Nevada Corporate Planners

01/25/2023

Are Your Assets Protected Properly?

Would you like some help?

First, know this...

Asset protection is necessary to protect your wealth in today’s litigious world.

There are over 80 million lawsuits alone in the United States each year. Over $200 Billion in frivolous lawsuits every year.

We found a lady that has sued over 700 people during her lifetime.

Here are a few fundamental tips to protect your assets before we dive into the “sly like a fox” strategies.

First, separate your safe and risk assets. Your safe assets like gold, silver, stocks, and investments (that do not cause liability) should be in one entity, typically an LLC.

Your business should be a separate legal entity.

For many of you, forming a second entity for your business may make sense to further reduce your risk.

A separate legal entity should hold real estate outside your residence.

If you are upside down in that real estate, you may want to speak to your CPA about the tax ramifications of transferring your property to the LLC (there may be a taxable even in that situation).

The living trust will be the owner of the LLCs and complete your estate planning.

Other entities may come into play as needed.
The name of the game in lawsuits is to determine how much is likely to be recovered if someone goes after you and receives a judgment.

If you have nothing or appear to have almost no assets, there is typically a lesser motivation to go after you.

Your goal is not to appear appealing for someone to go after. Let them go after someone else, like all those operating as sole proprietorships around you that have a lot of assets in their living trust that does not protect from liability, only probate.

Privacy is not illegal. It is generally oversold as a must to protect your assets, and that is not the case. It is an extra step that can be beneficial.

Don't settle for a "starter" LLC offering zero personal assets protection.

At NCP, we understand the importance of a complete formation for your LLC or corporation that will stand up in court and safeguard your assets against potential legal attacks.

Our team is here to help you every step of the way, from incorporating in all 50 states to providing support to maximize your funding and profits with your new formation.

Don't wait, schedule a call with our team today and gain the clarity and confidence you need to take your business to the next level.

Click here to schedule your free business formation discovery call: https://calendly.com/scott_letourneau/free-business-formation-discovery-call.

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01/04/2023

Should you form a new LLC taxed as a corporation or disregarded in 2023?

Which is best for your situation?

Your operating agreement and taxation type must match.

When you work with NCP, you don't need to worry about asking the wrong questions.

Our team is here to help and will bring up questions you may have yet to think to ask.

If you need individual help, set up a strategy call with our CEO, Scott Letourneau, which will save you time and money in the long run.

Learn more at this link: https://www.nvinc.com/service/strategy-session-with-scott-letourneau/

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12/16/2022

[Time is Now] Sales Tax Registrations -1st Quarter of 2023.

Did you or your client's business cross more economic nexus thresholds in 2022 and now need to register in January?

Beat the Rush and Start that Process Now with our Comprehensive Sales Tax Registration Service at $125 per state + State Fees.

Our team will set up your tax accounts quickly so you can avoid unnecessary sales tax filing costs, simplifying the transition to filing sales tax returns.

We work with all the software and SALT firms as partners to help you file your sales tax returns and manage that part for you.

Separate fees. State fees are separate, and if the responsible party does not have an SSN, we charge a $10 separate fee to mail the applications if required by that state.

Let us help you with information overload and take over this manual, labor-intensive process from you.

Learn more at this link and get started (our sister brand) https://www.salestaxsystem.com/sales-tax-permit-registrations/

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11/23/2022

Now is the time to add another layer of protection to your business or protect your safe assets, which are not protected by your living trust or insurance.

This is our most significant savings of the year, and even if you want your new LLC or corporation to start at the beginning of 2023, you can lock in your savings now, and we can file the entity in December with a January start date.

The best part is how we will help grow and protect your business or assets and expand your e-commerce business with our new bonuses.

Remember, forming a new LLC or corporation to protect your assets will only do something if you have a complete formation.

Plus, all the work with capitalization, formalities, and membership ownership is key to protecting your personal assets.

Here are all the areas that NCP will help you with a complete formation and our bonuses that are included with our LLC and corporate packages:

Here is our Black Friday Special Offer and Our Profit Excellerator Bonuses to Grow and Protect Your New Business:

Save 25% on our two 50-state packages for U.S. residents (state fees are separate). Expires November 30, 2022.

Watch our overview video by our CEO, Scott Letourneau, below.

https://vimeo.com/772618907

Go to this link to get started: https://www.nvinc.com/complete-llc-and-corporate-50-state-formations/

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11/21/2022

End-of-the-Year Tax Strategy for a New Business Started in 2022 & Pro Level New Formation Strategies.

[Advanced New Video] that covers two key not commonly known strategies:

What needs to happen to write off expenses for a new business started in 2022 or a new one you will form now until the end of the year?

What elements do you need to implement correctly for a new formation BEFORE filing?

We guarantee there is at least one strategy you have likely never heard of before (if you sort for new distinctions vs. sameness).

Click on the link to watch my short video below to learn something new and impactful to protecting your assets going into 2023.

https://vimeo.com/773449038

Need support with a new formation? Book a discovery call with our team at https://calendly.com/scott_letourneau/free-business-formation-discovery-call.

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11/11/2022

An immense thank you to all the Veterans who dedicated their lives to protecting our freedoms during peace and war.

Thank you for your bravery, service, and sacrifice.

We are grateful for the freedoms you provided all entrepreneurs to start and grow a business to help their families have better lives.

11/09/2022

Do you know if your Amazon business is properly against claims?

Would you know what happens when a claim is made by one of your customers?

You can learn how with our guest blog post with a great Amazon insurance provider Spottme.com.

If you are in the U.S., Canada, UK, Israel, or anywhere in the EU, Spott is can provide insurance, and since they work with several insurance carriers, they can provide the best pricing for their clients. Spott is the only data-powered insurance tool that works with real-time data to provide a tailored offering.

https://spottme.com/blog/how-to-protect-your-amazon-business-against-a-property-damage-claim/

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Do you want to know how to protect your Amazon store against a damage claim? Read here to find out exactly how.

10/24/2022

If you are a foreign national living in the United States and you may not be in compliance with US tax rules, it is time to consider doing so.

The IRS looks much more closely at this situation with the new budget.

Failing to report taxable income properly could be a bar or impediment to obtaining immigration status in the United States.

US Congress will be giving the Internal Revenue Service (IRS) $79.6 billion over the next 10 years in an effort to put the agency back on the path to…

10/17/2022

Amazon Utility Bill Verification

Did you set up your Amazon.com seller account, and your account was not verified?

Because it was not verified, amazon is now asking for a utility bill to verify your address.

If that is you, here is what you need to know to reactivate your account and get verified:

What is the likely cause of why your account was not verified?

- Your business address on your account did not match your business formation and on your bank account.

This is the most common reason and could be as simple as the street address was not 100% identical. Perhaps on your legal entity, it said Ste. 221, but on your bank statement, it said Suite 221.

Other banking account statement issues include:

-Must be dated within the last 180 days
- Be in color (black and white not accepted)
- Must show transaction activity, but you can black out the transaction amount
-The name of the point of contact mentioned in the statement should match the name of a point of contact mentioned during registration.
- Bank logo, bank account number, address, point of contact (name of the person to contact on behalf of the business), and bank account holder name must be visible.

All these areas can cause a conflict, and your new Amazon account is not to be verified.

Now you are receiving a request for a utility bill to verify your business address.

Click on the link below to learn how to obtain an approved utility bill in the name that is on your Amazon account.

https://www.nvinc.com/amazon-utility-bill-verification/

10/10/2022

Are your assets protected properly now while the economy is still somewhat stable (which may not last long)?

If you have no assets, equity in your home, substantial investments outside a retirement plan, or business ownership, you likely do not need to take action.

If you do, keep reading.

See our key tips below with our asset protection blueprint on what you should look for to protect your business and personal assets, even crypto.

If you need support, visit this link to schedule a free evaluation call with our team.

If we cannot help, we are partnered with the country's top tax assets protection and tax attorneys and will provide the best resource.

https://calendly.com/scott_letourneau/protect-your-assets-evaluation-call

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10/06/2022

Are you looking to move out of your state to another state?

Besides moving your entity to another state, here is a great list of items to consider personally.

Nevada is a great pivot point if you want to form a new entity but may move to another state in 2023.

Is the grass always greener on the other side? Like any major life decision, deciding to uproot yourself (and potentially your family) and move from…

09/30/2022

Are you looking to launch a U.S. company for your clients?

Does your client's brand need full-service support to ensure you are protected properly in the U.S. and complete tax compliance?

We don't do simple LLCs loaded with IRS and state tax surprises; we only start with a complete formation.

The correct operating agreement and management structure are key. Managed by members, makes no sense.

If you need support, learn more at the link below.

https://www.nvinc.com/us-entity-formations-for-ecommerce-sellers/

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U.S. entity e-commerce formations with the proper U.S. tax structure are key. Book a call with our financial experts (since 1997).