Bearer Shares Fact or Fiction?
News Update:
The Nevada Secretary Of State Has Prohibited
The Use Of Bearer Shares As Of June 2007!
For more details
See this link!
(Key Point: Our Research Shows That
This was NEVER a Major Benefit of Incorporating in Nevada)
Many Resident Agents in Nevada will promote Bearer Shares
as an advantage for incorporating in Nevada. They will tell you that
Corporations in Nevada have privacy and with Bearer Shares no one can
find out that you own this Nevada Corporation! They claim this is one
of the great ways to protect your assets… or is it?
How Bearer Shares are
Suppose to Work
Normally, when you fill out the back of a stock certificate,
you must print the name or the company name of who owns that stock.
Then you must record in the stock ledger the shareholder, address, date,
number of shares, and if it was an original issue or a transfer. Obviously
whomever the stock is issued to is the owner of the corporation. If
it is to the Bearer, then whoever holds that certificate, at a particular
moment, will thereby be considered the owner of the corporation. Some
companies claim you can simply hand off the certificate to a friend
before you go into court and "legally" say you are not the
owner.
The 7 Key Questions
You Need to Ask:
1. What are the consequences if you are brought into
court and the judge asks, "Who owns this corporation?" and
you state you have no idea?
2. What would happen if you controlled several C corporations
and were audited? Would you be able to pay 15% tax Federally on all
the C corporations with Bearer Shares?
3. What about gift taxes and Bearer Shares?
4. What was the most recent case in Nevada concerning
Bearer Shares?
5. How many Las Vegas Law Firms utilize this strategy?
6. What does the Secretary of State say about Bearer
Shares?
7. What could possibly happen in court if you professed
to have Bearer Shares?
Do you need TRUTHFUL, WELL-DOCUMENTED answers to these
and other key questions about entity structuring to know how to best
protect your assets, business and family?
Which State to Incorporate In?