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The Top 5 Common Mistakes People Make When Choosing a Corporate Entity!
#1. Allowing your chosen incorporation service to use the “cookie cutter” method. It’s your obligation – to your company, your success, and your future – that you demand the most personalized, attentive, cutting-edge service available. That means that if your service isn’t asking you tons of questions about your situation BEFORE you form your entity… is giving mealy-mouthed answers to your pressing questions… or is rubber-stamping your incorporation decision – you’ve been plunked down on the conveyor belt to disaster.
Don't risk making a costly, potentially devastating mistake. Click here to find out which critical factors you MUST consider before choosing an incorporation service.
#2. Using a service that relies on outdated, spotty research. You must be confident that your incorporation service keeps up on CURRENT research in EVERY area you need to consider before you decide whether an S-Corporation, C-corporation, or LLC is best for you. They should know the “ins and outs” of subjects like:
 How will the new LLC statutes about the Charging Order in Nevada affect your assets?
Can your LLC be pierced if you don't have a business license?
Why do states treat LLCs and corporations differently when it comes to piercing the corporate veil?
Can your business entity protect your assets in the event of a divorce?
If you form an LLC that operates outside of your home state, which state’s law determines your personal liability to creditors?
What are the liability standards for corporate officers, and how do they affect you?
How does an LLC manager’s protection compare to that of an officer of a corporation?
#3. Not knowing the application of Forum Law to "pseudo-foreign" corporations, and how LLCs differ. It’s essential that you know clearly whether or not you'll have the added protection Nevada offers.
#4. Overspending on unnecessary multiple entities, and not knowing when they really ARE necessary to protect your business. Cost is not the only downside to moving your assets into multiple entities. There are other factors that may or may not be important to you. Weigh the advantages and disadvantages of each situation BEFORE you make a final decision.
#5. Ignoring accounting and planning advice after you form your corporate entity. Remember…savvy business professionals know what their time is worth and focus on what they do best – and seek advice from the best… for the rest!
Research - Avoid the damaging, yet painfully common mistakes that 70% of those incorporating in Nevada make, over and over again. Learn why some “professionals” mistakenly advise against Nevada for all the wrong reasons – and leave clients like you exposed and vulnerable. (Sadly, you'll never know the truth… until it's too late!)
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