| Benefits of Incorporating in Nevada | | | | — and lose your personal assets. |
| Once you've decided to incorporate, the question | | | | The Best Investment You Can Make |
| becomes, Where? For many, the best choice is | | | | The next important question is how much will does it |
| Nevada . Why? | | | | cost to incorporate in Nevada first, versus |
| The corporate veil in Nevada has only been pierced | | | | incorporating in your home state? Without being |
| twice in the last 29 years, and both cases involved | | | | dismissive, the answer is that you can't afford not to. |
| outright fraud. | | | | You've put in a lot of hours, blood, sweat and tears to |
| In fact, there were other Nevada cases where the | | | | develop your business into your major asset and a |
| corporation did not do resolutions, minutes and | | | | significant part of your net worth, and no doubt will |
| meetings, they had thinly capitalized the company, | | | | continue to do so. If you are like most successful |
| commingled funds — and still Nevada protected | | | | people you probably work 10, 12, 14 hours per day. |
| the corporate veil! Nevada is a pro-business state, | | | | Your goal is to protect all your hard work and the |
| meaning they strongly protect the business owners. | | | | asset you are developing. |
| But My Business Is Halfway Across The | | | | It will cost you $895 to incorporate in Nevada first, a |
| Country
| | | | $500 Nevada fee for foreign registration (plus |
| You may be wondering how this applies to your | | | | whatever your home state charges for registration) |
| business when your business operations are NOT in | | | | and only $400 annually for Nevada renewal. Does that |
| Nevada . The answer is that you don't have to. | | | | sound like too much money to protect not only the |
| Here is how it works: First, incorporate your business in | | | | most important asset you have for you and your |
| Nevada (in whatever form of corporation or LLC you | | | | family, but also the wellbeing of all the employees, |
| determine to be best for you.) This makes Nevada | | | | contractors, and clients that depend on you? I would |
| your domicile. Then register your new corporation (this | | | | think that if it does, not only are you shortsightedly |
| is called foreign registration) in your state of | | | | exposing yourself, but that you do not fully revere the |
| business. | | | | contribution you make to the lives of those around you. |
| If your company is sued it will most likely be in your | | | | Nevada Corporate Planners has set up over 4,300 |
| home state. If the plaintiff (the person suing you) wants | | | | business entities in Nevada , providing them with a |
| to go beyond the corporation (or LLC) and after you | | | | barrier that protects them from devastating legal |
| personally, the case will most likely go back to the | | | | repercussions. And just in case you think this risk |
| state of domicile, which is in this case Nevada — | | | | seems overblown, consider this: |
| where you get the most protection. | | | | · In 1990 there were 655,191 lawyers in this country. |
| However, if you incorporate in a weaker state (without | | | | · Today, just fourteen years later, there are currently |
| Nevada 's protection) and your veil is pierced, you are | | | | 1,000,440 lawyers in this country. And don't kid yourself. |
| right back where you did not want to be. You will be | | | | They're not sitting on their hands. |
| held personally liable. You might lose the lawsuit | | | | |