Originally Posted by JustDaveXxx

Said it all for me.



The pluses about Delaware and Nevada is that they have shield laws that protect the corporate veil.

In short it is very hard, next to impossible to see who actually owns that corporation. Comes in great when someone trys to sue your company and the owner of that particular corporation.


When people sue, they generally sue the corporation and the owners of that particular corporation. Both are named on the suit.

Suing the owner of a shielded corporation is next to impossible in a corporate shield law state such as Delaware, Nevada and i think Wyoming.

The key is have all of your corporations in Nevada and your holding corporation in Delaware. As one gets sued, looses and gets a judgement attached to it, you just transfer out your assets out of the company prior to suit judgment and just BK the corps as needed.

Can be pretty complex, but thats the gist of using corps to your advantage. That structure saved my ass from a 2 Million dollar frivolous law suit. They could not figure out who owned what and where to send the process service too.

Was too funny.