cool, but i personnaly prefer federal corp ;)

cost $200.00 to open one in US. LLC ...
I own 2 plus one inactive... forgot to pay franchise fee... so I just opened another one...

CONGRATULATIONS!!! More power and pray that it would last long. AND MORE POWER!!!:) :Graucho

Doesn't a corporation product your personal assets unless you do something illegal?

You both need to talk to lawyers and corporate planners.. Good luck.

enterprise (not corp.. personnal income and liabilities... better when you don't make much $)... 32$ registration... took me under 2 mins to do during my break at work.

The director(s) can be held personally liable in certain instances and when suing a corporation, the plaintiff can sue the director(s) as well.

The "corporate veil" is a myth in Canada now adays. Or so I am told (by legal counsel).

yeah but they arent worth shit
and are not cool for taxes :P

exactly , some of the posts in this thread are totally clueless

someone lied to you :(

50 corporations...

I'm "in the red" this year. I can deduct that from my personnal income and get a nice tax return :) As soon as it makes decent money, I'll incorporate it.. I just take advantage of the system this way..

definitly a good way to use them ;)
its good when you are losing cash or if you have a small income, otherwise, invest in a corp ;)

Mmmm.. I think I'd be running around watching my back if I relied on some info here to run any corp in any country in the world. :winkwink:

Asset/ass protection via LLC's? Under the right screwup your nuts can be chewed off and spat out before ya could spell liquidator :-)

Only real protection is via offshore corps where even the nominees have nada clue of who the beneficiary is, where he/she is or if there is even any bank accounts. On the other hand, if that offshore corp is not fucking people over - that is all irrelevant anyways and not a problem.

Congrats!

i didn't know you could incorporate for sig whoring.

:thumbsup :thumbsup