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Home arrow Common Mistakes

Common Mistakes

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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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