Incorporating is one of the best decisions you can make as a business owner because it separates you from your business. The corporate veil prevents lawsuits and other adverse actions against a business from targeting the personal assets of the business owner. It may also create additional tax deductions that could put money back in your business’ bottom line.
If you answered “yes” to any of these questions, it’s time to call the experts at NCH We’ll provide you with the information and solutions you need to protect yourself.
Learn more about incorporating your business HERE.
Did you know that each state writes its own unique statutes regarding corporate structuring, operational requirements, legal protection (such as the corporate veil), and personal privacy protection? Well, there’s a reason Nevada is called the pro-business state – it has the most business-friendly incorporation statutes in the nation.
In Nevada, the corporate veil may be pierced only if the owner of company has committed deliberate misleading non legal acts. This veil can be pierced easily in other states for reasons such as:
If you're in business and have assets over $50,000, make sure to protect yourself by incorporating in Nevada because:
A Nevada LLC or corporation can be organized with little capital, if desired. Many states require that an LLC or corporation have at least $1,000 in capital.
One person can hold the offices of President, Secretary, Treasurer, and be the sole Director. Many states require at least 3 officers and/or directors. Thus, there is no need to bring other persons into a Nevada corporation if the owner doesn’t want to.
Not only are the names of business owners and board members excluded from public record, Nevada LLCs are not required to file an asset list. The first protects business owners and members from being tied to lawsuits—the other protects your assets.
An entity can be formed by mail, fax, or phone and the person incorporating in Nevada never has to visit the state – even to conduct annual meetings. Meetings can be held anywhere in the world.
Unlike other incorporating companies, NCH provides a variety of services to help your business succeed. Our Senior Consultants are certified asset protection specialists who will take the time to find the perfect business structure for your needs.
Staff support and systems make creating your business and protecting your assets quick, easy and convenient.
Want to learn more about why Nevada is that state that many entrepreneurs chose for incorporation? Please call 1-800-508-1729 to speak with a business formation specialist.
The newly released 6th Edition of The Nevada Edge is packed with everything you need to know about the benefits of launching your business in Nevada. Download your copy now!