Entrepreneurial Spirit

In these difficult economic times all of us will be required to push harder and work smarter. We may find that the ways we were making money before the financial storm are no longer adequate. This is an opportunity to no longer let our work lives idle. Just as we have learned to make our financial resources stretch further, we can also stretch our repertoire of skills to increase our productivity. In fact, these are times of abundant opportunities. All we have to do is recognize them. Entrepreneurs are too busy to sulk. They do not get trapped in the nets of politics and market fluctuations. Entrepreneurs recognize their surroundings.

Instead of worrying about the future take action in the present to ensure your businesses learn, adapt and survive, no matter what kind of situations are thrown at them. While others are worried about drowning, the entrepreneurial spirit is busy taking action to keep from drowning. Worrying will not keep you from drowning, but the action of kicking and swimming certainly may.

We must strive to remain active in the uncertain times. This will not only keep us acquiring and fine-tuning new skills, but it will also keep us in the frame of mind that indeed can adapt to our surroundings and possibly excel in such hard times. We need to no longer buy into the effortless "get-rich-quick" schemes, but rather prepare ourselves for the hard work necessary to become successful when the economy is recessed.

Nevada Disclosure Requirements

Nevada may have the simplest, and most favorable disclosure requirements. A one page form requires the disclosure of the President, Secretary, Treasurer, and at least one Director of the corporation. Since Nevada allows for a one-man corporation, the name of the same individual may be used in each instance. No other information is required.

Although that list is then filed annually, the Nevada corporation is not required to file a list of officers and directors more frequently than on an annual basis, even if there is a mid-year changing of the guard. The corporation is not required to keep any officer or director for the entire year. They can be removed from office and replaced at any time.

Corporate Formalities

The law mandates that Corporations and LLC's provide limited liabilty protection to shareholders, officers and directors as long as you keep yourself separated from the business entity. To keep your protective limited liability you need to maintain record keeping formalities. Without proper record keeping formalities the court will not treat your business like a corporation. If you do not have an annual meeting, issue stock and other formalities you are not a corporation. The statues of the State of Nevada require that the records of our corporations or LLC's be kept in written form. Therefore, you must have a corporate record book containing the correct format to comply with state statues. Silver Shield Services, Inc. can provide this record book and help keep you on track. Give us a call @ (775)577-4822 for assistance.