Here’s the common mistakes that people make when forming corporations and LLCs.
- Not having substance of being based in Nevada
- Not issuing stock
- Thinking a Nevada corporation alone is an asset protection tool
- Having a Nevada corporation without a business license
- Relying on privacy as your primary asset protection strategy
- Relying on Bearer Shares
- Not having an employee of the corporation
- Having an independent contractor take fringe benefits entitled to employees
- Not keeping up with changing laws and tax regulations
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