You’ve seen or heard the ads. Companies spend millions of dollars to convince business owners that Nevada incorporation is the panacea for all of their ills, from tax savings to shelter from Armageddon. But the problem with their claims is that some are simply not.
If you are a business owner looking to save money, the Silver State can look like a great place to move your money. And it is, for some business owners.
What are key questions your incorporation company should ask you before they set up your corporation?
If they don’t ask you what you do for a living, or how much money you are making, run in the opposite direction because they are not looking out for your best interest.
Here are eight questions that your incorporating company should ask you before you incorporate in Nevada:
1. Do you need a license in your industry or profession?
2. Do you have an office or physical location?
3. Any employees?
4. Do you need to warehouse your product?
5. Do you need all the money you are making to live on?
6. Is your business going to make a profit or loss the next few years?
7. Do you have a part or section of your business that is not dependent on being in a specific geographic location-i.e. Internet business, purchasing, etc.
8. Are you willing to do the extra paperwork and take care of the expenses involved in running a secondary corporation, if necessary?
The business has to be a legitimate business, with a Nevada office, bank account, and business license. Depending upon the type of business, it may be beneficial to set up a Nevada corporation.
For instance, let’s say you have a brick and mortar business such as a retail shop in another state. You do 30% of your sales over the Internet and 70% through your shop. If your income is not geographically specific, like the part of your income that you receive from the Internet, it could be worthwhile to make that 30% in sales the reason for setting up a Nevada corporation.
For more information, go to the website at:
http://www.cc4yourco.com or call Bonnie Simon at Corporate
Credibility, LLC at 1-877-209-0450 for a no charge business evaluation and assistance in selecting the correct entity for your corporation.
