Nevada Corporate Services

Maintain Control of your Empire with Business Incorporation

You may know that business incorporation makes a great deal of sense in terms of legal protection and tax liability. Did you know however that there are thirty different types of business entities to choose from when incorporating a business?

Decisions, Decisions

The decision of whether or not to incorporate a business is a simple one – it is definitely a step one should take. Incorporating a business means protection of one’s personal assets should the business run into hard times, or should someone decide to sue for any reason. The decision on how to incorporate a business – i.e., what specific kind of business entity to form – is a bit more complicated, however.

In fact, the type of entity you will form when incorporating online will depend on a number of factors:

- How large is the business?

- Will you run it yourself or with one or more partners?

- How will you finance (capitalize) your operations?

- How will tax liability be handled?

- How do you plan to distribute profits?

- Do you anticipate educational, health care and/or travel expenses?

The answer to these questions will determine how best to proceed when you incorporate a business.

Different Entities, Different States

Other than Sole Proprietorship, a Limited Liability Corporation, or LLC, is the simplest kind of business incorporation. However, if you anticipate major growth and your business joins the proverbial “Big Leagues,” you may need to incorporate a business as an S-Corporation or C-Corporation. In these cases, you will have to relinquish some control, because state and federal laws require that a board be set up and written records of regular meetings be made.

Should you decide to capitalize the business by issuing stock, it gets even more complicated, because then you answerable to your stockholders as well as the Securities and Exchange Commission.

There’s also the question of which state is the most favorable to your particular kind of business – and you needn’t necessarily incorporate a business in the same state in which you physically reside, although you will need a representative agent in the state of incorporation.

Nevada Business Incorporation

While you could choose any number of corporate-friendly states in which to incorporate a business, we at Nevada Corporate Services believe there are many advantages to our state that you will not enjoy elsewhere. One reason relates to the “corporate veil.” This is the technical name for the protection of one’s personal assets afforded by business incorporation; when pierced, shareholders and corporate officers can be held liable for the debts of the corporation. Since 1980 however, the “corporate veil” in Nevada has been pierced on only two occasions.

Online Incorporation

This is only one reason for business incorporation in Nevada. At Nevada Corporate Services, we’ll show you how to incorporate a business and the best way to do it. You’ll also appreciate the speed and convenience of incorporating online.