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How To Structure Your New Business – Nevada Incorporation

January 3, 2007 by Ben Yoskovitz

This is a sponsored post, through the ReviewMe service. I accepted this opportunity for a couple of reasons. For starters I’m intrigued by why Nevada Corporation would pick me to write a review. Secondly, I’m learning more about the world of blog-for-pay. Whether you agree with the concept or not, it’s interesting and worth reporting back to the community on a whole.

Nevada Corporation is an information site on how to structure your business. It is an important issue. When starting a new business you should be aware of the corporate structure options that exist.

Nevada Corporation’s site goes through the list thoroughly:

  • C Corporations
  • S Corporations
  • Dual Corporations
  • Etc.

Being a Nevada-focused site, it also discusses the benefits of incorporating in Nevada specifically.

There’s also some corporate tax saving ideas that you may find interesting. Although employing your children (apparently you can employ kids starting at the age of 7!) sounds a bit questionable to me.

The best part about Nevada Corporation’s website is this bit:

In today’s litigious society, business owners are a prime target for a lawsuit.

The United States has:

  • 5% of the world’s population
  • 74% of the world’s lawyers
  • 94% of the world’s lawsuits

Something is keeping all those lawyers busy right?

When starting a new company you need to look at the available options for your corporate structure.

You might choose to do a sole-proprietorship (to keep things easy) or you might go further along and incorporate as an Inc. or LLC.

And if you’re looking for some decent information (general information as well as information specific to incorporating in Nevada) then check out Corporation Nevada.

Having said that, I need to point out some fairly significant problems with the Corporation Nevada site:

  1. The information is de-valued by the poor design and liberal use of Google AdSense. Instead of the site looking extremely professional it gives off a questionable appearance.
  2. Some pages have Google AdSense overlapping the text, or background colors washing out text. This goes beyond “bad design” into the realm of broken.
  3. There are numerous broken links which is inexcusable.
  4. There aren’t many reference points for knowing whether the content is regularly updated. Tax and corporation laws do change on occasion and it’s important to know what’s changed before you take any information as wholly accurate. Some pages have a footer that shows 2004 as the date, others show 2006.

If you click on Feedback you’ll get to a page that seems totally out of place. It looks like an “About Page” for the company that runs the Corporation Nevada site. They claim to be a “top search engine marketer specializing in local search for the San Francisco and Seattle markets.” They’ve also got a few web properties for Reno and Nevada.

The site is smart enough to include a disclaimer at the end; that their site does not provide legal or accounting advice. I’d take that strongly into advisement when checking out Corporation Nevada.

And of course, you can find plenty of information about incorporating and corporate structures on the Web, which I would encourage you to do.

Filed Under: Business

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Ben Yoskovitz

Founding Partner at Highline Beta, a hybrid venture studio and VC firm that works with large, ambitious companies to identify new areas of opportunity through internal and external innovation.

Previously I was VP Product at VarageSale and GoInstant (acq. $CRM), and Founding Partner at Year One Labs.

Angel investments include: Breather, Spoiler Alert, SendWithUs and others.

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