Yes. How much did your business pay to your state in income taxes last year? Whatever the amount, by arranging your business affairs so that your Nevada corporation actually earns a portion of your business income, you can easily reduce, or possibly eliminate, state income taxes on your business. Remember, Nevada has no corporate income tax and no individual income tax.
Tax savings can be substancial if an S-Corporation is operated instead of a Sole Proprietorship as a primary source of income. Many of our clients operate Internet, Technology, Consulting or Service businesses as Nevada S-Corporations, privately, without involving their home State's Tax agencies in the corporate matters.