Of course they are!
In the United States there is a new lawsuit filed every thirty seconds. We have the honor of being the most litigious country in the world. The US represents 20% of the world's economy, has 70% of the world's lawyers and files more than 90% of the world's lawsuits. If you are a business owner or practice a profession, you have one in three chance of being named as a defendant in a lawsuit this year!
Under the U.S. legal system, the deck is stacked in favor of the plaintiff and against the defendant. That's why so many lawyers specialize in contingency fee lawsuits in which they are paid a percentage of whatever they win for their clients illegal in almost every other country. This encourages the filing of bogus lawsuits. Under the current system, any suit no matter how apparently worthless, can result in a devastating judgment. Remember the woman who was awarded $2.3 million after she spilled hot coffee on herself at McDonald's
Any of these events could wipe out your life savings and leave you in debt:
·Negligence or injury claim that exceeds insurance coverage
·Catastrophic medical bills
·Lawsuit from angry employee or business partner
·Professional malpractice suit
·Breach of contract claim
·Divorce
·Claims from creditors if your business fails
·Huge government fines for violation of a state or federal law by an employee
Even claims that are not justified will cost you a fortune to defend. So even if you win, you lose! Even if you do manage to avoid losing everything to a greedy "victim", you still have your own government to contend with. Most of your hard earned estate could go to the government, instead of to your heirs.
If you have an estate to leave to your heirs, do you really want the world to know how much you amassed during your life, and who you left it to That's what probate does... it tells the world your business!
Setting up a Nevada Limited Liability Corporation LLC can minimize many of the problems we've just talked about. But why should anyone consider incorporating in Nevada.
There are a number of reasons, including Asset Protection, Privacy, Anonymity, and a Tax-Free Environment. To learn more about Nevada LLC's and all they have to offer. Please click on the link below for our Free Special Report: "Nevada LLC's - The Secret to Protecting Your Personal and Business Assets".
Inside this special report you will learn:
·Why you should have a corporation even if you don't own a business.
·The secrets of safeguarding your personal and business assets.
·How to preserve your estate for your heirs.
·How to eliminate your risk of foreclosure or IRS seizure.
·How millionaires and movie stars use these same techniques.
In this day in age, it's not a question of whether you need to incorporate... It's a question of when! |