Aside from lottery winners, hardly anyone accumulates wealth overnight. It takes time and discipline. And once you’ve gathered up a decent pile of nickels and dimes, you do your best to hold on to them and even grow them if possible. One big step you can take is by establishing residency in Nevada at Tahoe Beach Club.
Nevada offers one of the most tax and business friendly environments of any state. CPAs, tax advisors, and asset protection specialists have recognized for years the benefits of calling Nevada home! In addition to no personal income tax, Nevada also has no corporate income tax, no inheritance tax, and comparatively low property taxes. And as you might have already deduced, Nevada is able to ease the tax burden of their residents for one simple reason: gaming. The revenues Nevada realizes because of gaming is significant enough to fund most government operations.
So, how can you take advantage of Nevada’s freedom from taxes? There are two primary ways. First is to start a corporation for your business’ tax relief. Consult a Nevada CPA or legal professional for more detailed information on incorporating your business in Nevada.
As an individual, you will need to become a resident of the state. In order to establish residency, you must first purchase a home (preferably at Tahoe Beach Club). But it doesn’t end there. You must also show that you are “domiciled” in Nevada, which means your home here is your permanent home. You can show this by registering to vote in NV, registering your cars here and by getting a Nevada driver’s license. Again, check with your financial professional before taking any actions.
By choosing to become a Nevada resident by owning at Tahoe Beach Club, you get to enjoy a lakefront location that’s right next to the California border, all of our services and amenities, and all the tax breaks that Nevada offers her citizens. It’s a big win all the way around!
