In essence, a Charging Order allows a judgment creditor to receive such distributions from certain forms of companies (e.g., partnerships, limited-liability companies and now, Nevada corporations) as a judgment debtor would have received. It is important to note that a judgment creditor does not have access to the company’s assets and has no management or voting rights.

Limited Liability Companies (“LLC”) are a relatively new form of business entity and is somewhat of a hybrid between a partnership and a "S" corporation. LLC's provide a partnership‘s flexibility of operations with the limitation of personal liability on its owners as in a corporation.

Selecting the form in which to operate a business is one of the most significant decisions an owner will have to make. The choice of business form can have broad implications, not only for the manner in which the enterprise will be conducted, but for the personal affairs of the owner. A strong corporate shield can also shield your personal assets from your business liabilities. Forming a business entity is vital to protecting yourself and gaining the legal and tax benefits from operating a business.

Make sure you're protected.

 Nevada Corporations Provide the Same Protection from Liability as Partnerships or LLC's

Hundreds of thousands of businesses are started each year in the United States. Most of those either incorporate or form a limited liability company to protect their personal assets from their business liabilities. Those who form online may be leaving their backdoor open to the scrutiny of the courts and the perils of lawsuits

 Tough Decisions During Tough Times - Now, more than ever, you need the protection of a corporation or LLC