Who Should Incorporate?
Whether you're a small business owner with no employees or with hundreds, there is no greater way to protect yourself and your personal assets from the threat of lawsuits than by incorporating.
Incorporating is also a legal andsimple way to cut your taxes, lower your audit risk, increase your privacy, build credit, raise capital, and let you live the corporate lifestyle.
Roughly a million corporations are formed each year and the number is growing every year. Why? Because a corporation is a legal person created by state statute that can be used as a fall guy, a servant, a good friend or a decoy. A person you control... yet cannot be held accountable for its actions. Imagine the possibilities!
If you operate a business (even a home-based or part-time business), contemplate starting a business, wish to protect your personal assets or are thinking about estate planning, establishing a corporation can provide a simple and inexpensive foundation.
Can You Be Sued?
The average man or woman in the United States today experiences five lawsuits in his or her lifetime. The odds are that one of these is a devastating lawsuit.
You can and must safely shelter your assets from lawsuits before a lawsuit strikes. The law deals quite harshly with those who seek last-minute transfers of assets in an attempt to defraud creditors. What this means is that you must realize now that you can run into financial trouble.
You must recognize and come to grips with your own vulnerability. When you get this reality under your skin, only then will you have the sense of urgency necessary to take action to protect yourself from the virtually inevitable.
Most of those who have assets to lose occasionally consider taking action to protect their assets and lower their taxes. The reminder may strike around tax time or when a lawsuit or other tragedy strikes. However, the consideration often fades when the danger subsides. Then, the procrastinator is usually leveled with a financial blow that robs the individual of hard-earned resources. Do not let another day go by without establishing your own corporation or LLC.
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News & Updates
NEWS FLASH: Nevada now requires the Social Security number, date of birth, resident addresses, and telephone numbers of all shareholders, partners, officers, managers and members of all companies formed in Nevada on the state's business license. We bet they did not tell you that.
Wyoming state fees are 87% less than Nevada's. That includes the Nevada "hidden" officer filing fees of $125 that you learn about only after you start your company there, a fee Nevada will hit you within 30 days after you start your company! Oh, and the state business license fee of $200 per year, which was just doubled on July 1st, 2009! We bet they did not tell you about that "after-the-fact" fee either.
Wyoming has no business license fees or officer filing fees. This means we can deliver a quality company package for much less than you would pay in Nevada. And, your Wyoming state renewal fee is $50, in most cases, 84% less than what you will pay in Nevada. And, the nice thing about Wyoming is that is not the only reason to incorporate here.
NEW 2009 study shows Wyoming to be the most business-friendly, lowest tax state, of all 50 states...again.
