If you are the sole proprietor of a business, and another party wins a large judgment against that business, the party with the judgment could come after your personal as well as your business assets. Corporations, however, are considered unique and independent legal entities. If you own a corporation that loses a large civil case, your personal assets stand a far better chance of remaining untouched.
Nevada LLC Law Offers Additional Protection
Nevada law protects directors and officers of a Nevada LLC from personal liability for acts committed lawfully on behalf of the corporation. Additionally, since an LLC is really a hybrid of a corporation and a partnership, Nevada law allows you to enjoy tax benefits like those of a partnership with none of the legal risk of a partnership. Best of all, you do not need to live in Nevada to incorporate in Nevada. For more information about the benefits of setting up a Nevada LLC, contact Silver Shield Services, Inc., at http://www.shieldcorp.net/.
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