Frivolous Lawsuits

Frivolous lawsuits are getting more and more common place. It seems more and more people want to make their money off of suing other people. And of course their is always an attorney standing by to help them. Who would have ever imagined McDonald's being sued for people getting fat or for coffee being too hot! Fortunately big companies such as McDonald's have attorneys on staff and are able to afford to defend themselves against such things. Do you have the money to afford it? You do not need to! With asset protection put into place before hand you can rest easy that everything you own is safe and secure. Call us today to discuss how. 775-577-4822

Asset Protection

I don't need to plan any asset protection. I have my will and I don't have enough for anyone to want to sue me. Have you heard that before? Have you said it? How about family and friends? It really doesn't matter how much you have any more. Someone will always have less then you and thus you are a target for a real or a frivolous lawsuit. Even if it is frivolous it doesn't mean that you are not going to lose! And even if you win how much will you have spent on legal fees? Thousands, tens of thousands? Call us today at 775-577-4822 and let us show you how to protect what you have worked hard to earn.

Nevada Day

Nevada celebrates the day that it became a state. I am not sure if any other states do that. If you happen to hear of any please let us know. Anyway Nevada came into the Union on 10/31 - Halloween. When we first started in this business 16 years ago Nevada Day was celebrated on Halloween. On Nevada Day everything that is State shuts down. This includes the Nevada Secretary of State. Now that the politicians have become involved Nevada Day has been changed to the last Friday of October to make a 3 day weekend.

This means that tomorrow we will not be able to file and Corporations, LLC's etc. I know many of our competitors will be closed on this day but we will be open (although with a limited staff). So please call us with all of our questions and Nevada Incorporation needs. 775-577-4822

Name Availability Part 3

This is a following up to Part 2 of Name Availability do's and don'ts. In addition to dropping all endings you should make sure that you drop and words that appear as endings. For example if you utilize Nevada Resident Agents Company, LLC you would drop the Company and the LLC because that is what the State will do when comparing name to see if they are too close or not.

An extreme we saw the other day was a client who wanted Magicorp LLC. The State said that was too close to Magi, Inc. They were dropping the corp and the LLC. This will not happen all of the time but it is not worth the delay to try it. Please call us with any questions 775-577-4822!

Name Availability Part 2

When searching on the Secretary of State of Nevada's website for name availability it is better to leave off the ending of the company name you are searching. For example if you want the name Nevada Resident Agent, Inc. leave the Inc. off when performing the search. The reason for this is that the State considers all endings to be the same. Therefore an ending of Inc. is the same as LLC and Corporation etc.

Many people prepare their own articles and check the name only to have us call and tell them that the name they chose is unavailable because their is a similar name with a different Corporation/LLC ending.

If you have any questions please contact us at 775-577-4822.

Lawsuits

What if you're sued?

When we first started doing this 16 years ago the studies said that 1 in 4 people will be sued. Now that number is at 1 in 3 will be sued. It does not say that then could be sued it says 1 in 3 WILL be sued.

According to an articles in the Wall Street Journal - This is one of our big fears. Over 80% of Americans believe there are too many lawsuits, according to a 2006 survey undertaken for the U.S. Chamber Institute for Legal Reform. An earlier survey, conducted for insurer Fireman's Fund, found that 67% of homeowners were concerned they might personally be sued.

It is too late to start protecting your assets after the lawsuit has started so call us today to put into place your asset protection and save what you have worked so hard to get. 775-577-4428

Choosing a Nevada Resident Agent Part 2

Another item you may want to find out about when selecting your Nevada Resident Agent is how they handle the renewals. The Secretary of State of Nevada sends out the renewals 3 months ahead of the renewal date. So the first item you need to ensure that your Resident Agent will send you that renewal.

The second item you should find out if if they do anything other then just send you the renewal. With the renewals being sent out 3 months ahead of time many people will put it to the side thinking that they will take care of it when it gets closer. As usual many times that "later" never occurs because you forget about it. You need to find a Nevada Resident Agent that will remind you when the date is approaching.

At Silver Shield Services, Inc. we send out your notice 3 months ahead of time and then with 2 weeks to go we begin calling those who have not returned their renewals. This ensures that you can renew in time and not incur the State $75.00 late fee. Call us at 775-577-4822 to set up your Nevada Resident Agent service today!

Choosing a Nevada Resident Agent

It is very important they you carefully chose your Nevada Resident Agent and clarify what they will and will not do as part of their service. We have had many people call us over the years and tell us that their current Nevada Resident Agent did not send them their renewal List of Officers. You can imagine the problems this can cause. Many of these companies were in default or revoked when they called us. When we asked why they were not notified the customer told us that their last Nevada Resident Agent said they had not paid for mail forwarding.

At Silver Shield Services, Inc. we will forward all official mail from the Federal Government and the State of Nevada and 1 bank statement per month as part of our low $80.00/yr Nevada Resident Agent fee. Call us today at 775-577-4822 to set up your account today!

Nevada LLC Taxation Part 2

We previously discussed the 4 different ways your Nevada LLC can be taxed. The single entity requires a little more in depth discussion. The IRS considers a single entity LLC to be either a single person or another entity. For the purposes of taxes the IRS considers a husband and wife as a single entity. If you are a single entity they want you to file the LLC return on your personal return. This can be a positive or negative feature. In the positive it will cost you less with your accountant. A very big negative could be that you will now pay self employment taxes on everything you made. That could prove very costly. Make sure prior to forming your Nevada LLC that you have discussed everything with your accountant to ensure that you are structuring yourself so as to minimize your taxes.

Nevada LLC Taxation

If you chose to form a Nevada LLC you will need to determine how you would like to have it taxed when you apply for your EIN. You have the following choices:

1. Corporation - C Corp
   
2. Corporation -S Corp
   
3. single member entity
4. partnership

Each of those choices has different tax implications for you. They range from flow through income to potential for double taxation. So prior to starting your Nevada LLC you should contact your accountant and determine which way would be best for you.

Incorporate in Nevada

Well, 2006 has certainly gone by fast. If you are anything like me you have put off doing everything you said you needed to do at the beginning of the year. Unfortunately for many that was putting into action your plans of asset protection and tax reduction strategies. Their is still some time left! But you need to get started now! With proper strategies involving Nevada Corporations and Nevada LLC's you can rest comfortably over the holiday's knowing that you have reduced your taxes and protected your assets. Give us a call at 775-577-4822 so we can help you implement your plans today!

Shelf Corporation

We offer a wide variety of Nevada Shelf Corporations and LLC's for sale. They range anywhere from a couple of months old to 5+ years old. We do not publish a list of our shelf companies on our website because we do not think this is a very good practice. If we published all of the names and age then a record would be out there that lets everyone know that your company is not really as old as you profess when you start to use it. This would ruin everything you are trying to accomplish. If you need a shelf corporation or llc please give us a call 775-577-4822 or drop us an email staff@shieldcorp.net and let us know what you are looking for and we will assist you in every possible way that we can.

Incorporate in Nevada Affiliate Program

Over the years we have always paid referral fees and we have appreciate the numerous referrals that we have received. Due to the increase in referrals and the requests that we have had we have decided to start an affiliate program. The affiliate program will be starting in the next couple of weeks. Please keep checking back to our website to see when you will be able to sign up and start making money. We will be paying referrals on everything including but not limited to Resident Agent, Corporate Kits, Nominee Officer and office packages (virtual offices). We look forward to writing you checks!

Nominee Officer part 2

If you are thinking about utilizing a Nominee Officer it would be best to decide on this prior to filing the Articles of Incorporation. Many people prepare their own articles and place their name on the Articles of Incorporation or have their incorporation company do so. They then decide later that they need a Nominee Officer so they obtain one and place them on the Officer List. The problem with this is that their name is on Public Record. It will not show up on the Secretary of State's website because they were not an officer but it is still on the original Articles of Incorporation which anyone can obtain. This could very damaging if the company was used for asset protection. If you are thinking about utilizing a Nominee Officer please give us a call 775-577-4822 or send an email staff@shieldcorp.net so that we can help ensure that everything is done correctly.

Nominee Officer Bank Accounts

For a wide variety of reasons people chose to utilize a Nominee Officer for their Nevada Corporation and/or Nevada LLC. After choosing to utilize this service you need to determine if you want to open a bank account in your own name or if you want the Nominee Officer to open and maintain the account. Just because you have a Nominee Officer does not mean that the Nominee Officer will open a bank account for you and turn it over to you.

We can assist you in 1 of 2 ways:
1. We can help you open a bank account in your name
2. We can open the bank account and manage it per your instructions. Please call 775-577-4822 to discuss this in detail.

Change of Resident Agent part 2

In a previous blog we discussed the ways to change your Nevada Resident Agent to Silver Shield Services, Inc. What we did not cover was the cost to do so. The cost with the Nevada Secretary of State to file the "Change of Resident Agent form" is $60.00. This is a State fee not our fee. However we will pay 1/2 of this fee ($30.00).

This will make your 1st year Nevada Resident Agent fee only $50.00 and a total of $110.00 with the Change of Resident Agent fee. This combined total is less then most other companies Nevada Resident Agent fee! Call us and we will prepare the necessary forms to change your Nevada Resident Agent to Silver Shield Services, Inc. today!

Nevada Resident Agent List

A not so well know fact is that the Secretary of State of Nevada’s Resident Agent List is a paid list. Many people look at this list and say that anyone on it cannot be a Nevada Resident Agent or Nevada Registered Agent – this is not true! Anyone who is willing to pay $500.00 to the state of Nevada will be included on the list. The State does not endorse or certify anyone on this list. Here is their disclaimer:

DISCLAIMER: The listing below is provided as a service. The Nevada Secretary of State does not endorse any particular Resident Agent. The office is not responsible for the accuracy of the website links or email addresses listed, nor for information supplied by the Resident Agents.

Office Package

Many people have their Nevada Corporation or Nevada LLC and do not have a presence in Nevada. By presence we mean an office, telephone, bank account and other evidences that in fact you are a Nevada Corporation or LLC and not just a sham. If you do not have this proof you really do not have the protection you think you have. At Silver Shield Services, Inc. we try to make sure you have everything you need to accomplish your goals of protecting assets and reducing taxes. It does cost a little more to do it right (maintaining your Office presence or package), but in the long run it is worth it.

Time to Incorporate 2

If you do not want to wait for the normal processing time (see previous blog) for the incorporation of a Nevada Corporation, LLC or other entity the Secretary of State of Nevada does offer a solution. They have a 24 hour expedite. The cost for this is $125.00 and our fee is $25.00. This guarantees that the company will be formed in 24 hours but does not guarantee that we will receive it back within 24 hours. They do reserve the right to not be done within 24 hours if circumstances prohibit it. This occurs every year at the end of the year as everyone rushes to get an incorporation date of the current year.

Time to Incorporate

The time it takes the Secretary of State of Nevada to approve the submission of your Nevada Corporation or Nevada LLC varies throughout the year. Over the past year it has gone anywhere from 2 days to 3 weeks. The amount of time depends upon the number of Nevada Corporations or Nevada LLC's currently waiting for review for approval. Currently the State is taking about 1 week to process the paperwork for a Corporation or LLC. To find out how long it is taking when you placing your order please give us a call at 775-577-4822 and we can discuss the options available to you.

Name Availability

Determining if a name is available for your Nevada corporation or Nevada LLC is a simple matter. Many of our competitors try and charge for this service or advertise that they will give you this service for free if you utilize their services. Don't be fooled by this. The Secretary of state offers free name availability on their website. Just type in the name choice you have in mind and click on search. If you do not want to do this yourself please give us a call at 775-577-4822 and we will assist you.