Tax benefits..Nevada's tax structure is also a large benefit to incorporation in Nevada. Nevada has no franchise tax. It also has no corporate income tax or personal income tax.[1] [quote/]...as long as a corp. files as a foreign corp.with the proper ficticious name or dba ...they are in good standing in the state they are doing business in .Texas Oil and Minerals ( BNPD)has clearly done this and are in fact in good standing in Texas .