Businesses & Corporations

You have made it!  The third (and final) installment dedicated to my fellow Millennials.  For this segment, I am discussing asset protection - what it entails and how it works.  

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How do you know if you're an independent contractor or an employee? How should you classify your workers? This post looks to some of the criteria that the IRS uses to make this determination.

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Taxes & Compliance... Yay....

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The All About Business article series will cover many common questions that clients ask when they’re looking to form a business (or when they’re “fixing” an existing business). 

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Pursuant to SB 483 of the 2015 Nevada Legislature, effective July 1, 2015, certain Nevada Secretary of State fees will change as follows:

• Annual list and initial list fees will increase by $25.00 for all entity types (an increase from $125.00 to $150.
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SB 405 went into effect on October 1, 2011. It strengthens the asset protections available to Nevada-based entities. The updated charging order language affects Nevada Limited Liability Companies (LLCs), Corporations and Limited Partnerships (LPs). The law changed as follows: the new language in the statute makes the charging order the exclusive remedy of a judgment creditor- including single member LLC’s and single shareholder corporations. A charging order is a remedy issued by the court giving the creditor a lien over the debtor’s interest in the entity.
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