Avoid the Top Costly Mistakes Before and After Incorporating!

I wanted to make sure you avoid the top costly mistakes before you incorporate or form an LLC at the end of the year.

These blunders expose all of your assets, both business and personal, to costly liability.  Below is an invaluable summary of the most injurious mistakes we have consistently seen in our 12 years of helping companies just like yours, and what to do about them.

It amazes me to this day how so many continue to take short cuts, oblivious to these damaging missteps.  In times like these, it’s more important then ever to guard your assets and start your business on the right foot. Protection against dramatically increasing lawsuits, identity theft (the newest and biggest financial nightmare in legal history), and plain old procedural mishaps is quickly becoming “de rigueur” for every business owner.

Here are the Top Costly Mistakes to Avoid:

Forming an LLC and NOT knowing how it’s taxed (Are you a single or multi-member LLC?  Will you be disregarded for tax purposes, taxed as a partnership, a C-,or an S-corporation?)

Forming an LLC for real estate and NOT knowing how it should be taxed when you have dealer and/or investor property (Make the wrong choice, and be doomed to a life of unnecessary taxes.)

Forming an S corporation and NOT knowing the shareholder rules (Imagine discovering years later that you’ve violated an S corporation shareholder rule — and that you now owe years of expensive C corporation back taxes.)

Forming a C corporation to take advantage of fringe benefits when your business doesn’t fit the C corporation model (Can you spell nightmare?)

Forming an entity in Nevada and NOT knowing when — or why — you should foreign register (“Can’t you just get a mailbox?”)

NOT properly capitalizing the entity, and especially not being crystal clear with partners about your capitalization (A disaster waiting to happen!)

Forming an LLC taxed as an S corporation, and using the wrong operating agreement (A subtle, but effective nuance that must be handled properly)

AND MUCH, MUCH MORE!

If you would like to receive our FULL free report or have questions about your situation please give us a call at 1-888-627-7007.

Our free report, “Test Your Asset Protection And Business I.Q.” will alert you to exactly what those top 20 costly mistakes BEFORE and AFTER incorporating are, and what you can do to bullet proof yourself before they ever appear on your business horizon.

We’re standing by to make sure that you’re fully prepared for anything the fates can throw at you in the years ahead.