HOW TO PROTECT YOUR REAL ESTATE IN USA?
Please click to view 3 videos training from RICH DAD's lawyer: Garrett Sutton
Asset Protection By Garrett Sutton-Part-1
Asset Protection By Garrett Sutton-Part-2
Asset Protection By Garrett Sutton-Part-3
Monday 4 June 2012
(2012-06-04) "OWN YOUR OWN CORPORATION" IN USA
eBOOK "Own Your Own Corporation:
Why the Rich Own Their Own Companies and Everyone Else Works for Them"
By RICH DAD's law advisor Garrett Sutton
Chapter 4:
Using Nevada Corporations to Your Maximum Advantage and the Benefits of Multiple Corporation Strategies.
1) TAX FREE STATUS
Nevada has no state corporate or personal income tax. The state has no corporate share tax and no franchise tax. Businesses save hundreds to millions of dollars per year by being incorporated in Nevada.
2) CORPORATE FLEXIBILITY
Directors, offices and shareholders do not have to live or hold meetings in Nevada. Foreign nationals may own and operate Nevada corporations from outside the U.S.
Telephone meetings may be conducted by persons from around the U.S. or even the world.
One person may be all of the directors and officers. Directors and officers need not be shareholders.
3) UNIQUE CORPORATE STRUCTURING
Nevada corporate law allows for various classes of stock and debt, securities and voting restrictuions, rights and preferences to be included in the articles and bylaws. Some very flexible arrangements can be made for your debt and equity holdings.
4) FAVORABLE CAPITALIZATION
No minimum capital is required to incorporate. Shares may be issued for not only capital but also
for personal services, real estate, including leases and options, and personal property. A Nevada corporation may purchase, sell, hold, or transfer shares of its own stock. Nevada's corporate law features beneficial securities rules for the raising of capital.
5) MINIMAL FILINGS
The only annual filing required by the Nevada secretary of state is a list of the names and addresses of the officers and directors, along with a low annual fee $85 (The first year's filing fee is $340).
There is a state business tax $25/employee/quarter. If you have no employees in Nevada, this tax is only $25/year. No other corporate filings are required by the state.
6) LOW ANNUAL MAINTENANCE
The annual cost of maintaining a Nevada corporation is extrememly low. Our firm charges $125 to serve as resident agent, and a minimal fee $150 for preparing the annual minutes of shareholder and director meetings. The services are required to maintain your corporate formality and avoid piercing the corporate veil and personal liability.
7) COMPLETE PRIVACY
Nevada's corporate laws is that Nevada protects the privacy of individuals. It is the only state with no information-sharing agreement with IRS in the U.S.
If you do not want to be identified on the public record as an officer or director of a
Nevada corporation you do not have to be listed. Instead, you can use a nominee, a person
other than yourself, to serve as the director and all offices, thus maintaining your privacy.
Our firm provides an individual to serve in this capacity for $650/ year, your name will not appear on the public record.
N.B.
THE ABOVE MENTIONED AMOUNT WAS IN 2001 WHEN THE BOOK WAS PUBLISHED,
PLEASE CLICK TO VISIT THE FIRM WEBSITE AND CHECK THE LATEST PRICES.
http://www.sutlaw.com/nevada________________________________________________________________________________
Nevada is one of the best places in the United States to incorporate. Nevada has excellent asset protection and privacy laws, minimal reporting requirements, close proximity to the major California market, good road and air transportation connections and a business-related infrastructure that continues to attract major businesses such as Microsoft, Cisco, Intuit and amazon.com
The Sutton Law Center’s Nevada Corporation, LLC and LP formations are complete and include the following:
© 2011 Copyright by Sutton Law Center. All rights reserved
Why the Rich Own Their Own Companies and Everyone Else Works for Them"
By RICH DAD's law advisor Garrett Sutton
Chapter 4:
Using Nevada Corporations to Your Maximum Advantage and the Benefits of Multiple Corporation Strategies.
1) TAX FREE STATUS
Nevada has no state corporate or personal income tax. The state has no corporate share tax and no franchise tax. Businesses save hundreds to millions of dollars per year by being incorporated in Nevada.
2) CORPORATE FLEXIBILITY
Directors, offices and shareholders do not have to live or hold meetings in Nevada. Foreign nationals may own and operate Nevada corporations from outside the U.S.
Telephone meetings may be conducted by persons from around the U.S. or even the world.
One person may be all of the directors and officers. Directors and officers need not be shareholders.
3) UNIQUE CORPORATE STRUCTURING
Nevada corporate law allows for various classes of stock and debt, securities and voting restrictuions, rights and preferences to be included in the articles and bylaws. Some very flexible arrangements can be made for your debt and equity holdings.
4) FAVORABLE CAPITALIZATION
No minimum capital is required to incorporate. Shares may be issued for not only capital but also
for personal services, real estate, including leases and options, and personal property. A Nevada corporation may purchase, sell, hold, or transfer shares of its own stock. Nevada's corporate law features beneficial securities rules for the raising of capital.
5) MINIMAL FILINGS
The only annual filing required by the Nevada secretary of state is a list of the names and addresses of the officers and directors, along with a low annual fee $85 (The first year's filing fee is $340).
There is a state business tax $25/employee/quarter. If you have no employees in Nevada, this tax is only $25/year. No other corporate filings are required by the state.
6) LOW ANNUAL MAINTENANCE
The annual cost of maintaining a Nevada corporation is extrememly low. Our firm charges $125 to serve as resident agent, and a minimal fee $150 for preparing the annual minutes of shareholder and director meetings. The services are required to maintain your corporate formality and avoid piercing the corporate veil and personal liability.
7) COMPLETE PRIVACY
Nevada's corporate laws is that Nevada protects the privacy of individuals. It is the only state with no information-sharing agreement with IRS in the U.S.
If you do not want to be identified on the public record as an officer or director of a
Nevada corporation you do not have to be listed. Instead, you can use a nominee, a person
other than yourself, to serve as the director and all offices, thus maintaining your privacy.
Our firm provides an individual to serve in this capacity for $650/ year, your name will not appear on the public record.
N.B.
THE ABOVE MENTIONED AMOUNT WAS IN 2001 WHEN THE BOOK WAS PUBLISHED,
PLEASE CLICK TO VISIT THE FIRM WEBSITE AND CHECK THE LATEST PRICES.
http://www.sutlaw.com/nevada________________________________________________________________________________
Nevada is one of the best places in the United States to incorporate. Nevada has excellent asset protection and privacy laws, minimal reporting requirements, close proximity to the major California market, good road and air transportation connections and a business-related infrastructure that continues to attract major businesses such as Microsoft, Cisco, Intuit and amazon.com
The Sutton Law Center’s Nevada Corporation, LLC and LP formations are complete and include the following:
- All initial organizational filings with the Nevada Secretary of State (state filing fees are in addition)
- One-year of Corporate Direct member benefits
- One full year of Nevada resident agent service
- Preparation of Bylaws, Operating Agreement or Limited Partnership Agreement
- Initial Meeting Minutes
- Issuance of Stock, Membership Interests or Limited Partnership Interests
- Corporate Minute Book
- Corporate Name Check
- Instructions and forms for obtaining a Federal Employer Identification Number (EIN)
- Our $49 book, Bulletproof your Corporation, Limited Liability Company and Limited Partnership
© 2011 Copyright by Sutton Law Center. All rights reserved
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