Nevada Corporation for your trucking company, then register in California as a foreign corporation. This is known as “foreign qualification,” and your company would be taxed by California on any income derived from that state. However, your corporation would still enjoy tax-free status in Nevada on any income derived in that state, or in any other state that it operated in that had similar state tax-free laws, or no “foreign qualification” requirements. In order for you to enjoy these tax benefits, however, it would have to be a “resident” Business, and this would be determined by meeting the requirements we’ve outlined below.
Increase Privacy and Protect Assets
Nevada Corporations offer unparalleled privacy and excellent asset protection for directors, officers, and stockholders (owners). By statute, neither stockholders, nor officers/directors can be held liable for any debts or liabilities incurred by the Nevada corporation. Nor are stockholder names a matter of public record–only Directors and Registered Agents are a matter of public record, and even these positions can be organized in such a manner, by utilizing nominee appointments, for example, as to enhance the confidentiality and privacy of the “true” owners of the corporation. Using our trusted Nominee Service, you can be assured that your name will be kept completely confidential to any prying eyes.
For example, you can arrange for some of your business and investment profits to be paid directly to your Nevada Corporation to increase privacy and protect assets. This would be accomplished by establishing a Corporation in your home state, then another Corporation in Nevada to be used to transact and receive income from your home-state Corporation. The business you operate in your home state can hire your corporation in Nevada for such things as management, consulting, or for the sale of business supplies, etc.
Because you will have properly established your corporation as a resident Corporation in Nevada (using our simple, efficient Nevada Office Program or Nevada Virtual Office Program), and arranged for nominee officer appointments via our Nominee Privacy Service, your Corporation would earn its money discreetly and with utter confidentiality. You would be able to pay yourself a salary from the Nevada Corporation, and because federal taxation of a C Corporation is much less than the individual rate in almost all tax brackets, you would realize further tax savings! (Again, if a corporation operates in a state with corporate income tax, it must follow the tax laws of the state in which it operates, which may not include the income tax-free benefits when operated only in Nevada. Check with a knowledgeable tax advisor).
A further example: If you have substantial stock market investments, you can form a Nevada Limited Liability Company (“LLC”) to hold these investments. You can then arrange for your Corporation in Nevada to manage these investments, and pay “for management services rendered” fees to your corporation in Nevada from these investments via the LLC. All the while your name will not be registering as earning all of this passive, and expensively taxed, income.
What is the Virtual Office Program?
In order to benefit from the maximum financial privacy, limited liability, and asset protections offered by your Nevada Corporation, it must meet certain “residency” requirements. You must be able to sufficiently prove that your corporation is a legitimate, operating business in Nevada.
To do so, it must pass these four simple tests:
- The Corporation must have a Nevada business address, with receipts, or supporting documentation as proof.
- The Corporation must have a Nevada business telephone number.
- The Corporation must have a Nevada business license
- The Corporation must have a Nevada Bank account of some sort (checking, brokerage account, etc.).
As is evident by these requirements, a simple P.O. Box or answering service won’t suffice. In order to pass muster, there must be a living, breathing office supporting your Nevada Corporation. The downside of opening and then sustaining an office is that it can be quite expensive, especially if the Corporation in Nevada is an extension of your tax-reductions strategy and you are looking to maximize your investment in your corporation. When opening an office, you would have to factor rent, staff, utilities, telephone and data services, employment taxes, supplies, and insurance. Let’s put these into “monthly cost” perspective:
These costs added up quickly to the tune of $4,500 a month. And these are relatively conservative cost estimates, with actual potential costs much higher. Multiply this figure by 12, and you can see that even a basic “base of operations” office can cost your corporation $54,000 a year.
But we have the sensible solution to meet your needs! We can accomplish all of this for your Corporation starting at $995 a year. With our Nevada Office Program (also known as the Nevada virtual office program), we can offer your corporation a proper office and business address (available by appointment), staffed by contracted people during regular business hours, a live person answering your (shared) business telephone number, a real Nevada Fax number, personalized mail forwarding service, and assistance with the opening of bank or brokerage accounts.
Included in our Companies Incorporated Nevada Corporation Office Program:
- An actual Nevada street address — staffed with contracted employees from 8am to 5pm
Pacific Time Monday through Friday.
- Mail forwarding service personalized to your needs
- A Nevada shared telephone number answered by a live receptionist
- A Nevada fax number
- Help opening a Nevada bank account if desired
- Help applying for a Nevada business license
- Live contract employees to greet your callers during business hours.
- Notary service
- Secretarial service
The Companies Incorporated Nevada Virtual Office Program will cost you only $110 per month if you pay on a month-to-month basis with a one-year minimum commitment, but again, you can take advantage of our $325 discount for yearly prepayment. You pay only $995 for an entire year of service.
These packages can save you thousands of dollars in operating expenses, while preserving all of your hard-earned, and achieved, tax reductions.
Our Nevada Corporate Office Program meets and satisfies all of the standards necessary for a resident Nevada corporation determination, and these services are delivered in a knowledgeable, friendly professional manner by experienced personnel that have been providing these types of services for over 30 years! We can offer this program at such an enticing price because of our high volume of business and efficient organization.
The number on this page or the form provided above can be used to obtain additional information of the wonderful TAX SAVINGS and PRIVACY options available with your Companies Incorporated Virtual Office Program.