Hidden ways of protecting your assets and minimizing your liabilities, revealed.

I am no corporate Guru but I do work for a whole team of them at Nevada State Corporate Network, and I stayed at a Holiday Inn Express last night, lol. I think most people are just like I am and possibly like you may be at times: they start to think about what they could do with a corporation, and that's the end of the ballgame. The word "corporation" is like the name "trust" or "conglomerate", it makes people think, "What could I do with that? I'm not even sure what it is, what it does, or how it relates to me." a corporation is a legal entity; it has a unique name and number a (tax ID number). You are a legal entity too, you have a unique name and identification number, your SSN.

Now that we know what a corporation is, lets see who fits the bill. First, you need to ask "what are my overall liabilities", then "do I have assets I want to protect?", finally "would incorporating benefit me from a tax perspective?". Well, I say to do all these things, but really who should incorporate?
Well, if you're in a business or profession where you interact with people, clients, or businesses you should incorporate. If a business deal goes sour, or if a mistake is made in handling a customer's request or business, then the first reaction today is to sue. Anyone in a potentially hazardous business, such as contracting, excavating, heavy equipment operation, Owner/Operators of Big Rigs should incorporate. Those involved in joint ventures or partnerships may consider incorporation as well. If you're in business or going into business, the time to incorporate is now, actually yesterday would not have been too soon. If a lawsuit comes tomorrow, the amount of money you spend to incorporate will seem like peanuts. We give free information from our website about incorporating a business in NV.

Now that we're firm on incorporating, why on earth would you incorporate in the Silver State, Nevada? I'll list the reasons below: