Nevada Corporations Scams

[RoomService]

Many groups sell Nevada corporations as the “ultimate” asset protection device. Indeed, some groups even sell franchises that allow the average Joe with no experience or training to become an “asset protection consultant” nd start selling Nevada incorporation services to their buddies.
The Pitch

The pitch of these groups is usually the same and focuses on Nevada allowing bearer shares and having a higher degree of secrecy and privacy. The claim is made that since the corporation has bearer shares that nobody can know who owns it. This is enhanced by the fact that Nevada gives some protection to the identities of the ownership of the corporation.
​

The Truth

While all this sounds good, it does not mean that the owners of the corporation can be kept hidden or that the corporation will offer special protections to either the owners of the corporation or the assets held within it. Indeed, as will be shown there are absolutely no advantages to using a Nevada corporation for somebody living outside of Nevada, or who get sued in federal court. Even within Nevada, the special benefits offered by the Nevada corporation are highly questionable.
Additionally, those who sell Nevada corporations do not fully disclose the tax effects of what they are selling – which is not surprising since they usually do not understand those tax consequences themselves (and have no education or worthwhile training on these subjects). Thus, somebody who purchases a Nevada corporation from one of these so-called “asset protection consultant” groups is probably putting themselves at risk of doing something that will unnecessarily cause them taxes down the road.



You can read more here.



http://www.quatloos.com/traps/nevcorp.htm
​

 

[Louis Koo]

interesting

 

[Lick]

Many groups sell Nevada corporations as the “ultimate” asset protection device. Indeed, some groups even sell franchises that allow the average Joe with no experience or training to become an “asset protection consultant” nd start selling Nevada incorporation services to their buddies.
The Pitch

The pitch of these groups is usually the same and focuses on Nevada allowing bearer shares and having a higher degree of secrecy and privacy. The claim is made that since the corporation has bearer shares that nobody can know who owns it. This is enhanced by the fact that Nevada gives some protection to the identities of the ownership of the corporation.
​

The Truth

While all this sounds good, it does not mean that the owners of the corporation can be kept hidden or that the corporation will offer special protections to either the owners of the corporation or the assets held within it. Indeed, as will be shown there are absolutely no advantages to using a Nevada corporation for somebody living outside of Nevada, or who get sued in federal court. Even within Nevada, the special benefits offered by the Nevada corporation are highly questionable.
Additionally, those who sell Nevada corporations do not fully disclose the tax effects of what they are selling – which is not surprising since they usually do not understand those tax consequences themselves (and have no education or worthwhile training on these subjects). Thus, somebody who purchases a Nevada corporation from one of these so-called “asset protection consultant” groups is probably putting themselves at risk of doing something that will unnecessarily cause them taxes down the road.



You can read more here.



http://www.quatloos.com/traps/nevcorp.htm
​

Great post RS! People should always educate them selfs with as much information as they can. Me, I love Delaware and before any body was talking Nevada Delaware the Corp. to have.
http://corp.delaware.gov/
Stay up people!!!

 

[Zyin]

good links

 

[Lucky7s]

Props.