Corporations have different legal advantages as well. Here are some to consider if you are going to incorporate in Nevada. Simple Corporate revival procedures. Efficient, predictable Business Court minimizes the costs and risks of business litigation. Amendments may be filed with delayed effective dates. Entities formed in other states may be converted into Nevada entities …
Category Archive: Business Information
Dec
12
S-Corporation: Definition and Tax Advantages
Tax Advantages to forming an S-Corporation. In any S-Corporation, only the earnings actually paid out to an owner as compensation for services are subject to payroll taxes. Any money left in the business for reinvestment or distributed to the shareholder as a dividend is not subject to payroll taxes…and not subject to self-employment tax. S-Corporation …
Oct
08
What is a LLC?
Limited Liability Companies (LLCs) have been featured prominently in the news for the last few years, and with good reason. Why is this? Whereas traditional companies have some short-comings for the business owner, LLCs offer a solution that is appropriate for many. One way to define an LLC is as a merger of the partnership …
Aug
19
Frequently Asked Questions
Regarding the Nevada Business License Fee Frequently Asked Questions What is the State Business License and who is required to file? State law requires that every person or entity doing business in the State of Nevada obtain a business license annually. A business that meets the criteria shall not do business in the state of …
Jul
10
Charging Orders
Pursuant to Nevada law (NRS 86.401) a membership interest in an LLC is not subject to attachment by a creditor because of the so-called charging order limitation. The charging order limitation provides that a creditor cannot reach a debtor’s interest in an LLC. The creditor’s remedy is limited to a lien against the distributions from …
Jul
09
2009 Legislative and Process Changes
Charging order Changes (Senate Bill 55) – Changes were made to the charging order provisions regarding number of stockholder requirements and the rights of assignees and the preclusion of a judgement creditor from participating in the management of a corporation or becoming a director of a corporation. While this will have no effect on the …
