The number one reason Corporations and LLCs fail
to protect their owners and officers is the failure to properly
maintain formalities. When the courts "pierce the veil," they
assign liability to individuals for actions that the Corporation
or LLC has taken. Most of the horror stories that you hear
about involve the courts attaching the personal assets of the
directors or stockholders for failure to maintain proper
formalities.
A creditor only has to show the court that an
owner has routinely ignored many of the corporate formalities
the law requires to gain access directly to the shareholders
personal assets.
Record keeping becomes even more important when
a Corporation or LLC has just a few stockholders. The corporate
records may be the only things to prove that a one-man
corporation is not simply acting as the individual.
At Corporation-Nevada our carefully
selected partners make sure you're
meeting the requirements for maintaining your formalities. We'll
help assure your business structure continues to be what you
intended - a shield for you against personal liability.
To fully retain the benefits of a business
entity you must observe corporate formalities. Corporate
formalities refer to those procedures that must be in place to
ensure that the corporation or LLC is being properly maintained.
These procedures can vary, depending on the state of
incorporation and levels of operation.
An Example Program includes the following:
" Initial 1-hour review and introduction of your current
corporate status-We will undertake a thorough analysis of your
company's "health," make recommendations, and assist in the
implementation of your corporate formalities.
" 15 completed documents in a 12-month
period-You can select from over 175 forms to be completed by
your representative. Documents can be used for catch up of your
corporate formalities.
" Assistance with obtaining the EIN
Implementing our program is simple. Our
partners will promptly get started on making sure
your Corporation or LLC formalities are in order.
