Nevada Corporate Headquarters Incorporated specializes in Nevada corporations, Nevada LLC creation and a compendium of business solutions.
With the ever growing trend in America towards identity theft and frivolous lawsuits you must take steps to protect your personal/business information and assets without delay.
Who is Nevada Corporate Headquarters? (NCH)
Proper asset protection strategies are critical to a secure, well-protected future for you, your business, and your family.
Here's why:
- An estimated 35,000 lawsuits are filed in the U.S. every day of the week!
- Identity theft is growing exponentially
- Phishing, pharming and other criminal schemes are becoming rampant
The Risk of Litigation
If you are engaged in any business activity the chances are that sooner or later you will be sued. The costs of defending a frivolous law suit can easily reach $50,000 to $100,000. When you are sued, everything you have worked hard to create will be placed in jeopardy.
Whilst no-one would argue that our legal system should hold people accountable for their acts, this principle is somewhat at odds with what is actually happening in courts around the country today. The fact is you are more likely to be targeted for a law suit when you are perceived to have assets worth plundering, rather than your degree of fault in any particular matter.
Historically, targets with attractive 'deep pockets' were the big corporations, banks, insurance institutions and household names - but that is no longer the case. New targets for litigants are those who have saved for retirement, own a home or rental property, sole proprietors and small business owners. It is estimated that over thirty million people in the states have mutual funds, savings or own equity their home.
There are over a million lawyers already, with more graduating from law school every year. Every one of them is on the look out for cases that can earn money and the preponderance of law practices means it is a very competitive market. Lawyers are coming up with more and more ingenious reasons for filing suit. Every day in court a plaintiff prevails against a so-called ‘wealthy' defendant – even in cases that appear illogical, irrational and totally devoid of merit – we've all seen examples the net!
So, that's thirty million people with something to lose versus one million lawyers trying to make a living and an untold number of opportunists trying to make a quick buck. It is no wonder that between them lawyers file over thirteen million law suits every year.
Prime candidates for lawsuits include:
- Property owners
- Business Owners
- Officers/Directors of publicly traded companies
- Sole Proprietors
- Real Estate Investors
If you fall into any of these categories, or simply have a retirement nest egg - you need to remove any incentive for people to sue you right now!
The Risk of Identity Theft
Thanks to the internet, people can find out all kinds of information about you. In fact, nowadays access to any individual's private, sensitive personal and financial information is unprecedented. The World Wide Web makes it easier than ever for criminals to harvest information, so financial privacy in particular is of major concern. Criminals can find out what you're worth just sitting at their desk – the days of painstaking research, trawling through archives, documents and other written records are a thing of the past.
What's more, if you are the victim of identity theft it can take upwards of a month before a major bank is able to investigate the claim and refund the stolen dollars back into your account. So you see, asset protection is an absolute necessity – lowering your asset profile and keeping confidential information safely out of criminals' reach is paramount.
It makes sense to keep valuable assets out of your personal name, or from being reported under your social security number or other identifier - but how can you achieve this?
Exemptions, Transactions, Entities & Trusts - there are a number of strategies to consider. There's no single solution, as individual circumstances will dictate the right combination of activity – however many people have taken advantage of some unique privacy legislation by incorporating themselves or their business in Nevada where the state's sheltering corporate statutes allow the highest level of anonymity possible.
By transferring assets into a trust or to business entities, the assets are no longer held or reported in an individual's name. Consequently, it is much more difficult for criminals to find or access either the account information or the assets themselves. What's more, even if the individual's identity is compromised and accounts accessed, the assets held in entities should be unaffected and thus available to keep an individual's affairs afloat until the identify theft matter is resolved.
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