“Thank you Nevada123, for your commitment and your professionalism. You made my experience with your process a smooth one. Your consultants are knowledgeable and patient. They have helped me tremendously to understand and learn. Their advice was genuine and right on point. I intensely researched, looking into other companies and their websites. Your site was well put together and informative. It was all the small things that made my choice as easy as 123 in choosing you guys. Sincerely thank you again.”
- Dan, New York
Home > Learning Center > Nevada Asset Protection > Nevada Asset Protection Tutorial
Search:   
Category jump:
Nevada Asset Protection  
Nevada Asset Protection Tutorial  
In Nevada you can form a Corporation or LLC for "any legal purpose"  
Unlike in many other states, a Nevada LLC does not require a business purpose to be formed. This is of critical importance when considering Asset Protection.

Currently, 14 states (California, Indiana, Iowa, Louisiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Pennsylvania, Rhode Island, Texas, and Virginia) require a business purpose in order to form an LLC. Because of this, an LLC formed in these states cannot be used to hold an asset to protect it from creditors, unless that is deemed a business purpose in that state.

A Nevada LLC can be operated as "a Nevada Investment Holding LLC" or "an investment management company" and simply "hold and manage" assets. In this way "personal assets" can be protected from judgments.
(Click image to view)
Nevada123.com is operated by Nevada Corporation Services Ltd. Nevada Corporation Services Ltd provides business incorporating services. The information contained in this site is believed to be accurate and is provided with the understanding that Nevada Corporation Services Ltd, the author and publisher, is not engaged in rendering legal or accounting services. The entire content of this site is copyrighted © 2000-2010. Privacy & Legal