I have tried to head over to your incorporation services page for more details ie click the link, but have been unsuccessful. I would be interested in having some help getting started with my business. I have contacted a lawyer from the NV lawyer referral service, but would feel more comfortable having an “expert” help me get started. I guess I’m lucky and live in NV so I will be incorporating there and doing business there. But I’ve thought of moving, so it’s good to know that I can take my business with me to other states and still have the protection of NV.

I’m very interested in your response to Larry’s question dated Aug 30th, 2009 about an umbrella LLC, as that is what I am thinking of down the line for my businesses.

Hope to hear from you soon. Thanks again for this informative blog!
Amy

I am looking into starting my own car rental business soon and I was wondering if LLC was best for me, or a c corp? I want to try to run it from home until I can afford an office space. I live in California but I like the advatanges of Nevada Corporations. I read in your article that you can incorporate your business in Nevada and register your new corporation in your state of business. I dont quite understand it and would really appreciate it if you could help me understand it more.

Thank you,

Janelle

Thanks

bill’s last blog post..Incorporate as an LLC, S-corp, or C-Corp ?

Loved your articles they where well written and quite informative. They were able to erase some misconceptions I had about the types of business structures, and now I have a few questions and I hope you can point me in the right direction.

I am going to start 3 businesses within the next month or so, and will be employing about 124 employees in total. I have an umbrella company and two other separate entities.

I already have the funding necessary to do so, therefore I’m not currently looking for investors, however after reading your article John, I’m leaning towards a C corp because of the protection, future growth potential and the write-offs benefits it provides.

First question, can I form a C corp by myself or do I need partners/members, and do they have to be shareholders even though they didn’t invest into the company?

Second question, one of the project I am establishing is a not-for-profit entity, and I would like to purchase the property in my name or even the umbrella company’s name and let that entity pay “rent” to me or the company. I’d like to know how should I protect the properties from any potential lawsuits that I or even my company might face?

Next question Theresa, how do I go about controlling everything but own nothing so that no one can get any of my assets if they sue? Should I place it in a Living Trust for my child or is there another method?

Finally, could you send me a fee schedule for establishing a business structure as well as Living Trust?

Thanking you in advance for answering my questions and putting me on the right track.

Looking forward in hearing from you both soon.

As a licensed therapist you can file for a Professional Corporation, there isn’t really a difference in the workings between a Professional Corporation and a “C” corp, except the “PC has specialized licensed officers.

John has written some very helpful articles on the website explaining a “C” corp and how it works and differs from an LLC.

As a professionally licensed individual you may also form a “PLLC” which is a Professional Service Limited Liability Company”. This gives you the advantage of forming an LLC which is the best structure for asset protection purposes.

In answer to your question you are not bound by any law to be a “professional” corporation or LLC. Thanks again for contacting us, just let me know if we can be of any further assistance you.

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