Tips on Forming the Best Entity for Your Business!

I wanted to give you more detail to help you make an informed strategic decision about how to protect your business. There are several points to keep in mind which will help us determine the best plan for you as we help you form an entity (or entities*) to protect your business:

1. If you want to form a separate legal entity for your business to avoid as much personal liability as possible, incorporate in Nevada and foreign register.
2. If you’re concerned about losing control of the stock ownership of your business due to an unrelated, personal lawsuit, operate with an LLC. (Just make sure it’s taxed correctly for your situation.)
3. Be sure to form your entity before:
   1. Signing a contract or lease;
   2. Hiring employees;
   3. Advertising your business;
   4. Opening a bank account;
   5. Obtaining your business license.
4. Avoid as many personal guarantees to your vendors as possible. The less you tie up your personal assets in your business, the better!

Zeroing in on your unique situation will help us determine your best approach together, from both a tax and an asset protection standpoint.  There are several more issues that will come into play as well as you develop your business, all of which we can expand upon when we talk again.  NCP’s ultimate goal is to help you avoid the costly mistakes we see made time and time again by sadly misinformed people.

Armed with this information, the next step is simple! Call us today at 1-888-627-7007, and together we can tailor-fit the perfect solutions for your situation and continue your incorporating process, moving you toward the future of your new business/entity and help your business get off to a fast start to profits!