Corporations
Ever notice all the music around you?
It’s played in grocery stores, restaurants, elevators, doctors’ offices, nail salons, car dealerships, gas stations (yes, while you are pumping gas), business offices and even the parking lots!
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A commonly asked question is: I registered my corporate name with the State so why do I have to register it as a trademark? The answer is: because one is apples and the other is oranges. Let me explain.
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.
An "S" corporation is identical to a "C" corporation for most non-tax purposes. But, for tax purposes, "S" corporations and "C" corporations differ dramatically. Whereas a "C" corporation is a separate entity for tax purposes, an "S" corporation is a flow through entity, much like a partnership.
A corporation is a separate legal entity from its owners (shareholders) and is managed and controlled by directors and officers. Fundamental corporate policy is set by the board of directors while responsibility for the day-to-day operation of the corporation rests on the President. All corporations must have a President, Secretary and Treasurer. Additionally, corporations may have multiple Chief Officers, Vice Presidents and Assistant officers.
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
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