You now have access to important details about how to protect your safe assets in order to help you make an informed strategic decision. 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 safe assets.
1. C corporations are usually inappropriate for safe assets. Double taxation is an expensive lesson you don’t want to learn first-hand. Worse, if you are sued personally and you own the stock of the C-corporation, disaster could result. (This assumes that you already know that bearer shares really do not work.)
2. May a safe asset holding entity be based from Nevada, or must it also register (qualify) to do business in another state? (This is where you need to really understand multi-state taxation rules.) This is the same pattern in Delaware and Wyoming.
3. How do you transfer safe assets into an entity? (And if you don’t transfer them, what’s the point of setting up the entity?) Do you know the tax consequences? You will find out why a C corporation, from a tax perspective, is usually the wrong choice!
Zeroing in on your unique situation will help us determine together your best approach from both a tax and asset protection standpoint. There are several more issues that will come into play as well as you develop your safe assets, 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.
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This is just the tip of the iceberg of the help that this company gives. Talking to a representative was amazing, she was very informed and very helpful and I had not spent a dime. We are becoming Gold Members because you really can’t put a cash value on the time that this will and has already saved our business. Thanks for caring. K
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