nevada webinar scott 2010
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TRANSCRIPT
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#whyNVLearn How To Maximize The
Benefits Of Your Nevada Corporation Or Limited
Liability CompanySponsored By:
Laughlin Associates
Presented By:Scott Burnett
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#whyNVWho is Laughlin Associates?
Corporate Formation and Compliance CompanyCorporate Formation and Compliance Company
Small Business Consulting and EducationSmall Business Consulting and Education
Asset Protection and Income RetentionAsset Protection and Income Retention
Providing Business Solutions Since 1972Providing Business Solutions Since 1972
www.twitter.com/laughlinUSA
www.laughlinusa.com/blog
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#whyNVYou Made The Right Choice When You Formed a Nevada Corporation or LLC
Nevada has a number of outstanding attributes that
make it extremely attractive to entrepreneurs.
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• Stockholders, directors and officers need not live or hold meetings in Nevada.
• Directors need not be stockholders • In Nevada, one person can hold all positions in
a corporation.
Nevada: The Right Choice
Minimum Requirements:
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• In Nevada, liability stops with the corporation. You cannot be held responsible for lawsuits against your corporation except in the case of outright fraud.
Nevada: The Right Choice
Asset Protection:
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• No other state takes privacy as seriously as Nevada. In Nevada, there is no requirement for the names of stockholders to be filed with the state. Stockholders are anonymous - not a matter of public record.
Nevada: The Right Choice
Privacy:
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#whyNVIs Your Name On Public Record At The Nevada Secretary Of State?
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#whyNVNevada: The Right Choice
Nevada’s tax climate is among the least burdensome in the country. For that reason, Nevada is consistently ranked as having one of the most business friendly climates in the nation.
• Inventory tax• Tax on corporate shares• Gift tax• Business income tax• Estate tax• Franchise tax
Tax Climate:
NO!
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Are You Maximizing The Benefits of All Nevada Has To Offer?
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#whyNVStructure and Strategy
Start Using Your Nevada Company For Asset Protection
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#whyNVStructure and Strategy
NEVADANEVADAMAKES A LOAN
INTEREST PAYMENT
The Nevada company loans money to your business. The Nevada company gets the capitalization from you. The Nevada company wants your personal guarantee for the loan. Your Nevada company now becomes a priority creditor over your business and you. The interest payment is a business deduction!
EXAMPLE
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#whyNVStructure and Strategy
The Nevada company does not buy the house. The Nevada companymakes the down payment via
capitalization from you!
EXAMPLE WITH REAL ESTATE
NEVADANEVADAMAKES A LOAN
INTEREST PAYMENT
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Are You Meeting The Legal Requirements Of A Nevada Entity? Failure To Do So May
Cause Legal And Tax Challenges.
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#whyNVCan You Show You Have A Legitimate Presence in Nevada? Physical Address
Business License Phone Number & Listing Bank Account 3rd Party Transactions
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Meeting The Legal Requirements-Corporate
Veil Protection
Are You Maintaining Your Corporate Records?
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#whyNVHave You Issued Stock In Your Nevada Company?
Are You Documenting The Separation Between Your Personal And Business Assets?
Have You Documented All Fringe Benefits?
Did You Hold A Formal Meeting To Approve Your Board Of Directors?
Have You Documented And Approved All Loans In And Out Of The Company?
Have You Read And Follow Your Companies Bylaws Or Operating Agreement?
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Laughlin Associates Provides:
The Nevada Headquarters Program
Educational Seminars
Networking Opportunities
Monthly Newsletters
Unlimited Consultations
Access to a Network of Legal and Accounting Professionals
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Laughlin Associates Products and Services
• Corporate Formation• Limited Liability Companies• Educational Seminars• Corporate Compliance Assistance• Business Credit• Aged Corporations• Family Limited Partnership• Resident Agent Service• Trusts• Publications and DVDs
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Thanks For Attending The Why Nevada Webinar. You Will Receive a Complimentary Copy of the Why Nevada White Paper.
How to Maximize the Benefits of Your Nevada Corporation or LLC
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