Costly Mistake Number 3:

Forming an LLC and having it managed by members instead of managers* (A sure way to lose flexibility and control)

Asset Protection and Business I.Q.

Question # 3: What is/are the benefit(s) of having your LLC managed by managers?

A) Many times you do not need to disclose the owners (members) in annual state reports
B) Managers have more authority than members
C) Members added in the future will not necessarily have a say in management
D) It looks more like a limited partnership
E) An operating agreement is not required
F) There are more tax advantages
G) All the above
H) A and B
I) A, C and D
J) C and E

* “Managers of an LLC” is defined as the person or entity that manages the day to day operations of the LLC.

Costly Mistake Number 4:
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.) Asset Protection and Business I.Q.
Question # 4: Who can be a shareholder of an S corporation?

A) A U.S. citizen

B) Another S corporation
C) C corporations
D) All LLCs
E) A living trust
F) All of the above
G) A, B and D
H) A, B and E

Costly Mistake Number 5:
Forming an S corporation when your company anticipates future value (There must be a better approach, and indeed, there is!)

Asset Protection and Business I.Q.

Question # 5: When is an S corporation NOT your best choice?

A) When you are considering investors for your business
B) When you are considering foreign partners
C) When the company will develop a great asset value
D) When you are going public
E) When you live in California
F) All of the above
G) A, B and C
H) A, B, C and D

www.nvinc.com For more information call 1- 877- 515 – 0505 (local 702-367-7373) today!

Scott Letourneau is the founder and CEO of Nevada Corporate Planners, Inc. Over the past 13 years NCP has assisted more than 5,000 business owners form LLCs and corporations to get their business off to a fast start to profits™! Questions? Call NCP at 1-888-627-7007. www.nvinc.com

11 of the world’s best internet marketers are coming to speak at World Internet Summit. There’s only a few seats left (every year it sells out).

But if you want the inside running on what’s workingand selling on the internet, you’ve got to be here.   In fact, there are 7 key reasons why you should attend.

Check them out here:
http://tinyurl.com/ScottLondon

I will be speaking also! Hope to see you there!

Scott Letourneau
CEO

Can you imagine discovering the world’s most powerful skill -  How to Create Your Own Internet Business!

Here’s a quick summary of why this event is unlike any other internet business event in the world.

• You’ll discover  exactly how to put your internet business on auto-pilot, so you can live on the beaches of Spain, on a yacht in the Caribbean or in a manor house in the English countryside, while working less than 10 hours a week.

• Come to our pre-event NEWBIES day, where you’re shown all the “baby steps” to design a website, start accepting money and much more. We’ve made it really simple to make money on-line, but if you’re still unsure you can do it, this day will show you exactly how simple it really is!

• You’ll have the opportunity to meet and talk with the worlds top internet business experts so you can grill them on any topic you desire.

• You automatically become a member of our exclusive Joint Venture Club where you’ll meet and keep in contact with experts (including copywriters, web designers and more) who can help your dreams come true.

• Watch live as we create and launch an internet business from scratch in front of your very eyes, while YOU watch the results. You’ll see how simple it really is, and we’ll give you the step-by-step process you can follow to do the exact same thing!

• Receive a special World Internet Summit Passport, to attend ANY World Internet Summit event as our guest, anywhere in the world over the next 12 months.

- AND -

• Walk away with over US$20,000 worth of products, complete with all the marketing materials you need to start selling right away!

STEP 2: Then if you like what you hear, learn LIVE in person by attending the World Internet Summit, July 23-26, 2009 in New Zealand.

Don’t miss this incredible opportunity.

Regards
Scott