Experience with Nevada Corporate Headquarters?

Question

BP Community - I’m looking into creating an LLC for investments across several states. It seems there are benefits to incorporating in Nevada. Looking through the BP posts, there hasn’t been too much lately on Nevada Corporate Headquarters (NCH) and older posts are not very positive. Anyone have recent experience with NCH in setting up an LLC or estate planning? Please reply or private message me with any feedback. Thanks!

John Park · Answer

Account Closed Thanks for your info. I just got off the phone with David at NCH and I liked what I heard and plan on moving forward with them. They did also pitch me on the Business Credit Accelerator program and I was wondering if you did that. I get that they help you build up your business credit quickly up to 50-80k in one year but do I really need that much of a credit? Just curious as to how much beneficial it will be to take that product which costs close to $2000.

Savanna Daniels · Answer

About a week ago, I had a free consultation call with NCH. The gentlemen seemed super knowledgeable but I was also a bit overwhelmed because he kept going on tangents about different things. My goal is to buy my first deal by the end of 2021 in the Detroit Metro area (preferably outside the ring of Detroit proper) and am deciding whether setting up an LLC is right for me or not. I'm still on the fence as I've also read that just having a good umbrella policy is good enough. Any feedback is appreciated.

Jonathan Parnell · Answer

Account Closed I'm curious about the approach you ended up taking.

Michelle S. · Answer

@Savanna Daniels I think you can buy a house before setting up a LLC, because LLC costs money. When you purchase a house, make sure you get a good insurance coverage. Then when you have one or more houses, you can set up a LLC or other types of assets protection.

Stephanie F. · Answer

Thanks for sharing. I don’t have all the answers (and never will). Privacy for me is mostly about the general population, my assets, and my assets passed upon my death. I have no intention or hiding from creditors/ gov agencies. I appreciate your feedback.

Account Closed · Answer

@John Park - I am not familiar with the credit program but have bought other products from NCH.

Account Closed · Answer

@ Jonathan Parnell. I set up an LLC and have each property under a privacy land trust. Send me a message and would be happy to connect to share details.

Account Closed · Answer

I did form an LLC through NCH. I will close on my properties in private name first (lender requirement). Was then planning to go the land trust route. There is a lot of debate on the best entity structure - unique LLCs for each property, one LLC with land trusts, etc. I’m still researching and have yet to finalize. I’m just happy I took action after years of reading and analyzing.  Will now focus on what is best for my situation. Will be great to hear the route you go!

Jonathan Chan · Answer

Yea, that's the route I'm going. Each of the paid off houses are going into their own LLCs. I'm not doing a above them though. That's probably going to happen further down the road.

Michelle S. · Answer

@Jonathan Chan other approach will be each house has its own LLC, and then there is a holding LLC in Nevada. I think it will cost a lot of money.

Experience with Nevada Corporate Headquarters?

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