Reynoldsburg, OH · Member since 2013 · 18 posts · 7 votes
Good Evening All,
Back in November last year, I went to a FB event and along with the event I received information on Nevada Corporate Headquarters. They help with setting up the business, whether LLC, S-Corp etc. I just wanted to find out if anyone has used them? If they like the results and would you recommend them to a newbie like me.? The price of $1200 is steep but if it helps getting me starting on the business side of starting the business right, I think it is worth it (maybe). I know, I know many of the gurus sell you quick no worries and you can get the info out there for FREE but what you don't understand I'm not a full-time investor I work a 40hr work week and if I have someone watching my back while I make $ to support my family I'm good with that…
What about the protection of having a business in Nevada vs. in Ohio where I live?
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What about the protection of having a business in Nevada vs. in Ohio where I live?
If you create the entity in NV you will still have to register it as foreign entity in OH.
It rarely makes sense to have the kind of foreign or tiered LLCs gurus push. Well, other than for the lawyers setting it up.
But, I can't imagine any scenario where someone just starting out gains more in benefits from something like this than it will cost... and will will cost more than $1200 total.
Just start, your risk is just about ZERO right now. Put that money toward learning (1200 buys a LOT of books on Amazon) or marketing. Once you start making money then you and your professionals can figure this out.
How new are you? You can do some initial marketing with $1,200. You may even get a deal out of that marketing. What if you made $1,200-$10,000 on that deal?
Your personality may be driving you to get detailed on stuff that just does not matter for you yet.
I would say focus on your sales and marketing. Understand what you will do to add value to others first. And take massive action to make money.
You can have a LLC / S-Corp in a couple hours. Being a sole proprietor initially is not illegal, immoral, or un-american. Make some money first.
Have you sought out free initial consultation from a CPA (or two or three?).
I appreciate your prospective. I like to think of myself as green as green gets kind of. My hubby and I bought a house lived in it for 10 yrs wanted to sell didn't sell, rented for 5 yrs had enough and short selled it. Does this mean I know something I say very little. It was a learning experience to say the least, due to that experience is why I want to protect myself.
I also work a full time job. I like the idea of starting a business, building business credit, but from what your saying is go get the money. I get it!!
I'm all for making money !! I may not want to spend $1,200 for someone to set it up for me I'm sure I could do it for cheaper. I already know I want to do this! I've been thinking about this for some time. It's just the starting and doing it smarter not harder.
The first rental was some training ground I learned a lot of what NOT to do. This time I want protection I just wanted to get some opinions on that!!
The money will come I know! I just don't want goofy trying to sue me and take me for all I got. Period. It's better to be safe then sorry later my dad taught me that
If you decide to incorporate once you have made some money on a few deals, consult with a CPA and ask them about Tax "Nexus"
There can be quite some "hype" regarding incorporation in Nevada.
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What about the protection of having a business in Nevada vs. in Ohio where I live?
If you create the entity in NV you will still have to register it as foreign entity in OH.
It rarely makes sense to have the kind of foreign or tiered LLCs gurus push. Well, other than for the lawyers setting it up.
But, I can't imagine any scenario where someone just starting out gains more in benefits from something like this than it will cost... and will will cost more than $1200 total.
Just start, your risk is just about ZERO right now. Put that money toward learning (1200 buys a LOT of books on Amazon) or marketing. Once you start making money then you and your professionals can figure this out.
It's actually really simple to file an llc in ohio. You go to the secretary of state website find the "articles of organization" fill them out and mail them in with $125.
Hello,
I did get an LLC through Nevada Corporate Headquarters early in my business. I later on discovered after seeing my CPA that I grossly overpaid. As far as a rating, I would give them a thumbs up for helping a newbie. However, it's almost like they play your lack of knowledge card to the fullest, therefore, the ridiculous costs. I will also tell you that after the initial setup of the LLC you really don't hear from them anymore. However it could be just that I didn't really need to ask anymore questions at that point.
I know you work FT but please make sure to do your due diligence before making a decision. There are more things to consider. Do your research on Ohio versus Nevada Business. In my example, I'll live in Tennessee. As far as Corporate Veil, Nevada is superior to Tennessee. I guess that's great in a way but thinking about it this way, I'm not planning on doing some terrible illegal action in my business so I guess no worries there. Just always remember that your LLC would be created in Nedada so a phone call instead of stopping by a local office and talk person-to-person. Hope this Helps!