Disclosure Statement

This policy is valid from 20 February 2011. http://harlemlook.net is a personal blog written and edited by me. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.

The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content.

We are employed by or consult with: http://www.izea.com. To get your own policy, go to http://www.disclosurepolicy.org

Blog Archive

Sunday, October 21

Your Nevada Corporation




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.

No comments: