Form Your Own Nevada Corporation
Save on State Taxes and Be Judgment
Ever since I wrote the Lawsuit and Asset Protection Kit people have been
asking me about the benefits of a Nevada corporation and how they can actually
form one. A corporation in itself is a major asset-protection and tax-saving
device and is used by businessmen and investors, but a Nevada corporation goes
several steps further in conferring these benefits. It would be a folly not to
investigate and take advantage of Nevada corporation statutes in your overall
asset protection strategies.
Most people who incorporate do so for one or more of the following reasons:
shielding their personal assets from liability; tax benefits; personal and
financial privacy; and flexibility in management and control. Although you can
get these benefits in some degree in any state, Nevada surpasses them all.
Nevada has laid out a welcome mat for businesses and investors.
A New York City cab company has formed 50 Nevada corporations, one for every
two vehicles in its 100-taxi fleet, thereby limiting its exposure to the value
of two vehicles at the maximum. Many ski resorts employ the same strategy: a
separate Nevada corporation is formed for each ski lift, lodge and snack bar.
People with real estate holdings, such as rental properties and apartment
buildings, do the same; limit their liability by setting up multiple
corporations. This strategy not only works, but is very easy to implement.
So what are the specific advantages of incorporating in Nevada?
First, Nevada is one of only four states with no corporate income tax.
Contrast that with California, for instance, which has a state corporate tax of
$800 per year. Arizona has a tax of 9.3 percent and New York weighs in with 9
percent and a minimum of $800 per year. (New York City imposes an additional
8.85 percent corporate tax.) Even Delaware has a corporate tax of 8.7 percent.
More important than tax savings, Nevada offers something that every
businessman and investor craves, which is privacy. Privacy is the best insurance
you can buy against lawsuits: the less people know about your assets, the better
off you are. It is no coincidence that people without significant assets do not
get sued nearly as often as those who are perceived as having "deep pockets."
It is for this reason than no other that you should consider forming a Nevada
corporation. Nevada gives you the anonymity that no other state offers. You and
your assets can stay hidden from the prying hands of an attorney with a glint in
his eyes. This attorney isn't going to get any help from the state. If you know
the law and learn to take advantage of it to structure your affairs, it can be
virtually impossible to uncover your ownership in a Nevada corporation or its
I could go on and on, telling you about other benefits that a Nevada
corporation offers you, such as liability protection, extremely limited
disclosure requirements, prohibition against information sharing with the IRS
and a great deal of flexibility in managing and controlling your business in
But what I've done is put together a Form Your Own Nevada Corporation Kit
that lays out step-by-step your entire strategy of forming a Nevada corporation
and taking advantage of its laws to protect your hard-earned assets from
vexatious litigants, judgment creditors, gold-digging attorneys and overzealous
taxmen. If you have spent a lifetime accumulating your nest egg, you should
spend a few hours devising a way to protect it. The Kit includes forms and
instructions you need to set up your Nevada corporation and keeping it in full
compliance with properly-prepared articles of incorporation, bylaws, and minutes
and resolutions of the directors' meetings.
And as always, your satisfaction is guaranteed. If you feel the Kit isn't for
you, simply return it for a full refund. Act now before it's too late.
P.S. Nevada corporation could be the ultimate weapon in your asset protection
armor. Most attorneys would charge hundreds of dollars to set up a Nevada
corporation, something you can do entirely on your own for only a fraction of
the price. And believe me, they won t tell you the strategies I've revealed in
this Kit to make yourself judgment proof.