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Corporate Opportunities

Corporate Opportunities

Does the Rule Apply to Real Estate? If you invest in and/or syndicate real estate what are the duties to your investors? You owe them a duty of loyalty. But how far does that go? The issue of corporate opportunities is important. I wrote a whole chapter on it (from...

Checkbook IRA

Checkbook IRA

A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments.

Piercing the Corporate Veil – How to Avoid It

Piercing the Corporate Veil – How to Avoid It

50% of piercing the veil court cases nationwide succeed because owners are failing to properly follow corporate formalities. This exposes business owners to personal liability - meaning they can lose their possessions. What is the Corporate Veil? What is the corporate...

Why Incorporate In Nevada or Wyoming?

incorporate in nevada or wyoming

NevadaNevada and Wyoming both offer excellent asset protection benefits and no state taxation. The corporate and LLC laws in each state are business friendly, and under the favorable laws directors, officers, shareholders, managers and/or members do not have to live or hold meetings in either state.

Both Nevada and Wyoming protect even single member LLCs via the charging order procedure, a key asset protection strategy.

How is each state different?

WyomingWyoming’s filing fees are less expensive on an annual basis, under $100 per year per entity versus nearly $400 for Nevada LLCs and LPs, and almost $700 for Nevada corporations.

Wyoming also keeps the names of LLC owners off their state’s website, which is an excellent privacy benefit.

Nevada, on the other hand, is the only state to extend charging order protection from LLCs to corporate shares. As such, many use Wyoming for LLCs and Nevada for corporations. Of course, everyone’s situation is different. But know that Nevada and Wyoming offer superior advantages when forming entities.

And we can qualify (or register) a Nevada or Wyoming entity to do business in your home state!

Whether you choose Nevada, Wyoming, or your home state of, for example, California, our formation prices are the same. The state filing fees vary from state to state, but our formation fees are equal, no matter what the state.

Design Your Asset Protection Plan

Design Your Asset Protection Plan

You design a lot of things in your life. The layout of your house, the flow of your business, the requirements on your children, and many more scenarios are all elements of conscious design. Asset protection is no different. There is an architecture, a cohesive...

Corporate Opportunities

Corporate Opportunities

Does the Rule Apply to Real Estate? If you invest in and/or syndicate real estate what are the duties to your investors? You owe them a duty of loyalty. But how far does that go? The issue of corporate opportunities is important. I wrote a whole chapter on it (from...