What is the bottom line? If half of our clients choose not to maintain their existing Nevada entities because we price ourselves out of the market, it will cost Nevada FIFTEEN MILLION DOLLARS PER YEAR in lost renewal revenue - or $30 million per biennium. This does not account for the State Business Licenses that will not be renewed, amendments that will not be filed, certificates that will not be ordered, etc. It also does not account for the precipitous drop in new business filings that we will also see.

The Small Business and Entrepreneurship Council released their annual Business Tax Index report that ranks the various states from best to worst based on the state tax systems.   As we expected, Nevada ranked very high, within a fraction of a point of 1st place for the “Best Small Business Tax Structure”.
The 5 Best States, and [...]

The goal of estate planning is to reduce how much the government gets from what you leave behind. This can be a real challenge to small business owners who generally live their lives in the mode of building and growing. It can be very difficult for the entrepreneur to minimize his or her [...]

Last week one of our outstanding customer service coaches brought a situation to my attention regarding a client who she feared was being victimized by a fast one. I asked her to arrange a time when I could speak to this client myself, which was scheduled for the following day. In the mean [...]

I sit and watch the events going in our great nation and ask myself what happened to reason. Our country was once made up of free thinking independent minded people who respected each other for their ability privide for themselves. Today, like never before, people look toward goverment for the for the solutions. Our republic [...]

I came across an excellent post on CoyoteBlog about all the hoops a new entrepreneur has to jump through to incorporate, register, get licensed and set up tax accounts with state and local governments just to get started.  It really points out how intimidating the startup process can be:
So You Want to be An [...]

LINK: Economist Blames Twitter for Down Economy - Twitter Moratorium.
Could it be true?  Is Twitter responsible for the economic madness?

After helping over 30,000 small businesses get their start, Nevada Corporate Headquarters Inc. has learned a lot about what it takes to be successful in business.  Here is our Top Ten List:

Understand it will take twice as much money and twice as much time:  All business requires much more time and capital than is ever [...]

That’s a bit of a pretentious heading - as if I’m qualified to comment on either psychology or economics. However, as an amateur observer of the human condition, it does strike me that a significant component to our current economic quagmire is largely in our head. It seems that while we have transitioned over the [...]

This from The Guardian:
The world’s most secretive tax havens are to be prised open after Barack Obama’s new administration endorsed far-reaching legislation to crack down on them.
The decision to force “secrecy jurisdictions” to reveal the identities of the super-rich and major corporations who use them came from the US treasury secretary, Timothy Geithner, at a [...]

The “credit crisis” has become ubiquitous.  It is being blamed for everything from home foreclosures to a plummeting stock market.  Many individuals and most businesses are feeling the pinch from the credit markets today.  Which is precisely why it is so important to carefully manage and protect your personal and business credit profile during these [...]

The numbers are compelling, but perhaps not surprising: entrepreneurs make our economy - period.  Our economy isn’t driven by social programs, or by AIG/Lehman Bros/Morgan Stanley/General Motors or any other combination of banks or big business.  The concept that “What’s good for GM is good for America” has been turned on it’s head:  ”What’s good [...]

Zogby Interactive conducted an interesting poll of Americans to see where the nation is placing its faith in a better future. “Who will lead us to a better future?”  Here are the results:

63% - Small business and entrepreneurs
52% - Science and technology leaders
38% - Family and friends
36% - Ourselves
32% - Non profit groups
31% - [...]

Last week, the IRS asked U.S. District Judge Alan S. Gold to enforce “John Doe summonses” on 52,000 Swiss bank accounts holding almost $15 billion in assets.  This action demonstrates the folly behind using privacy and secrecy as the basis for asset protection or tax planning.  History has shown than any strategy that is based on privacy [...]

Almost every small business owner that I know is either 1) currently renegotiating their lease with their landlord, or 2) getting ready to renegotiate their lease.  From business owners I have talked to, they are experiencing a wide range of reactions, communication and negotiations.  Some landlords are working with tenants to try to keep them, [...]

It seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today’s economic crisis, and there isn’t much in our own experience that gives us [...]

Promoters of Wyoming incorporation have started to make brazen claims that Wyoming offers better asset protection benefits than Nevada.  This is a fair comparison for analysis, since the claim can be measured against the standards set by Nevada in three  specific areas of corporate asset protection.
Corporate protection consists of three separate factors.  The relative [...]

Blogger Diane Kennedy, a CPA who graduated from the University of Nevada, Reno wrote a recent post on her website, TaxLoopholes.com, about legally upstreaming income.  Diane points out several legitimate strategic uses of upstreaming strategies.  I will use her four stated uses, and add my own commentary:
1. To upstream the income of a C corporation in [...]

Business is riskier than ever these days.  The economy is a mess, credit markets are tight, taxes are high - and likely to go higher, the courts are clogged with frivolous lawsuits, and attorneys seem to rule the world.  What can you and I do about it?  Fortunately, we can do quite a bit to [...]

Disraeli once said that “there are three kinds of lies: lies, damned lies, and statistics.”

In business, some of the “statistics” that can tell such damning lies are the numbers found on company balance sheets and income statements. Too often, the reality is not accurately reflected in the numbers. Accounting is not intended to be a [...]

The economic climate that individuals, corporations and businesses have been feeling has also hit state and local governments in a big way. Most states will be addressing huge budget deficits during the 2009 legislative cycle with limited options.

Although Nevada is one of the states with a budget deficit that must be resolved in coming months, [...]

The fifth annual survey of litigation attorneys on corporate litigation issues conducted by the law firm of Fulbright & Jaworski was released last month, showing an increase in the expectations that litigation disputes will increase in 2009.  According to the study, an astonishing 17% of all privately-held companies, and 9% of all small companies have [...]

Gilbert Hyatt is quite a remarkable man.  In 1968, he advanced the concept of the integrated circuit when he developed the method for including all the pieces necessary to operate a computer - other than the memory and interface - in one place.  In 1970, he applied for a patent for a computer microprocessor.
While [...]

Stephen M. Bainbridge is arguably the brightest mind in the field of corporate law in California.  He is the William D. Warren Professor of Law at the UCLA School of Law, and has written extensively about all aspects corporate law.  Not to be stereotyped as a high-brow elitist intellectual, Professor Bainbridge maintains a family of [...]