Tag Archives | corporate governance

Nevada Nonsense: The TRUTH about Nevada LLCs

By on June 29, 2011 in Asset Protection, Business Planning, Corporate Governance, Entrepreneurship, Launching, Limited Liability Company, Small Business, Small Business Law, Taxes

I always get questions from folks wanting to know if they should set up a Nevada LLC or corporation because they’ve seen one on the internet or been to some seminar where they were told that they should form a Nevada company to avoid paying state income tax. Um…how shall I say this?  That’s a [...]

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Corporate Formalities: The Basics

By on December 6, 2007 in Asset Protection, Business Planning, Corporate Governance, Corporations, Entrepreneurship, Small Business, Small Business Law

The end of the year is the perfect time for corporate housecleaning.  It’s time to pull out the corporate record book and make sure that all of your “i”s are dotted and your “t”s are crossed.  Why?  Because failure to observe corporate formalities could result in:   loss of limited liability protection for you (i.e. you [...]

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Small Business Law Basics: Good Corporate Governance

By on August 18, 2006 in Asset Protection, Corporate Governance, Entrepreneurship, Launching, Small Business, Small Business Law

Good corporate governance is essential to running and growing a business. Here are some examples of good corporate governance: Holding regular board of director and shareholder meetings in accordance with the bylaws. Documenting those meetings with meeting minutes. Observing corporate formalities (e.g. segregating corporate assets from personal assets; adhering to the bylaws, etc.) Reviewing the [...]

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