The inside word is that it is worthwhile to form a Nevada LLC. That's a limited liability corporation. There are different corporate forms but they are all available at a click of a mouse.
This is a sponsored post of www.incparadise.com.
But, in any case, why do you need to incorporate at all? Can't you just go along and get along with a sole proprietorship type of company? The answer is no. You can have the bejesuses sued out of you if you are personally liable for all the misdeeds of your company, and there can be many accidents, damaged goods in shipping, and sometimes more exotic stuff. Let your corporation get their own tax id
, that will make things all better right from the start. Now, this can get a little bit complicated. Even with a wonderful, secretive Nevada corporation, you still have to take corporate minutes
. That means that you have to have some notes on your corporate meeting, and your by-laws, even if it is a one-man corporation. The IRS gets interested in little things like that. And with the real estate collapse, you have enough trouble, you don't want to get in trouble with Aunt IRiS. Also, the other thing, is that Nevada has great corporate secrecy laws, and it has no state income or corporate income taxes. So you could even form your corporation in Nevada, and in your home state. Send income to the Nevada corporation for advising your home state corporation. Of course, you have to be careful and reasonable, so do a click and get some good advice today, you won't be sorry.
Sunday, October 21
Your Nevada Corporation
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at
1:38 PM
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