Corporate Nevada tries to accentuate the positive but for protection it may be necessary to look at the other (negative) side of the issue to truly understand the importance. No one has a crystal ball that can predict every type of scenario but there are some negative consequences that happen so often they can be predicted with a high probability of certainty.

 

The Obvious

The most obvious negative consequence occurs when individuals don't incorporate and own assets or a business in their own names with no legal entity separation.  These individuals are easy prey for the legal system and are a "gold mine" for nefarious activities.

 

Ask any attorney what is the driving force behind a contingency lawsuit. Their honest answer will be that they can confirm in advance that there is a reasonable expectation of payoff for their clients and the attorney at the end should they prevail. It's about winning and getting paid, not about fair.

 

This is typically done by an asset search of the target; the individual who has assets and/or business in their name. In the new world of electronic information everything about an unincorporated person, asset or business can be known in a very short time for a reasonable fee. It has also opened the door for more nefarious activities such as identity theft, frivolous lawsuits, fake scenarios, scare tactics, etc.

 

USA TODAY reports "with unincorporated assets or business you're an easy target with up to a 94% probability of a lawsuit". There are over 50,000 U.S. lawsuits filed per month and the new information age was named as a contributing factor. Today more than ever, people need to incorporate for security, protection, privacy and more tax advantages. Protect the asset or business & remove the monetary motivation to sue.

 

The Not So Obvious

A much less obvious negative consequence occurs when people incorporate using self-help kits, forms, etc. with only a registered agent service. They thought they were protected only to find that in a legal or tax challenge that they were operating "Defacto Sole Pro" and have the corporate veil pierced. This can mean personal liability for all involved.

 

It is very frustrating to pay for incorporating services and then end up in the same (or worse) predicament as if you had never incorporated.  It's commonly known as "throwing good money after bad" as it is mostly a facade.  Additionally, you typically may run afoul of multi-state taxation laws and foreign registration as there will not be true Nexus in Nevada.

 

Just as a person can represent themselves in a lawsuit they can try to do their own incorporation. It's not wise to do either because it is not easy to do it right. Attorneys have a popular saying about those that try to do it themselves; "they have a fool for a client". Don't let this be you.

 

Corporate Nevada's full service is designed to alleviate these problems and Do It Right. With years of experience, legal and tax associates and a beneficial interest in client success, Corporate Nevada is the right and logical solution for all your incorporation needs if you want it done right.

Corporate Nevada ... There is No Substitute for "Doing It Right"