Asset Protection

The corporation is traditionally the first line of defense in any asset protection strategy because of the long history of statutory and case law that supports the goal of achieving limited liability. This liability protection is only available because of the way the law separates the corporation from any associated individual.

The "corporate veil," refers to the separation between the individual and the company. It is the most valuable quality that the corporation offers. Care must be taken to preserve the corporate veil, because if it is "pierced," the corporation may have no asset protection.

Silver Shield Services, Inc. is prepared to assist you with the formalities that are necessary with keeping your corporation's affairs in good standing. Give us a call at (775) 882-4822 for a free consultation.

Corporate Banking

Just a reminder to everyone, never commingle funds! This means that you never pay personal expenses from the corporate checking account, and you do not pay corporate bills from your own checking account. If things get a little tight, there are proper ways to deal with the situation, such as executing loans or purchasing additional stock. And of course, remember to put those transactions into the minutes. Under Nevada law such things as commingling funds does not result in piercing the corporate veil as it could in most States. Nevertheless, it is advisable to adhere to this policy as a matter of sound business practice.