Corporate Havens

CORPORATE HAVENS

What is a corporate haven? A corporate haven is a jurisdiction that provides a favorable climate for forming corporations. It is a pro-business state that provides flexibility in the management and structure of the company, and usually provides a measure of tax-favored treatment. A corporate haven is attractive to individuals located outside that specific jurisdiction, who live in places that don’t provide the same advantages.

It is pretty easy to spot a corporate haven. A corporate haven will form an unusually large number of corporations in comparison to the population of that state. That is a sure sign that the jurisdiction is attracting corporations from a much wider base.

Most people who incorporate do so for one or more of the following reasons:

Ø Protection from personal liability,
Ø Tax advantages,
Ø Financial privacy, and
Ø Flexibility in management and control.

All corporations provide advantages in these areas to a degree, but certain states do it better than others. There is an economic incentive for states to establish themselves as a corporate haven. The more corporations a state files, the more revenue it brings in through initial filing fees and the annual renewal fees necessary to maintain corporate status. In addition, a state with favorable corporate laws attracts economic development and growth, in other words, it brings in new jobs. Some states raise better cattle, some states grow superior potatoes, some are proud of apples, but the following states specialize in corporations.

At the top of the list is Nevada for closely held companies, while Delaware heads the list for publicly traded corporations.

Presidential Election

We think most would agree that it has been an interesting national political procees over the last 6 months. Before this year who knew there was such a thing as a "super delagate". It makes one wonder what other surprises lie ahead. The stage now seems to be set with both parties having decided on their canidates. No one, at this point, can predict who will win in the general election but we can prepare business and personal affairs with long established Nevada corporate strategies for asset protection, privacy and tax reduction. Give us a call at 775-577-4822 to discuss a strategy that works for you.

PRIVACY

For many clients, guarding their personal privacy is the primary issue in their financial life. It seems in our society so bent on litigation, identity theft, and lawsuit the less people know about your assets the better. For a real scare Google "asset search". For a paltry amount there are hundreds of companies that access national data records including credit reports, FBI files, court records, driving records, property records, bankruptcy, leins, judgements, arrest records, military records, unlisted phone, cell numbers and on and on. In hours, anyone can know more about you than you do. If there is an option available to not reveal information that we don't have to, we are foolish not to choose it! We here at Silver Shield Services, Inc. have many strategies to help you obtain your privacy goals.