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Nevada State Corporation – The Number 1 Reason to Incorporate in Nevada

It’s Extremely Difficult for Anyone to Pierce Your Nevada State Corporate Veil First, what exactly does “piercing the corporate veil” mean? When you form a corporation, whether it’s in Nevada,...

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Business Relationships As They Relate to Corporate America

WHAT TYPE OF CORPORATION DO YOU HAVE? As we form business relationships, the question arises to whether a sole proprietorship or corporation is needed. For a definition purpose, a corporation is a...

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Corporate Law Adviser – Justification of Criminal Sanctions For Violations of...

Introduction 1. Corporate governance is concerned with the separation of ownership and control that results when a company is publicly listed and, therefore, has too many owners who cannot all control...

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Insider Secrets about Corporations: Or, Why Should I Incorporate?

-“Why should I incorporate? I can just do this business as a sole proprietor, right?” -“Isn’t it complicated and expensive to form a corporation?” -“I run my business with my spouse, and we have a...

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Different Types of Corporations

In the balance of economics, the incorporation can not only be a beneficial decision, it can also be the demise. Certain aspects should be taken into consideration before even starting the process,...

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Business Legal Liability – How to Prevent Piercing the Corporate Veil

A corporation is a separate legal entity recognized by the national and state governments, and the Internal Revenue Service. In a properly run corporation, the shareholders, officers and directors...

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Incorporation 101: What Is S-Corporation?

What is an S-Corporation? It is a regular corporation that has 100 shareholders or less and that passes-through net income or losses to its shareholders for tax purposes (similar to sole...

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Corporate Bankruptcy – Protecting the Owners Or the Business?

For purposes of this article, usage of the word corporation also includes partnerships and LLCs. Many times, corporate owners looking into bankruptcy aren’t actually concerned with the effect on the...

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S Corporations

An S corporation is a regular corporation with an “S corporation” tax status. This means that this corporation enjoys the benefits of a limited-liability corporation, but can pay income taxes on the...

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IRS Eyes S-Corporation Oversights – Top 10 Items to Be Concerned About

Many small businesses request to become an S-corporation for several reasons. These reasons vary from no double taxation on equity distributions (generally speaking, there are exceptions), taxed at...

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