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Two of the main benefits of forming an LLC are that the company's profits are taxed only once, and an LLC is subject to fewer regulations than a corporation, yet the LLC still provides the owner with some protection from business liabilities.
Nevada has become a popular state for forming LLC's because of the high level of protection the state law provides for the owner's assets. You do not need to be a resident of Nevada to form an LLC there. It is one of the cheapest states in which to incorporate, and the state does not require more than one officer or director. In addition, Nevada provides very attractive tax treatment for businesses.
Many online services can assist you with forming your Nevada LLC, even if you live in another state.
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