NEVADA LLC • NEVADA ASSET PROTECTION TRUST

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Benefits:

In terms of “front end” risks (potential or actual risk which comes from conducting the business itself), a Nevada LLC offers excellent protection. Nevada’s LLC statute provides for a business entity that is very favorable to the business owner. For example:

• Nevada LLC's have few “formality” requirements: [No organizational or annual meetings required/No minutes required, Operating Agreement not statutorily required (though recommended in every case), single member LLC allowed, members may be corporations, other LLC's, trusts, LP's, LLP's, etc.)
• Nevada allows LLC owners the maximum ability to maintain anonymity
• A great deal of flexibility afforded to the LLC for its own governance
• Nevada has no state tax on corporate profits, no state annual franchise tax, or no state personal income tax
• No information sharing w/IRS
• Nevada’s laws favor business, in general

Some of the Advantages of a Nevada LLC over a Corporation:

• Nevada LLC's not required to hold organizational or annual meetings/No Minutes or resolutions required
• Operating Agreement not required
• Ownership Certificates not required
• Maximum Flexibility of internal governance without “Statutory” imposition
• Offers some “Back End” Protection:
• Membership Interests of LLC owners are not directly “attachable” by Judgment Creditors (Stock in a Corporation is attachable by Judgment Creditors .....Membership Interest of individual is not attachable.....the only remedy for a member’s judgment creditors is to obtain a “Charging Order” to “charge” the member’s right to receive a distribution of profits if, and when, a distribution is made)
• Simplicity

Form a Nevada LLC Online