Nevada State Corporation

September 23, 2009 | Posted by admin

Nevada Corporation and Nevada LLC: Effective Way to Protect your Assets
Nevada state law makes it possible for you to run a corporation within the state while residing in another state. You will be able to make use of the asset protection advantage and enjoy other benefits provided in Nevada’s corporate statutes. There is little need for disclosing of company information and absence of public records about the stockholders.
- If you incorporate your business in Nevada, you only need to provide the Secretary of the State with information on the names and addresses of the president, secretary, treasurer and director. Moreover, one person may take more than one of these positions.
- While other states, put information on corporate ownership accessible to the public, Nevada keeps your identity private. You can even own all the stocks in your Nevada Corporation and have total jurisdiction over your business.
- Nevada places a boundary between the owner’s personal assets and the assets of the corporation. Therefore, the “corporate veil” has less chances of being sabotaged. The piercing of the corporate veil makes the owner accountable of the acts of his business which is easily authorized in other states.
- Other states have an agreement with the IRS and are obliged to share information about their corporate owners. However, Nevada State is not bonded with this form of agreement and therefore are entitled to keep information on their corporate owners private.
- The Nevada Corporate Headquarters Incorporated provides additional assistance in keeping your personal affairs detached from your restricted business dealings. If you are a person who does not want excessive attention from the public, then this is one effective way to avoid it.
It is important that you learn how to:
Segregate your important assets from liabilities which is an action legally permissible in Nevada.
You can carry out an “Asset freeze” by moving your important assets to trust or business entities in advance before another person or company files a suit against you.
Cleverly utilize other forms of immunity permitted by the state and other means of using the law to protect your assets.

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