Hey,
Anyone like to share their DD or thoughts on firms setting up Nevada Corp and the pros and cons for Nevada Corp in general???
poster
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Thread: Any DD on Nevada Corp
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12-01-2006, 10:00 PM #1
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Any DD on Nevada Corp
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12-01-2006, 10:21 PM #2
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Not very favorable. They do not believe in PIPS, thinking it is a Ponzi. I do have an account with them that has lapsed because of present income. Will switch when we start up again.
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13-01-2006, 12:38 AM #3
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There is nothing wrong with setting up a Nevada Corporation. Many of us have done that in the past. It is just another way to secure your assets.
Reasons for setting it up in Nevada:
No Franchise Tax
no personal Income tax
They do not share information with the IRS
Stockholders are not public record
no corporate income tax, no state income tax
You can use a nominee service so that Shareholders, VP are not public record.
It is hard to pierce you "corporate veil" which means your personal assets are not exposed in a corporate lawsuit
Nevada's law protects the rights of a small corporation
Hope this has helped, if you want more information feel free to PM me.
Mia
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