PRIVACY

For many clients, guarding their personal privacy is the primary issue in their financial life. It seems in our society so bent on litigation, identity theft, and lawsuit the less people know about your assets the better. For a real scare Google "asset search". For a paltry amount there are hundreds of companies that access national data records including credit reports, FBI files, court records, driving records, property records, bankruptcy, leins, judgements, arrest records, military records, unlisted phone, cell numbers and on and on. In hours, anyone can know more about you than you do. If there is an option available to not reveal information that we don't have to, we are foolish not to choose it! We here at Silver Shield Services, Inc. have many strategies to help you obtain your privacy goals.

Initial List of Officers/Members

Once your Nevada Corporation is registered with the Secretary of State an Initial List of Officers must be filed by the last day of the NEXT MONTH AFTER INCORPORATION otherwise the State will assess a late fee. You will also need an Employer Identification Number. If you would like our assistance in obtaining you EIN please let us know. We stand ready to serve you, so if you have any questions concerning these or other proceedures please feel free to call 775-577-4822.

Articles of Incorporation

According to Nevada State law officers and directors of a Nevada Corporation may be exempt from liability for the lawful acts of the corporation, provided that this provision is properly stated in your Articles of Incorporation. Many times we see individuals producing their own Articles of Incorporation where we only act as resident agent. Often these articles do not contain the proper elements to fully take advantage of this important provision. We at Silver Shield Services, Inc. have the tools necessary to take full advantage of Nevada's favorable laws.

When Should I Incorporate

Usually, the "right" time for someone to incorporate was long before they thought about the question. There is no standard answer to the question, "when should I incorporate?," this usually depends on what your business has done in the past and what your future plans are.

Many business advisors recommend incorporating when revenue reaches a certain amount or tax savings justify incorporation. These perspectives greatly underrate the value of incorporation.

If you are concerned with financial privacy it is best to incorporte at the very beginning, if possible. Then the history of events does not lead to you, but instead to the corporation.

What value do you place on business risk? The fact an asset or activity exists under the corporate umbrella could save owners millions in liabilty and judgments.

Even from the revenue/tax perspective, there are other good reasons to consider incorporation. One of those reasons is that income is used to determine your tax liability as losses are deductions against your income. Most new companies are expected to initially have financial struggles or loss. New corporations can spend money in many ways that might otherwise be considered personal spending. The corporations startup expenses may include airline travel, retirement plan contributions, maintenance, health insurance, car leases, meals, and numerous miscellaneous items. As you build up your loss you can reduce or eliminate future taxes by using a tax loss carry forward.

There is much more to consider than just setting an arbitary income amount before you consider incorporating.