Creating Wealth Through Real Estate

Hello fellow investors! I would like to personally wish each of you all a Happy Thanksgiving to you and your families.

This is a slow time in the RE market and we should all reflect back on our accomplishments to date and enjoy what we have, most of all, our families. Thanksgiving is my favorite holiday as we get to enjoy time with relatives, some who travel great distances and we do not see on a regular basis, and get to enjoy some delecious food! What I feel makes it the best holiday, is that we can participate in the holdiay spirit with family without the hassles and hussle and bussle of the X-mas season. No shopping to do (other than food of course) no presents to wrap, just family and food.

Enjoy your Holiday and eat as much as you can. It's only once a year right?!

We at Nationwide Property investments, LLC have discovered a wonderful way to save money on the products we are already currently purchasing through a reverse auction website. In contrast to Ebay, this auction has the price go down as more and more people view the items. In addition, the items are All new, direct from the manufacturer, and the prices often start at below the current retail price, then get lower and lower, in some cases FREE.

You may find these great deals at www.thelowestbidder.com It is free to register and if you do so before the end of the month, the company will send you Free credits to experience the auctions first hand. From computers, to digital cameras, to Gucci hand bags, to gift certificates from popular retailers, you may find many great delas on a large variety of items. The company has been operating in Europe and has just recently opened their doors in the US. On the EU site, they have even had brand new Audi Automobiles on the auction where the consumer saved over 10,000 euro (approx. $15,000 US dollars)!

Check them out for yourself and refer your friends, family, and contacts through the "invite a friend" link to receive additional Free credits from the company for your referral efforts.

Nationwide Property Investments, LLC is a Real Estate Investment Company, investing in nearly every aspect of real estate. They educate others and bringing sound investment opportunities to their investors. Join the investor list at www.nationwidepropertyinvestments.com as well as their "members only" opportunity.

We now have our real estate investment system in Las Vegas, NV ready for our investors. This is a new and innovative program Nationwide Property Investments, LLC has developed for their investors. You can pick an area, pick the size, pick your price points, and pick all your criteria, then we go get it for you at extreme discounts and in many cases, for less than you could buy at REO listings. You NEVER pay more than your max price point and the property must meet all the criteria before we buy it.

This system has proven to be a valuable asset to a select number of original participants and is now available to ALL of our investors. Join our investor list on our website and email us the criteria and specifications you are interested in. This system is in place in other areas as well, so contact us with your questions or criteria.

We have the entire team in place including, but not limited to, lenders, property management, appraisers, title companies, handyman services, contractors, other service providers, and home inspectors.

www.nationwidepropertyinvestments.com or call 800-469-2260

Written by KKO Lawyers

One of the primary advantages of forming an entity for your business is that the business owners are not held personally liable for the debts or liabilities of the company. In other word, creditors can only pursue the entity's assets and cannot reach the assets of the business owner. That line of protection, which separates the company's liabilities from the business owner's personal assets, is commonly known as the "Corporate Veil". Under some circumstances, if the owner does not follow the proper procedures, a creditor can pierce the "Corporate Veil" and reach the personal assets of the business owner.

While the law may differ slightly from state to state, there are a few common ways in which a business owner can lose the protection of the Corporate Veil.

1. ALTER EGO The most common way that the Corporate Veil is pierced is when the business owner is considered the "alter ego" of the company. This typically occurs where the company ignores the corporate formalities such that it is not recognized and treated as a separate entity by its owner. A short list of the formalities that should be followed are listed on page two of this Newsletter along with a list of recommended procedures.

2. FRAUD The second most common way in which the Corporate Veil is pierced occurs when a business owner commits fraud. This could be as simple as forming an entity, and then insuring liability in the name of the Company with no intention of repaying those liabilities. The business owner cannot rely on the protection of the Corporate Veil as a way to avoid payment for the liability.

The main principle here is that you cannot use the Corporate Veil to shield liabilities which you never intended on repaying. If ever litigated, the court may simply see the judgment creditor as being defrauded by the company.

3. GROSS NEGLIGENCE Another common way in which the Corporate Veil can be pierced occurs when the business commits acts which are grossly negligent or reckless. Gross negligence occurs when the business intentionally fails to perform duties or commits reckless acts. Ordinary negligence can arise from simple inadvertence. However, ordinary negligence is not enough to pierce the Corporate Veil. In sum, if a plaintiff can show that the business committed reckless or crossly negligent acts then a court may allow a plaintiff or creditor to pierce the corporate veil.

STEPS TO PROTECT THE CORPORATE VEIL

There are a number of recommended procedures that should be followed to ensure that your Corporate Veil is protected. By following these recommended procedures, you do not face personal liability for the operations and liabilities within your business.

1. Maintain an active status for your business entity with the states you are authorized to do business in. This usually requires a simple filing and payment of an annual fee to the State. Failing to stay current with the State will cause your entity to become in-active or delinquent and the state will assess you additional penalty fees for not meeting your annual deadlines. Moreover, if the entity is dissolved by the state, your protection ends on that date.

2. Own your business assets (e.g. real estate) in the name of the entity and execute all contracts and legal documents in the name of the entity. This may require new deeds or updates to contracts.

3. Hold annual meetings and complete annual minutes. This is required a requirement for Corporations and while it is not required of Limited Liability Companies ("LLC") or Limited Partnerships ("LP"), most practitioners still recommend that you follow through on these formalities.

4. Create letterhead and business cards for each business operation and use them. You want it to be clear that you are acting on behalf of your company and not in an individual capacity.

5. Maintain a separate checking account for each company and don't co-mingle business assets with personal assets. Using your personal account for business activities shows complete disregard for the Corporate Veil since you are not treating the company as a separate entity from the business owner.

6. Receive business income in the name of the business and pay for business expenses out of the business bank account(s).