American Corporate Enterprises, Inc.'s Blog

Annual List Checklist

2012-01-25T10:49:00.000-08:00

Contributed by Deanna Kelly, Office Manager

In order to help our clients with their annual renewal and avoid late fees here are a few helpful hints when submitting paper filings.

- Always read through the letter and the information included with your renewal for any changes in procedure.

- Check your list for any changes you want made (names, titles).

- Check the spelling in names on the list in case the state's records are incorrect.

If any changes are needed, draw a line through the name and write the new name or corrected name above the incorrect or lined out name (BLACK INK AND NO HIGHLIGHTING).

- Corporations: Make sure each office (Pres., Sec., Treasurer and Director) has the name of a person. No office may be left blank. One person may hold multiple positions or be all.

- LLCs: Mark a title for each Manager or Managing Member on the list.

- Sign at the bottom and fill in title and date.

When completed return your Annual List to us along with your renewal payments and we will hand-deliver it to the state for you (no additional charge). We will then return a filed copy via email when we receive it back from the state.

Remember you may renew online with us and the Secretary of State. Once our payment has been submitted you will receive a confirmation with a link to the Secretary of State where you must file your Annual List. Be sure to print a filed copy and receipt when you have processed your payment.

As always, no question is a bad question. The more knowledgable you are, the easier our job is. If you have any questions, we are always here to help.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

6 Ways to Increase Revenue, part 2

2012-01-20T15:20:00.000-08:00

Contributed by Jojo Myers, CEO, OHB- Matrix Leadership, LLC

PART 2 – DIVERSIFY and then DIVERSIFY some more!!

The 2nd way to Increase Revenues is to Diversify your business. Largely, due to the economy, we have been given the opportunity to take a peripheral look at our business and ask ourselves,

• “What else can I do with the product or service I already have”?

• “What related product or service can I offer to my already existing client base”?

• “What completely different product or service can I bring in to serve a completely different client base”?

Many small businesses grow by taking opportunities to diversify.

Simply put, these are the forms Diversification:

• New, related products or services to existing customers=RELATIONAL DIVERSIFYING

• New markets for existing products=HORIZONTAL DIVERSIFYING

• New products for new markets=PROBATIVE DIVERSIFYING

The ones that seek out different market segments are the ones that will most likely survive the present environment. Again, simply put companies do this:

• Take a look at their existing product or service

• Take a look at their current client and market base

Then they take a step back and ask, “Is there another demographic or psychographic segment that could use my product or service”? and “Can I adapt to offer another potential product or service or adapt to open up to another potential client pool”?

I would love to explore this with you, so give me a call at Matrix Leadership, LLC, 775.884.6161, and let’s get started creating more income through Diversifying.

Lee Iacocca said, “In times of great stress and adversity, it’s always best to keep busy, to plow your anger and energy into something positive”.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

6 Ways to Increase Revenue, part 1

2012-01-20T14:19:00.000-08:00

Contributed by Jojo Myers, CEO- Matrix Leadership, LLC

PART 1 - Business and Strategic Planning

When I go into a business for the 1st time I do a Discovery. From my Discovery, I do a Needs Assessment, but one of my first questions I ask is, “May I see your business plan”?

I get (3) responses:

(1) Absolutely OR
(2) What business plan OR
(3) They start cinching their heart and I start giving CPR
MUCH to my surprise, many businesses do not have a completed business plan. WHAT???

This is your roadmap, your atlas, your lifeline. In today’s economy and marketplace we MUST write, revise, or get back to the Business Plan. A business plan is not just your Mission Statement or your Value Statement with a few Goals and Objectives listed, but it actually has a detailed action plan outlining your strategies, telling the story about how you are going to live up to that Mission and Value Statement. The story tells what strategies are in place or will be in place for your company to be a success.

However, they really AREN’T that much fun to do right? And YES, they are a lot of work, but worth it. If your business is more than a hobby, do not operate it without a Business Plan. Matrix Leadership can help you do that or I can recommend a company that can help you. Either way ……..get on it. Start 2012 with a roadmap of SUCCESS!!!

For additional information or assistance with your Business Plan contact:

Jojo Myers, CEO
Matrix Leadership, LLC
(775)884-6161
http://www.matrixleadership.net

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Tax Preparer Questions

2012-01-19T10:51:00.000-08:00

Contributed by Sara Zaro- Enrolled Agent, Certified Bookkeeper
Elite Bookkeeping & Tax Services

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare your return. Most return preparers are professional, honest and provide excellent service to their clients.

This year, the IRS wants to remind all taxpayers that they should use only preparers who sign the returns they prepare and enter their Preparer Tax Identification Numbers (PTINs).
Here are a few points to keep in mind when someone else prepares your return:

• Check the person's qualifications. New regulations require all paid tax return preparers to have a Preparer Tax Identification Number (PTIN). In addition to making sure they have a PTIN, ask if the preparer is affiliated with a professional organization and attends continuing education classes. The IRS is also phasing in a new test requirement to make sure those who are not an enrolled agent, CPA, or attorney have met minimal competency requirements. Those subject to the test will become a Registered Tax Return Preparer once they pass it.

• Check the preparer's history. Check to see if the preparer has a questionable history with the Better Business Bureau and check for any disciplinary actions and licensure status through the state boards of accountancy for certified public accountants; the state bar associations for attorneys; and the IRS Office of Enrollment for enrolled agents.

• Find out about their service fees. Avoid preparers who base their fee on a percentage of your refund or those who claim they can obtain larger refunds than other preparers. Also, always make sure any refund due is sent to you or deposited into an account in your name. Under no circumstances should all or part of your refund be directly deposited into a preparer’s bank account.

• Ask if they offer electronic filing. Any paid preparer who prepares and files more than 10 returns for clients must file the returns electronically, unless the client opts to file a paper return. More than 1 billion individual tax returns have been safely and securely processed since the debut of electronic filing in 1990. Make sure your preparer offers IRS e-file.

• Make sure the tax preparer is accessible. Make sure you will be able to contact the tax preparer after the return has been filed, even after the April due date, in case questions arise.

• Provide all records and receipts needed to prepare your return. Reputable preparers will request to see your records and receipts and will ask you multiple questions to determine your total income and your qualifications for expenses, deductions and other items. Do not use a preparer who is willing to electronically file your return before you receive your Form W-2 using your last pay stub. This is against IRS e-file rules.

• Never sign a blank return. Avoid tax preparers that ask you to sign a blank tax form.

• Review the entire return before signing it. Before you sign your tax return, review it and ask questions. Make sure you understand everything and are comfortable with the accuracy of the return before you sign it.

• Make sure the preparer signs the form and includes his or her preparer tax identification number (PTIN). A paid preparer must sign the return and include his or her PTIN as required by law. Although the preparer signs the return, you are responsible for the accuracy of every item on your return. The preparer must also give you a copy of the return.

The IRS can help many taxpayers prepare their own returns without the assistance of a paid preparer. Before seeking a paid preparer, taxpayers might consider how much information is available directly from the IRS through the IRS Web site.

For assistance with your bookkeeping or tax needs, feel free to contact Elite Bookkeeping & Tax Services Toll Free at(800)416-3820

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

A Penny Saved...Can Be A Fortune Lost

2011-12-09T16:26:00.000-08:00

It wasn’t that long ago that we were being bombarded with news updates about the horrific Deepwater Horizon oil spill (a.k.a. BP oil disaster) that occurred back in April of 2010. In January 2011 the Whitehouse oil commission released a report wherein they blamed BP and its partners for a series of cost-cutting decisions as contributing to this catastrophic accident.

One of the so called cost-cutting decisions was to not use a diagnostic tool to test the strength of the cement. What was the cost of this tool? The cost was a tiny fraction of what they lost in oil, paid for cleanup, what they have paid to settlements and what they will pay for future settlements. That’s right- a tiny fraction!

How does this relate to you? Do you have a Corporation but no Corporate Record Book? It’s all too common these days for people to want to start a Corporation and put off obtaining a Corporate Record Book to cut startup costs, figuring that they’ll get to it later or they think they can get by without one.

About 60% of closely held Corporations are in jeopardy of having their corporate veil pierced because they haven't tended to the formalities of issuing stock or have not maintained corporate records.

A couple of years ago a gentleman called to inquire about the cost of setting up a Corporation in Nevada. He mentioned that he did indeed want a Corporate Record Book with his order. He said he had recently lost a lawsuit with a Corporation he had in another state that wiped him out. He stated that the court ruled against him because he had no Corporate Record Book and had not issued stock. He vowed to do it right this time.

Here again is another cost cutting example that cost many times more in the long run. What is the cost of a Corporate Record Book? It varies depending on where you purchase it, the quality, etc. but it most definitely was a small fraction of what this gentleman lost. Typically they are less than one hundred dollars.

Fortunately, Nevada offers greater protection for Corporations, but if you cannot prove you're a real Corporation with shareholders and not just an alter ego of yourself, your assets could be at risk.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Getting Your Product Video Produced Right! The First Time

2011-09-14T21:42:00.000-07:00

Here's a helpful post by Tyler Bourns, who is an incredibly talented young film maker. Are you looking to perhaps add some product videos to your site? Read this helpful post and contact Tyler if you have any questions about his services.

Getting Your Product Video Produced Right! The First Time...:
Written by Tyler Bourns // CEO Bourns Productions Inc. Launching a brand new product can an exciting yet nerve racking time for any company...

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com/. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Employee Retention- The Low Cost of High Profits

2011-07-19T13:28:00.000-07:00

Comments by Tracey Padilla, Pres.
American Corporate Enterprises, Inc.

Here's a great post by Jojo Myers, with Matrix Leadership who is incredibly dynamic. I had the pleasure of meeting with her myself to discuss some upcoming sessions. I was amazed at the information she provided in just a fifteen minute discussion.

Employee Retention- The Low Cost of High Profits: "Contributed by Jojo Myers, CEO Matrix Leadership Professional Leadership, Management and Executive Development Employee Turnover is gros..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com/. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Startup Professionals Musings: Too Busy for Social Media Marketing Could Be Fatal

2011-07-10T07:58:00.000-07:00

Startup Professionals Musings: Too Busy for Social Media Marketing Could Be Fatal

Comments by Tracey Padilla, Pres.
American Corporate Enterprises, Inc.

If you're not using any Socia Media tools yet for your business, you may want to read this article at the above link. While it's certainly not the only answer to providing your company with sustainability, it's probably something you should explore.

Are you feeling too busy like I used to? Just ease into it and you'll soon find that it's not as bad as you think. Yes, I still have a lot to learn and I have no intention of replacing good customer service with Tweeting or Blogging . I enjoy the interaction with our wonderful clients. But I do know I have to swim with the tide or get left on the island- so I work at it for a bit after hours.

If you're in need of assistance with your Social Media Implementation, feel free to contact one of our BAC Strategic Partners- Jillian Pearson with Site Noticed, Inc. and she'll be happy to assist you with setting it up. You will find her contact information at http://www.sitenoticed.com/

I'd like to also take the opportunity to introduce you to one of my favorite local bloggers, Dr. Bret L. Simmons. http://www.bretlsimmons.com/ who teaches about Social Media and Positive Organizational Behavior.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com/. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

BUSINESS ACHIEVEMENT CENTER: Expanding Your Business With A Virtual Office

2011-06-29T23:01:00.000-07:00

BUSINESS ACHIEVEMENT CENTER: Expanding Your Business With A Virtual Office: "With the downturn in the economy we've certainly seen our share of businesses come and go across the U.S. As of late there has been a surge ..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

BUSINESS ACHIEVEMENT CENTER: New Tax Rules For 2011

2011-06-29T23:00:00.000-07:00

BUSINESS ACHIEVEMENT CENTER: New Tax Rules For 2011: "Contributed by Sara Zaro, President Elite Bookkeeping & Tax Services In order to keep you informed of what’s new in the tax rules, here i..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

BUSINESS ACHIEVEMENT CENTER: Why Sales Performance Management Is Important

2011-06-26T08:40:00.000-07:00

BUSINESS ACHIEVEMENT CENTER: Why Sales Performance Management Is Important: "Contributed by Jojo Myers, CEO Matrix Leadership One commonality among the companies I work with in the area of Sales Performance is ther..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.

At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

BUSINESS ACHIEVEMENT CENTER: Changing Technology

2011-06-26T08:31:00.000-07:00

BUSINESS ACHIEVEMENT CENTER: Changing Technology: "Contributed by Chris Utley, President Geeks Of Nevada, Inc. “The only thing that is constant in life is change”. In the technology field..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.

At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

BUSINESS ACHIEVEMENT CENTER: The Value in Vulnerability

2011-06-20T08:31:00.000-07:00

BUSINESS ACHIEVEMENT CENTER: The Value in Vulnerability: "The Value in Vulnerability Above article by Thomas J. DeLong Are you the type of person who steps out of your comfort zone, or have you ..."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Economic Indicators from Nevada Secretary of State's Office Show New Entity Filings Up Significantly in First Quarter

2011-06-06T10:55:00.000-07:00

(Carson City, NV; May 11, 2011) – With mixed reports about the strength of the economic recovery in Nevada coming from a variety of sources, the latest statistics sourced to the Nevada Secretary of State’s office show two consecutive quarters of significant growth in new business entity filings, suggesting new investments may be leading to business expansion. (See the full report here.)

As reported in the Quarterly Economic & Business Activity Report prepared by Applied Analysis, a Nevada-based research and analysis firm, new entity filings were up 12% in the first quarter of 2011 compared to the same period in 2010. The latest quarterly growth followed the preceding quarter’s positive performance, which was the first since mid-2006.

“I’m as optimistic as I’ve ever been that Nevada has broken through the restraints of the worst recession in decades and is now moving steadily toward economic recovery,” Secretary of State Ross Miller said after reviewing the analysis. “Nevada has a history of incredible resilience, and I’m confident that history will repeat itself. While I don’t think anyone expects to quickly rebound to record-breaking growth, I believe the latest numbers from my office indicate that more people will find work in the coming months and that we all can look forward to greater economic stability.”

Read Full Article here
Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Business Achievement Center

2011-03-23T18:01:00.000-07:00

We're pleased to announce that the Business Achievement Center is still on schedule for opening in May. We are excited to be working with such a dynamic group that has come together to help start-up business and existing businesses with training and expansion.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Nevada LLC Benefits

2010-09-24T22:32:00.000-07:00

There are many benefits of forming a Nevada LLC. Many entrepreneurs and business owners consider using this type of LLC instead of many other state LLC options. Once you learn more about the advantages, you may find that forming a Nevada LLC would be in the best financial interest of your business.

Privacy

For many business owners, privacy is a very big deal. With a Nevada LLC, this is not something that you have to worry about. When compared to other states, Nevada is much better at protecting the identity and maintaining the privacy of LLC owners. In short, this means that your name, address and industry type are not going to be made public record.

No State Tax

In the state of Nevada you can choose to have your company taxed as a partnership, as opposed to a corporation. In turn, this allows you to save a lot of money on taxes. In addition to the ability to avoid state tax, as a member of a Nevada LLC you will not have to pay self-employment tax. When compared to other states, Nevada is well ahead of the game in terms of benefiting the company. Many states have very high tax rates and cannot compare. There is also no tax for the following:

•corporate tax

•personal income tax

•franchise tax on income

•gift tax

•inheritance tax

•unitary tax

•admissions tax

Protect your Assets

Just like most states, when you form a Nevada LLC you are keeping your personal and business assets separate from one another. Creditors are unable to come after your personal assets, should something go wrong with your business.

Also, a Nevada LLC can be formed with a single member – there is no need for multiple partners. For an entrepreneur looking to get started on their own, while taking advantage of the many other benefits, this is a big benefit.

Low Minimum Requirements

Some states require that LLCs meet many standards and requirements. This is not the case with Nevada. One of the most important requirements to be aware of is that you do not have to live or do business in Nevada in order to open an LLC within the state. In addition, you have the ability to file all the proper paperwork by phone, fax or email. The process is very easy.

You may need some assistance when it comes to filing the proper documents, but the ability to open an Nevada LLC from other parts of the world is quite possibly the biggest benefit. Finally, Nevada does not have any cash restrictions that you are required to follow. For example, stock can be issued for services, property, or cash, all at the discretion of the LLC.

Establishing your LLC in Nevada will give you the chance to take advantage of the many benefits the state offers. It is important to consult with an attorney or financial planner to be sure that your documents are in order. However, it is a simple process to go through.
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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

How to make Expense Management your strategy

2010-09-23T15:20:00.000-07:00

Always be internally-driven: Keep improving your process. Have a good employee suggestions program that works, that is, all suggestions are carefully evaluated and those that are implementable are actually implemented, and if they work out well, the employee is suitably rewarded.

Always be externally-driven: Stay on top of changes in technology and process. Even when a technology is not directly targeted at your application/process, you need to evaluate it to see if you can use it for cost reduction.

Competitor-driven: Benchmarking against your competitors is ideal. You must have real time data on your competitors' cost position. If you find that your competitor is doing better than you, immediate action is needed.

Always be Implementing a cost reduction program: After you have compiled the data from competitors and other industry benchmarks, set realistic goals first, though it is perfectly fine to have ultimate goals as well. Ruthless cost cutting can have negative consequences.

Develop a cost reduction program in consultation with each and every employee who could potentially contribute. Do not limit the team to managerial types. In many cases, the floor staff has a better understanding of what works and doesn't and how to make the process better.

Always do a ROI analysis. No cost reduction program should be undertaken until the ROI justifies it.

Explore all options for cost reductions and not just those related to business process redesign or technology/equipment upgrades. Some of the other options that can be considered are outsourcing or off-shoring.

Business process redesign - A simple framework for small and medium-sized businesses While growth is a preferred mode of creating value in almost all cases, an enterprise still needs to focus on operations management, or more specifically, on the robustness of its business processes. Business processes, therefore, may need to be redesigned from time to time for the following reasons:

1.Existing process are broken, or in other words, performing at sub-optimal levels

2.New technology/equipment/systems are available

3.Competitors have better business processes putting you at a competitive disadvantage

4.Business model transformation is being implemented

5.Customers expect you to align your processes with theirs

While business process redesign (or reengineering or revamping or overhaul) may initially seem overwhelming, it shouldn't be. In fact, most businesses should be able to do a large part of BPR on their own. We believe that no one knows an enterprise's processes better than their own employees. However, there are areas where an external advisor can create value:

1. Employees are often reluctant to identify broken systems, inefficiencies, errors, etc. because it is likely to make them look bad

2. Consultants and advisors, through their work with other companies, have a better

3. understanding of what works and what doesn't. Thus, by tapping into their knowledge base, you can not only save time and money, you are also ensuring that you are using the best practices available in the industry. They also have better idea about benchmarks and may, therefore, help you set realistic expectations from BPR

When an organization decides to outsource, reducing costs is always one of its main objectives. Then 'reducing' costs evolved into the need to 'control' them. And today, the financial aspects are often not even listed among the key points. It's true that cutting costs remains an important factor, but rather as a consequence of the main requirements: nowadays when an organization embarks on an outsourcing project, it is looking above all to safeguard its operation (thanks to state-of-the-art Data Centers, industrialized processes and formal, guaranteed levels of service), to make sure it has easy access to the expertise it needs to manage complexity within its information systems, to access technological innovations more quickly and to be in a position to respond to fast-changing business practices.

What customers presented to their service providers followed quite a simple formula: "do the same thing, but better, faster and at a lower cost". At that time, outsourcing often consisted very largely of taking over existing systems. But for the past five years, IT Departments have had to face a dual, and clear-cut acceleration: within business itself on the one hand, which has led their internal customers to expect their information systems to be much more responsive.

And, on the other hand, on the technological front, especially with Web technologies now reaching maturity (including those operating at back office level) and the growth in consolidation and virtualization.

Today's outsourcing contracts take this change into account and as a result they are including much more development work rather than simply operational tasks. Which is why costs no longer take center stage in the list of requirements for the contract: before doing things in a less costly way, you have to start by actually doing it in the first place!
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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Common Fraud Schemes (Provided by the FBI)

2010-09-21T09:02:00.000-07:00

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Small Business and Self-Employed Tax Center - from IRS.GOV

2010-09-16T09:40:00.001-07:00

A-Z Index for Business:

Find it Fast! Know what you're looking for and want to find it fast? Select business topics using our A-Z listing, or by business type such as sole proprietor, corporation, etc. We also provide links to major business subjects, such as Business Expenses, which provides a gateway to all related information on that subject.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Charging Order Protection for Nevada corporations

2010-09-14T16:36:00.000-07:00

The right of a judgment creditor to collect against the assets of a judgment debtor varies depending upon the nature of the assets. Some asset types – primarily liquid assets - can be directly attached, while other asset types have limitations on attachment by the judgment creditor. Assets that cannot generally be directly taken by a judgment creditor usually provide for other recourse, such as potential foreclosure and forced sale of assets, or the imposition of a “charging order” against future income of assets.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Liability Protection

2010-09-10T17:44:00.000-07:00

An affordable and very effective method to shield your assets from attack is to transfer your rental property to a Limited Liability Company (LLC). Holding title to investment property through an LLC limits the liabilities of the business to only those assets held within the LLC. In the same way as shareholders of a corporation are shielded from liability, a properly formed LLC will guard its owners from lawsuit liability, including liability from acts of its employees and agents.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Start Your Own Corporation

2010-09-08T15:24:00.000-07:00

Should your small business become a corporation? This is a question you need to ask during the start-up and evolution of your company. Learn what you need to know about incorporating your small business.

Bill's years of hard work had finally paid off. Bill's company, a sole proprietorship computer business was earning solid profits and had built a large client base. Bill thought he had it made, until a part-time employee had "an accident" that wiped out a customer's computer system.

In a matter of months, Bill's dream business came tumbling down. Slapped with a lawsuit, the sole proprietor lost all his assets, savings, house, and marriage. If Bill had his company incorporated, his business and personal life would have been separated and had an additional layer of protection.

Incorporation reduces disasters. According to BizStats.com, only 22% of all the small businesses in America are a limited liability corporation, S corporation, or C corporation. Over 72% of businesses are solely operated and exposed to liability risk.

The decision to start your own corporation will vary, depending on the needs of the business and yourself. Consider the following benefits of incorporation:

Benefits of Starting Your Own Corporation:

Liability: A corporation exists as a separate legal entity from your personal life. Any debts or lawsuits are incurred by the company, not the owner. Any business with potential for lawsuits should consult with a lawyer and consider incorporation. Incorporating will offer an added layer of protection but it is still adviseable to obtain business liability insurance.

The bad debts will often be the responsibility of the corporation. In the case of bank financing, more and more banks require business owners to sign a personal guarantee; making your personal assets collectible on a defaulted loan. Consider your options before signing.

Taxation: Another main benefit to incorporating is the taxation of a company. Corporations are often taxed at a lower rate and have better taxable benefits. Talk to your accountant about the tax advantages.

Raising Money: Financing a small business as a sole proprietorship or partnership can be difficult. A corporation can sell shares of the company and raise money easier than other business structure types.

Selling the Business: A non-corporate business is hard to valuate properly. A business corporation value will be based on the business, not the owner, therefore making it easy to sell the company.

Contact American Corporate Enterprises today to form your corporation!

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com/. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Elite Bookkeeping and Tax Services

2010-08-31T17:39:00.001-07:00

Small Businesses Skip the Health-Care Tax Credit

2010-08-27T18:26:00.001-07:00

Insurance brokers say response is low because the value of the benefit declines quickly for companies that pay average annual wages of more than $25,000 or employ more than 25 workers.

By David Lerman and Liz Smith

Sales are off by 20 percent this year at Image Computer, which repairs printers in suburban Detroit. So President Steve Olis is worried about whether he can continue paying the $71,000 a year it costs him to provide health insurance for his employees.

The Obama Administration's answer for Olis and other small-business owners: a tax credit of as much as 35 percent of the insurance premiums they pay for employee medical coverage, a signature part of the health-care reform bill signed into law in March. Image Computer, however, doesn't qualify for the credit because Olis pays his 15 employees an average of $55,600 annually, and companies with average salaries above $50,000 aren't eligible. "At some point I can't do this any longer," Olis says of his rising health-care premiums.

Eager to promote the new small-business tax credit, the government this spring mailed 4 million eligible companies postcards with highlights of the program. The response has been tepid, according to insurance brokers who sell small-group policies. The reason, they argue, is that the credit starts to phase out for companies that pay average annual wages of more than $25,000 or employ more than 25 workers. The value of the benefit declines quickly, so many business owners in high-cost states get no tax break, and those elsewhere often say the credit is too small to make much of a difference. Sales of health plans have gotten "very little traction so far," says James Stenger, director of business development for BenefitMall, which sells small-group plans in New Jersey.

Stenger says most of his clients pay their workers more than $25,000 a year, so the average tax credit he's seeing for the few who qualify is about 10 percent of the cost of the policy. That's less than $200 per worker—not enough to spur many business owners to start providing coverage. Brokers across the country report a similar response. JLBG Health in Warrenville, Ill., contacted 460 small businesses about the tax credit. Roughly 40 percent were eligible, though only seven of those companies qualified for the full benefit. Not one of the 400 New England employers served by Hampstead (N.H.)-based Landmark Benefits is eligible, the broker says. The legislation "is just not doing what we had hoped," says Steven Selinsky, the incoming president of the National Association of Health Underwriters.

U.S. Small Business Administration chief Karen Mills says complaints about the tax credit are premature. "This is all still in anecdote land," Mills said in an interview. She maintains that the income cap was needed to keep a lid on the cost of the tax credit and that the people with the greatest need—low-paid workers at the smallest companies—will be able to get coverage. Companies "want to provide health insurance [because] they're losing good employees when they don't," Mills says. "The math says [the program] is likely to be positive."

One company that has had success selling policies under the program is Blue Cross and Blue Shield of Kansas City, which launched a marketing push to promote the tax credit when the law was enacted. Although less than a quarter of small businesses in the Kansas City area qualify for the credit, the ad campaign paid off. Blue Cross has sold 227 plans to small businesses in the past three months—80 percent more than in a typical three-month period, says Tom Bowser, chief executive officer. Now, Blue Cross affiliates in other states are hoping to replicate the Kansas City marketing strategy—a combination of print ads, radio spots, and direct mail explaining the program's advantages. The success "is tangible evidence that this legislation is having some effect," Bowser says, "and we're cashing in on it."

The bottom line: Many small businesses can't take advantage of a tax credit designed to reduce the cost of providing health insurance.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Do We Need a Partnership Agreement?

2010-08-25T15:55:00.000-07:00

Starting out on a new business venture with others you know and trust is normally about planning all things you will do to make your business a success. It will very likely involve a range of issues focussing on finances, how to promote and sell the product or service and providing excellent service.

However, for most business ventures there will come a time when relying on 'what was said during the early days' is not going to work out. So what happens if things are going wrong in the business or someone wants to leave and sell their share of the business? How will you deal with it if you are having a problem agreeing between yourselves?

In the absence of a Partnership Agreement ("PA") The Partnership Act 1890 provides the legal rules that govern a partnership. Importantly, it provides that all partners are entitled to share the profits equally no matter how much money, capital, effort or skill they have put into the business and any partner can bring end the partnership by simply giving notice to all the other partners. Also, if one of the partners dies the partnership is automatically dissolved.

With a Partnership Agreement in place there is an agreed written structure for your business, which can spell out each partner's responsibilities, rights, profit/liability sharing, how to go about entering and leaving the business and also the terms on which disputes are resolved.

Typically they cover the duties and responsibilities of each partner, the management of the business, salaries, allocation of profits, borrowings and reimbursement, non-competition, powers of attorney, admission of new partners, leaving or retiring from the partnership, termination and the dispute resolution arrangements.

Having a Partnership Agreement is definitely not to be seen as a negative thing like planning how you divorce while getting engaged. It is a practical and entirely prudent way of ensuring that the business has proper foundations to deal with a range of fundamental issues that will very likely come up at some time or other.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Why Should You Incorporate?

2010-08-24T19:27:00.000-07:00

Because of the length of time corporations have been in existence, there is a long record of statutory and case law which supports the use of a corporation for asset protecti

Consequently, corporations are traditionally considered for use as the “First Line of Defense” to accomplish the goal of limited liability. Following are some important attributes and advantages to a corporation which allow it to be used for limited liability as well as other purposes.

•The corporation is a totally separate entity from any individual- it is not you, and you are not it. This is important to remember in maintaining the limited liability protection. It must be treated as a separate individual

•A corporation can buy, sell, trade, own property, own stock, make loans, etc. and anything else that an individual can do; such actions are governed by the Board of Directors

•The shareholders of the corporation do not have to live in the state in which the corporation is domiciled. Fortunately, here in Nevada, neither do the Officers or Directors

•Corporations have perpetual existence- if a Director or Officer becomes deceased, the corporation will still exist, unlike with some other entities

•There are many tax deductions available to corporations, which are not available to other entities

•It is easy to transfer assets and ownership of a corporation

•Centralized management allows ease of doing business

•Full fringe benefits can be established through a corporation

•A corporation has all of the rights of an individual except for the Fifth Amendment

Please be advised that we are not engaged in rendering legal counsel or accounting services. If legal advise, or other such services and assistance is required, the services of a professional person in that area should be sought. At your request, however, we may consult with you and render our opinion based on our business experience.

American Corporate Enterprises works with and provides services to Attorneys, CPAs, Financial Consultants, etc. in order to meet the needs of our clients. We would be happy to refer you to such a professional at your request.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Still Upbeat About the Recovery - from "You're the Boss - The art of running a small business"

2010-08-23T15:39:00.000-07:00

I know I raised some eyebrows a few months ago when I wrote that the economy was turning around (“Here Comes the Recovery!“). While lots of folks commented that they, too, were experiencing a resurgence in their business over the past few quarters, there seemed to be just as many naysayers who saw only dark clouds ahead. With the recent news that gross domestic product grew at a less-than-expected 2.4 percent in the second quarter (down from a revised 3.7 percent in the first quarter), the naysayers (including economists) who are predicting a double-dip recession are getting louder than ever.

I can tell you that I remain bullish on the recovery, especially as it applies to our company, SRC Holdings. For example, Guildmaster, our home furnishings division, closed out a record-setting July, which is historically the industry’s toughest month for sales. Last year, the company lost $110,000 for the month. This July, it turned a profit for the month for the first time in company history. And given the response it received at the recent industry trade show in Atlanta, we expect those results to continue for the rest of the year.

Sales are improving throughout every division of our business. Things are going so well, in fact, that we have been on something of a hiring spree to keep up with demand. Total United States employment at SRC is now 884 — up from 658 in July of last year. This gives me hope that other companies will begin hiring aggressively.

But, I have to admit how frustrated I am by all the contradictory news out there these days. It’s as if most people see the glass as half empty no matter what the evidence. Growth may have been slower than expected in the second quarter, but it was still growth. It sometimes seems as if we want to kill the recovery before it has a chance to gain momentum.

I wonder why we don’t focus more on all the good news out there these days. Take, for example, the news that second-quarter earnings at Caterpillar jumped 91 percent over the previous year while revenues were up 31 percent. After several years of painful job cuts, the manufacturer has begun to hire again.

Another example comes from the trucking industry, where Mark Pigott, the chairman and chief executive of Paccar, which manufactures trucks under brands like Peterbilt and Kenworth, recently outlined the good news he sees both for his company and the industry. In an earnings call with analysts, Mr. Pigott said that you can track the progress of the trucking industry by three measures: sales of parts and services, values of used trucks, and orders for new trucks. He said that through the first six months of the year, sales of parts and services are up 10 percent to 15 percent, prices for used trucks are up 10 percent, and orders for new trucks are up 30 percent.

These bits of good news were echoed by other positive earnings reports from lots of other companies, including Dupont and Microsoft. Yet, when you tune in to the news each day, you seem to find far more stories that focus on the potential downside. I feel like I’m always reading headlines like these:

“Can this earnings season keep up its winning streak?”

“Housing sales up, but still weak.”

“Chinese spending can’t save the economy.”

“Is there anything else Bernanke can do?”

Granted, hiring has yet to pick up steam and companies have been using their gains to shore up their balance sheets. But the fact that any company is still around let alone thriving after steering itself through all the storms of the past few years should be considered a positive thing. We should be celebrating these companies rather than dwelling on what they aren’t doing. It’s like we’re playing a game of Ping-Pong, where there is a constant back and forth between good and bad news. Rather than celebrate our victories, we seem to worry about our next loss.

I think part of the reason for the confusion is that there are more economic indicators than ever for people to follow. They seem to change on a daily or even hourly basis. One of the problems is that nobody seems to have faith in any of the numbers, which adds to the feeling that the glass is half empty.

But, when you talk to businesspeople — rather than just the academics, politicians or financiers — a different story starts to emerge. That’s what Timothy F. Geithner, the Treasury secretary, says he did before making his recent positive comments about the recovery. I saw Mario Gabelli, the investor, say on television that if you want to get the real story behind the economy, you should talk to leaders from businesses of all sizes, large and small. Too often, though, we read stories that ignore the folks with their boots on the ground.

The point is that we won’t be able to enjoy the fruits of a recovery until we begin to shift our vision, to stop looking back and worrying about how bad things were and begin looking forward and recognizing that things are turning around. Recoveries are fragile and we need to celebrate our victories to build on that momentum.

I’m interested in hearing from you. How do you see the world these days?

Jack Stack is the founder and chief executive of SRC Holdings in Springfield, Mo. SRC is a collection of 37 businesses and 1,200 employees who make, among other things, racecar engines and home furnishings.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Are Clients Squeezing Big Law into Small Law?

2010-08-20T18:14:00.000-07:00

Partners leaving big firms to go out on their own isn’t new, but it seems to be picking up. A growing reason is that clients have become more careful about spending. And lawyers can lower their rates after leaving BigLaw.

Clients have clamored in recent years for reduced rates, fewer associates assigned to cases and alternative billing arrangements.

"Some make a point of objecting to junior associates on the bill," Joshua Stein, a former real estate partner at Latham & Watkins, who left last month to start his own practice, told Slate for a story headlined “Leaving big law behind.”

"In the context of [my practice], those issues won't exist and, so far, what I've seen is that it's appealing to clients."

And in a recent Crain’s New York Business story along the same lines, headlined “Partners flee big law firms to go their own way,” there was this: “Clients no longer feel their day-to-day needs justify paying the $800- or $900-per-hour rates of a partner at a large firm,” says Joseph Gioconda, who left a partnership at DLA Piper last December to found the Gioconda Law Group, an intellectual property boutique that specializes in protecting corporate brands and trademarks.

Giocanda’s new firm gets a third of its income from billable hours, at $450 to $550 per hour, another third from flat-rate fees and a third from contingency arrangements.

In the past. lawyers have left BigLaw to make bigger money, because they can then eat more of what they kill; for pride of ownership in a practice that is more closely their own; for more tailored selection of clients and issues; for less bother with extra duties such as cross-selling for other lawyers in far-flung offices whom they hardly know; and for lifestyle matters.

But now, the external economics—what clients want and demand—might be holding as much or more sway.

Crain’s New York reports that more than half of 231 corporations polled last fall by Hildebrandt International—many of them Fortune 500 companies—negotiated with outside counsel on nonhourly billing arrangements, and nearly two-thirds of the companies said they were implementing a rate freeze on outside legal fees.
This, according to Crain’s, leads to lawyers leaving big firms to open boutiques. The article lists some recent moves in New York City:
• White-collar defense partner Daniel Horwitz, who was co-counsel last year for fraudster Bernard Madoff and defended David Letterman against an extortion attempt by a CBS producer, left Dickstein Shapiro in June to join the 11-lawyer firm Lankler & Carragher.

• Patent attorney John Desmarais, a top partner at Kirkland & Ellis for 15 years, left in June to start his own firm, Desmarais.

• Six partners from LeClairRyan's Securities and Exchange Commission enforcement group bolted, taking 10 lawyers with them, to form specialty boutique Murphy & McGonigle this summer.

• The chair and vice chair of Sonnenschein Nath & Rosenthal's Internet practice, Marc Zwillinger and Christian Genetski, left the firm in February to form boutique Zwillinger Genetski.

• Andrew Sandler, former head of the consumer financial services practice at Skadden Arps Slate Meagher & Flom, left last spring with 14 colleagues to form BuckleySandler.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

SBA on You Tube

2010-08-19T14:39:00.000-07:00

Here's a helpful link to the SBA's You Tube Channel. (Small Business Administration)

GO NOW

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Use a Virtual Office as a Profitable Alternative to Paying High Rent

2010-08-18T15:54:00.000-07:00

Here is another example of how obtaining a Virtual Suite is beneficial to your business!

A money-saving service that is being used by many professionals today is the virtual office. With so many business professionals working from their homes or on the go, the virtual office has evolved into a popular alternative to leasing a permanent office. It provides a creative solution which benefits the small business owner tremendously.

What is a Virtual Office?

A virtual office gives small business owners a presence in the business world for a fraction of normal rental costs. It is an alternative to leasing an office space, which can be costly for a new business owner. Virtual office services may also provide a set of online tools to help manage the small business. Although virtual office services differ, below is a list of some of the most common features.

1. Physical Business Address

Clients are provided with their own physical mailing address where business mail and small packages can be received. Virtual offices are not typically used to receive heavy volumes of mail as in a mail order business, but normal business mail quantities only. Those who operate a business from their home can use the virtual office address instead of their home address, which provides a safe and professional way to receive mail. Mail to a virtual office can be forwarded to the client 's home address.

2. Local Phone Number

Virtual office services also include a local phone number where a business owner can receive calls and messages. Voice mail and forwarding are usually included so the client can check messages at any time. This works great for someone who works from home or does not wish to tie up a cell phone line if they are continuously on the go.

3. Fax Capabilities

Being able to receive faxes is important to any business. Faxes are used to conduct business, send reports, take orders and receive memos every day. Using the virtual office fax, the client receives faxes which can be forwarded directly to his/her email.

4. Office Access

Access to a desk or work station with Internet capabilities, office equipment and more is crucial for a business. This is available for those times when the client needs to organize a presentation before a conference or use the Internet or computer for business purposes.

5. Conference Room Access

Conference rooms are available for rent with some virtual office setups. The client can hold business meetings or give sales presentations without interruption.

6. Web Conference Room Access

Web conference rooms are available for virtual meetings. Rather than hold a physical meeting, the client can hold virtual business meetings or give virtual sales presentations. Virtual meetings have gained popularity in recent years because they save time and money while providing instant presentation opportunities. Some virtual office services offer this tool as an added service.

7. Online virtual tools

Online tools such as calendar, address book, webmail, document repository, to do 's , forums, digital fax and digital voice mail have become common among many large businesses. Some virtual office services offer these tools and others as an added service.

Who can benefit by using a Virtual Office?

People of all trades find virtual offices useful. Executives, salespeople, accountants, marketing consultants and online business owners each benefit by using a virtual office for certain tasks. Those who work from home and wish to establish a business presence find that a virtual office meets this need. Corporations also use virtual offices as a means of testing a business location before opening a new branch.

When renting an office is not an option, a virtual office can be used by small business owners to meet the daily needs while saving time and money.

For more information, we encourage you to visit our affiliate, Pinnacle Executive Suites - located in Carson City, NV: Their mission statement is: "Our goal is to provide the finest office space and best service possible to make the professionals and their guests feel comfortable with their surroundings. This goal is accomplished when you come in and enjoy your surroundings. We have tried to accomplish this through upscale furnishings, to show some affluence, without being ostentatious. Our staff has been selected for their genuine desire to help our professionals with their business needs and graciously welcome your guests. Our staff has many years of experience to assure the best possible service. Contact us today at 775-884-6123 or visit our website at http://www.pinnacleexecutivesuites.com/"

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

What to Do if You Are Attacked Online: Setting a Social Media Policy for Your Business

2010-08-17T18:25:00.000-07:00

I have always been a big promoter of social media as a way to increase business. I’ve talked about it, read about it, and written more than I can tell you. But in all my years online, I had never personally been the brunt of the ugly side of social media. Until one day – I was.

Instead of a paper trail, there was a trail of online comments. There were IMs, text messages, e-mails, blog comments and even a website that all quickly led to some serious (but thankfully short-lived) issues.

Has it happened to you? Maybe a blogger you know writes something about you in a blog post that really stings. Or worse, someone you don’t know deliberately attacks you or your reputation in public–and permanently–through search engines. You may have been through something similar. No one is exempt-it happens to individuals, but it attacks small businesses too. And if you think it stings personally, imagine the blow it can deal to your small business.
That being said, I want to make this clear: A social media policy in your workplace should not shut down social media activity. To the contrary, I believe a policy should encourage activity. A policy should also protect your business and employees from getting into trouble with the law (issues like libel, defamation, leaking of confidential or damaging information, etc). It should inform employees what is acceptable and what is not, before an issue arises.
Things can blow up quickly when you least expect it.

Most people treat social media policies like long-term care insurance-they don’t think about it until they need it. By the time you need it, it’s either too expensive or too late. When something goes wrong online, it can catch you off-guard. If someone targets you or your business, it might start while you’re asleep. The next thing you know, it’s in the news headlines. And if you respond poorly, you have a fire you can’t put out (just ask Nestle).

Before you know it, the negative blog post or comment is one of the first things that comes up on Google. If you wait too long and a lot of people comment on the post, it can be very difficult to get the reference removed or displace it in search engines.
Inexperienced businesses may take situations too casually in the beginning. It’s better to address issues early on. Name the people at your company who should be informed, and plan who should respond. Make sure employees know the plan so they don’t address the attack individually. This is not a job to leave to your intern.

Decide what to do when you’re attacked online.

Let’s say someone writes something damaging about your business as a comment on your Facebook page or blog post. How would you respond? Don’t retaliate no matter how strong the urge.

Here are three possible responses:
Acknowledge the complaint, then transition to a statistic or how you are helping clients. Then offer to address the issue privately. This is the option I’d recommend for most cases – but it depends on the situation.

Delete the comment. If the comment is on your Facebook page, your blog or another site you moderate, you could delete the negative comment. If you have a policy, refer to it. Write something like, “This comment has been deleted because it violated [state reason].” I’ve deleted comments that were personal attacks on people mentioned in my post or for vulgar or explicit content. Sometimes I only delete part of the comment, always explaining why. Be careful though, as deleting comments can turn into a PR nightmare.

Ignore the negative comment, post or review. If the person is just being belligerent (it happens) and they aren’t going on a rampage, you can probably ignore it. This can backfire, though-giving the person reason to be even angrier and fight even harder to destroy your reputation–so keep an eye on the item.

Here is some helpful information from Fast Company about the social media policies of various companies.
Remind employees to be professional – this is all public.
It’s easy to type something without thinking of the implications. Time Warner Cable’s social media policy states: “On social networks where you identify yourself as an employee of TWC, be mindful that the content posted will be visible to coworkers, customers and partners. Make sure the information posted is the most professional reflection of your opinions and beliefs.”
I also liked this language from this article about libel online:
Twitter and Facebook have become a great way to sound off online. But remember that you have an audience.
Remember you always have the possibility of causing someone serious harm when you make those statements on the Web. Unless you know you’re fully protecting yourself, you should be careful what you say.
I appreciate that OrangeSoda not only allows but encourages employees to be active online. It helps the company to have people with their own networks who can send a tweet out. Sometimes we get asked to speak at conferences thanks to our social media activity. It will probably help your business too-just don’t forget there are also risks.
Bottom line: We need to have zero tolerance for cruelty online and a plan to address the downsides of social media. When you set up your policy, don’t discourage participation but do set clear boundaries for what’s acceptable and what’s not. Have a plan that you can implement quickly before an issue explodes and is harder to address.

ABOUT THE AUTHOR: Janet Meiners Thaeler is an Evangelist for OrangeSoda Inc. and the principal blogger for their corporate blog and Twitter account. She regularly advises clients on blogging and social media strategies. Her own blog is Newspapergrl.com (and Twitter account @newspapergrl). She is passionate about online marketing and is always looking for new insights, resources and trends to help her clients.

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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Obama Urges Increase To Clean Energy Tax Credits

2010-08-16T20:20:00.000-07:00

United States President Barack Obama has made an appeal to Congress to pass the increase to the clean energy manufacturing tax credits that now form part of the draft text of the Domestic Manufacturing and Energy Jobs Act of 2010.

The draft Act includes up to USD6.5bn in investment tax credits for taxpayers that re-equip, expand or establish domestic manufacturing facilities that produce advanced energy equipment.

As the government provides 30% of the investment for eligible clean energy projects, with the private investor providing 70%, these tax credits are expected to encourage more than USD22bn of total investment in domestic manufacturing facilities. It will add to the USD2.3bn of such tax credits that were originally provided by the American Recovery and Reinvestment Act.

House Ways and Means Committee Chairman, Sander Levin, said: “As the world moves toward renewable energy and a greener economy, it is necessary to accelerate a new era of American manufacturing and innovation. With the US government as a full, active and effective partner, the private sector can expand our green manufacturing capacity, ensuring that these jobs and products will be created in the US, competing globally and protecting our environment.”

Pointing to the success of the original issue of investment credits, President Obama said: “The only problem we have is, these credits worked so well, there weren’t enough to go around. More than 180 clean energy projects in over 40 states received USD2.3bn in tax credits, but the program was such a success that we received 500 qualified applications for USD8bn in tax credits.”

“I believe that if an American company wants to innovate, grow, and create jobs right here in the US, we should give them the support they need to do it. That’s why I’m urging Congress, once again, to invest USD5bn in these clean energy manufacturing tax credits. It’s an investment that will generate (an additional) USD12bn or more in private sector investment and tens of thousands of new jobs.”
Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Audit Triggers: The Biggest Red Flags to Watch Out For

2010-08-13T16:44:00.001-07:00

All in the family. When employing a spouse, child or close relative, be careful not to give them any extra-special treatment. Make sure the responsibilities of their job description are commensurate with their age and experience. Pay them the same salary you'd pay anyone else doing the same job.

In the money. An excessively high income compared to previous years can stand out and trigger an audit. And high-income taxpayers are more likely to be audited since they're more likely to be involved in complex transactions and have partnerships, trusts or businesses.

Consistency is key. The IRS will notice if your federal return is disproportionate to your state return, so be careful to ensure they're consistent.

Stay on the up and up. People who've filed frivolous lawsuits in the past are most likely always going to be audited. Considering not filing your taxes at all? Here's something that may cause you to re-think your decision: People who haven't filed their federal taxes can be picked up for fraud, hit with a felony and do jail time. Even if you don't have the funds to pay off everything you owe, Brown strongly suggests filing anyway--it's better to file and not pay all you owe than wait until you have all the funds and risk getting hit with penalties or worse.

Know your preparer. More and more, the IRS is using a software program to check up on tax-return preparers. If they notice a high error rate, they'll not only audit the return-preparer, but they'll also audit that person's clients as well. So do your homework before choosing a preparer. And if you ever have any doubt as to whether they're guiding you in the right direction, seek an outside opinion before proceeding.

Protect yourself. If you are selected for an audit, Brown recommends standing up to the IRS by getting representation. As a former IRS insider, Brown says that these days, the IRS is "a bit out of control--they aren't enforcing the tax law with professionalism."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Charging Order Protection - By: Kerry Kolvet, Esq.

2010-08-12T16:52:00.000-07:00

The protection of assets is generally one of the biggest reasons to form a legal entity. Specifically, the protection of business assets from an owner’s personal liabilities is critical to a business’ continuing success. In many states, a personal creditor may charge a stockholder’s stock with payment of a judgment. Such a remedy could result in the forced liquidation of a viable business to satisfy an owner’s personal debt to the detriment of other owners.

In Nevada, charging order protection is extended to partnerships, limited liability companies and, more recently, corporations. What this means is that a personal creditor’s only remedy against an owner’s stock is a charging order and, as a result, that creditor must wait for distributions from that entity to satisfy any judgment. The creditor cannot force distributions from the entity, nor can the creditor exercise any control over the entity, thereby allowing the business to continue operations despite the creditor’s claim.

READ ENTIRE ARTICLE (by Nevada Small Business Development Center)

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

How LLCs Are Taxed

2010-08-11T18:41:00.000-07:00

LLC owners report business income and losses on their personal tax returns.

A limited liability company (LLC) is not a separate tax entity like a corporation; instead, it is what the IRS calls a "pass-through entity," like a partnership or sole proprietorship. All of the profits and losses of the LLC "pass through" the business to the LLC owners (called members), who report this information on their personal tax returns. The LLC itself does not pay federal income taxes, but some states impose an annual tax on LLCs.

Income Taxes

The IRS treats your LLC like a sole proprietorship or a partnership, depending on the number of members in your LLC.

Single-Owner LLCs

The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS.

As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return. Even if you leave profits in the company's bank account at the end of the year -- for instance, to cover future expenses or expand the business -- you must pay income tax on that money.

Multi-Owner LLCs

The IRS treats co-owned LLCs as partnerships for tax purposes. Like one-member LLCs, co-owned LLCs do not pay taxes on business income; instead, the LLC owners each pay taxes on their share of the profits on their personal income tax returns (with Schedule E attached). Each LLC member's share of profits and losses, called a distributive share, should be set out in the LLC operating agreement.

Dividing up the profits between members. Most operating agreements provide that a member's distributive share is in proportion to his or her percentage interest in the business. For instance, if Jimmy owns 60% of the LLC, and Luana owns the other 40%, Jimmy will be entitled to 60% of the LLC's profits and losses, and Luana will be entitled to 40%. If you'd like to split up profits and losses in a way that is not proportionate to the members' percentage interests in the business, it's called a "special allocation."

Taxes assessed on entire distributive share. However members' distributive shares are divvied up, the IRS treats each LLC member as though the member receives his or her entire distributive share each year. This means that each LLC member must pay taxes on his or her whole distributive share, whether or not the LLC actually distributes all (or any of) the money to the members. The practical significance of this IRS rule is that, even if LLC members need to leave profits in the LLC -- for instance, to buy inventory or expand the business -- each LLC member is liable for income tax on his or her rightful share of that money.

File Form 1065 with the IRS. Even though a co-owned LLC does not pay its own income taxes, it must file Form 1065 with the IRS. This form, the same one that a partnership files, is an informational return that the IRS reviews to make sure that LLC members are reporting their income correctly. The LLC must also provide each LLC member with a Schedule K-1, which breaks down each member's share of the LLC's profits and losses. In turn, each LLC member reports this profit and loss information on his or her individual Form 1040, with Schedule E attached.

Consider Electing Corporate Taxation

If you will regularly need to keep a substantial amount of profits in your LLC (called "retained earnings"), you might benefit from electing corporate taxation. Any LLC can choose to be treated like a corporation for tax purposes by filing IRS Form 8832, Entity Classification Election, and checking the corporate tax treatment box on the form.

Because the corporate income tax rates for the first $75,000 of corporate taxable income are lower than the individual income tax rates that apply to most LLC owners, this can save you and your co-owners money in overall taxes.

US Business Fears International Tax Bill

2010-08-10T18:41:00.001-07:00

US business groups have criticized the Senate's approval of a bill which proposes to tighten international tax rules with the intention of curbing what Democrats consider as large scale corporate tax avoidance.

An amendment to a bill which aims to provide cash-strapped state governments with billions of dollars in additional aid to cover teachers' salaries and Medicaid bills, among other costs, would make several changes to the US foreign tax credit rules to prevent multinationals from over-claiming for tax refunds in the US in relation to income earned and already taxed abroad.

According to the Business Roundtable, the amendment, submitted by Washington state Democrat Patty Murray, would raise nearly USD10bn in new taxes on US companies with overseas business operations.

"Keeping American companies and workers competitive should be the number one goal of US tax policy," commented Johanna Schneider, Executive Director, External Relations of Business Roundtable. "However, [the] Senate vote only adds to the growing disparity between the tax policies of the United States and most other major world economies."

Schneider observed that companies in the US are already subject to the second-highest corporate income tax rate among developed countries. "Further raising these taxes will make America’s largest employers less competitive, which will undermine US economic growth and job creation," she said.

The Business Roundtable, the US Chamber of Commerce and the National Association of Manufacturers have been joined by several other US business associations in signing a letter to Congressmen which warns that the amendment would have the effect of "reducing the earnings US companies bring back from their foreign operations."

In something of an unusual step, the House of Representatives may return from its summer recess to vote on the state funding bill this week.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

What is a "Non Profit" Organization?

2010-08-09T17:28:00.000-07:00

A Non Profit organization (NPO) is a business entity where making a profit is not a primary mission. Typically, Non Profits are engaged in charitable, educational, religious, or artistic activities of public or private interest. Since Non Profit organizations cannot distribute profit to their directors, officers, or members (those who participate in the management of the Non Profit) any income generated by the Non Profit must ultimately go back into the organization. However, Non Profits can hire and pay staff to carry out operational and administrative functions.

If you choose to incorporate your Non Profit as a 501(c) corporation, you can choose from 26 types – 501(c)(1) to 501(c)(26). Section 501(c)(3) is the most common federal tax exemption for Non Profits, which exempts the Non Profit from taxes on income directly related to the organization’s mission. Therefore, many Non Profits are often referred to as 501(c)(3) corporations. Refer to IRS.gov to learn more about other types of 501(c) incorporation.

Forming a Non Profit 501(c)(3) Corporation
Incorporation for Non Profits is very similar to creating a regular corporation, but with the extra steps of applying for tax-exempt status with the IRS and your state tax department. Becoming a Non Profit corporation requires some paperwork, but for many groups the benefits of Non Profit status outweigh the complications.

Here are the steps you must take to incorporate your Non Profit:

Choose a Business Name. Your business name (1) must be different from an existing corporation registered in your state’s office and (2) must indicate that it is a corporation by ending with the words: “corporation,” “incorporated,” “limited,” or a variation of those designations.

File your Incorporation Paperwork. You must next file formal paperwork, or articles of incorporation, and pay a small filing fee to your state. These "articles" contain basic structural information, such as the Non Profit name, its registered agent and office address, and membership structure, if any. You can find information about filing articles of incorporation by state on Business.gov’s Business Incorporation page. You can also look up your state office through the National Association of State Charity Officials* (NASCO).

Create Corporate Bylaws. Corporate bylaws outline the rules of operation for your Non Profit corporation, which includes procedures like holding meetings and electing directors. Tax regulations and other state laws are often covered in the bylaws to ensure that the Non Profit is running legally.

Appoint Directors and Hold a Board Meeting. Depending on your state, your Non Profit must appoint at least 1 or sometimes even 3 directors to make major decisions in the corporation. Some states require that you appoint directors before filing your articles of incorporation. Afterward the appointment, directors formally adopt the bylaws and elect officers at the board meeting.

Obtain Licenses and Permits. You must obtain relevant business licenses and permits like any other business. Regulations vary by industry, state and locality. Use the Licensing & Permits tool on Business.gov to find a listing of federal, state and local permits, licenses, and registrations you'll need to run a business.

Start Fundraising. Now that your NPO is officially established you'll need to pay attention to its bread and butter - fundraising. State offices of the National Association of State Charity Officials* (NASCO) provide local fundraising regulations. While individual donors amount to the largest contributors to Non Profits, federal, state and local governments offer grants, loans and programs to fund NPO projects. Learn more about funding opportunities for your Non Profit on USA.gov.

Hiring Employees. If you are hiring employees, read more about federal and state regulations for employers.

Taxes: Most businesses will need to register with the IRS and state and local revenue agencies, and obtain a tax ID number or permit.

Non Profit organizations are not automatically exempt from federal and state taxes. Therefore, Non Profit organizations seeking tax-exemption must formally apply for federal recognition and in many cases state recognition. Before you apply, make sure that your Non Profit organization satisfies the following requirements from the IRS.

Eligible Non Profits can file for federal and state tax exemptions once their articles of incorporation are registered with the state. The instructions below outline the application process for Section 501(c)(3) status, the most common federal and state tax exemption for Non Profits:

Apply for Non Profit Federal Tax Exemptions. Submit an application to the IRS for your federal Non Profit status as a 501(c)(3) organization. You must file a Form 8718, User Fee for Exempt Organization Determination Letter Request and Form 1023, Application for Recognition of Exemption with the IRS. It's best to file within 27 months after the date of your incorporation. Learn more about the application process and other requirements and responsibilities of 501(c)(3) Tax-Exempt Organizations from the IRS.

Apply for Non Profit State Tax Exemptions. Laws from each state vary. Some states require a separate application, while others automatically grant you tax-exempt status when you obtain federal tax-exempt status. Other states require a copy of the letter from IRS that you have obtained federal tax-exempt status. Contact your state tax agency to find out what steps you must take.

Annual Filing Requirements. Once your Non Profit is deemed 501(c)(3) tax-exempt, you must file annually Form 990 Return of Organization Exempt from Income Tax, Form 990-EZ Return of Organization Exempt From Income Tax, or Form 990-PF Return of Private Foundation. Learn more about annual filing requirements for exempt organizations at IRS.gov.

Filing Requirements for Unrelated Business Income Tax. If your Non Profit earns over $1,000 from unrelated activities, you must file Form 990-T. For more information on taxes on unrelated business income, refer to Publication 598.

Read more about the rules and regulations of Non Profit 501(c)(3) corporations at IRS.gov.
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Small Business Expenses and Tax Deductions

2010-08-06T17:06:00.000-07:00

Guidance for the Self-Employed and Sole Proprietors:

There are two basic tax concepts new business owners need to add to their vocabulary: business expenses and capital expenses.

Business expenses are the cost of conducting a trade or business. These expenses are common costs of doing business, and are usually tax deductible if your business is for profit. For example, costs of renting a storefront, business travel, and paying employees are all deductible business expenses.

Capital expenses are the costs of purchasing specific assets, such as property or equipment, that usually have a life of a year or more and increase the quality and quantity of products and services. For example, if you own a landscaping business and you purchase mowers and excavating equipment, these costs are capital expenses and do not qualify as deductible business expenses. However, you can recover the money you spent on capital expenses through depreciation, amortization, or depletion. These recovery methods allow you to deduct part of your cost each year. In this way, you are able to recover your capital expenses over time.

READ ENTIRE ARTICLE BY Business.Gov - In association with the IRS

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Focus on Small Business - Virtual Offices Save You Money...

2010-08-05T14:55:00.000-07:00

Virtual offices allow you to work from home, save daily gas and commuting expenses. You can still have a professional image for meetings with your customers and use professionally staffed conference space on a daily or hourly basis only when you need it.

Are you thinking of starting your own business, but concerned what it will cost? Virtual offices are a unique way for small businesses to save time, money and energy while allowing them to deliver the products and services that keep their business “in business”. No need to purchase property, maintain a building, or pay added utilities and insurance premiums.

Work from anywhere. A Virtual Office gives you the freedom to operate from just about anywhere including your home. With a dedicated phone line, you can even forward calls to your home or cell, offering a professional appearance to your clients.

Works all day every day. Since the Virtual Office is there 24/7, just like any other office, customers, calls, and mail can be received on youy behalf. If a client decides to visit the physical address of your Virtual Office, they will be met by a trained, professional receptionist who can receive packages or pass on a message to you. They can even give a package to the client on your behalf if you arrange for this in advance.

Reduces the need for employees. The staff of the Virtual Office gives you the advantages of having a fully trained staff at your disposal. In addition to the reception services, some Virtual Office operations even include access to business services such as copying, secretarial services, notary services. A few centers, like Pinnacle Executive Suites, may even offer business consulting, accounting and tax services onsite.

Face-to-Face meetings. Need an office for a day or conference room for a few hours for that special meeting or interview? You can schedule that time in an upscale atmosphere on an "as needed basis" at reduced rates by being a Virtual Tenant.

Improve Your Bottom Line. By catering to large number of people with the idea of providing the services which are otherwise not affordable, Virtual Offices can help your bottom line. It is particularly advantageous to self-employed professionals and small entrepreneurs who need to be in the field delivering their services to customers.

Cost-effective. Since the additional services of the Virtual Office can be reserved on a daily or hourly basis, you only pay for those services when you use them.

Legal Address. Meet local government requirements for an occupational license by having the commercial office address of a Virtual Office and also gives the option of business mailing address. It’s of great help to those who operate from home. The client can give the address of the Virtual Office with a suite number and Pinnacle Executive Suites will accept all the mail on your behalf. What a smart way to do business!! Call Pinnacle Executive Suites today at 775-884-6123 or visit our website at http://www.pinnacleexecutivesuites.com/.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

How Elizabeth Warren Could Aid Small Businesses

2010-08-04T16:40:00.000-07:00

All things considered, American big business is doing just fine, thank you. Profits, productivity and exports are up. New hires, rehires and wage increases, as I have written, are nowhere to be seen. They're no longer part of the U.S. corporate business plan, in which higher profits are premised on having fewer employees. Sell abroad, cut costs at home -- the global marketplace that American business has created is paying off big-time.

Read more: http://www.miamiherald.com/2010/08/04/1761454/how-elizabeth-warren-could-aid.html#ixzz0vgRT7ASB

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

US Small Business Relief Bill Stalls

2010-08-03T20:49:00.001-07:00

Legislation which would extend tax breaks available for small business in the US will now not be considered until September after Congress failed to agree on a number of new amendments before the summer recess.

The Small Business Jobs Act of 2010 was introduced in Congress in June, but was first delayed as lawmakers rushed to complete the Wall Street regulation bill and then stalled as Democrats and Republicans argued over a number of amendments added by both sides.

The main thrust of the bill is towards the creation of a new lending facility to assist small firms trying to obtain credit from banks, many of which remain reluctant to lend to small businesses and start-up companies. However, the bill also contains a number of important tax breaks, measures which attracted broad Congressional support.

The legislation seeks to encourage investment in small businesses by allowing investors to exclude the gains from the sale of certain small business stock from their income for tax purposes if the stock is held for more than five years. The bill would also reduce the tax burden for small businesses by allowing them to carry back general business tax credits to offset their tax burdens from the previous five years. Additionally, small businesses would be able to count the general business credits against the Alternative Minimum Tax.

Another section of the bill would permit taxpayers to write off more of the cost of purchases for their business, such as equipment and machinery, in the year the purchase is made, and increase the types of purchases that would qualify for special expensing to include some types of real property, such as leasehold, retail and restaurant improvements.

Other proposals offered in the bill would double the amount of start-up expenditures that may be deducted by someone starting a small business, and allow self-employed individuals to deduct health insurance costs for tax purposes.

In his recent weekly radio address, President Obama accused Republicans of "holding America’s small businesses hostage to politics" by refusing to allow a vote on the bill.

"It’s a bill that includes provision after provision authored by both Democrats and Republicans," he said. "But... the Republican leaders in the Senate once again used parliamentary procedures to block it. Understand, a majority of Senators support the plan. It’s just that the Republican leaders in the Senate won’t even allow it to come up for a vote."

Senate Republican leader Mitch McConnell, however, countered that if anyone is to blame for holding up the bill, it is the Democrats.

“Our friends on the other side have outdone themselves," he stated. "We first got on this bill in late June, and since then, Democrats have set it aside six separate times to move to something else. So from the beginning this bill clearly wasn’t a priority to them."

With unemployment stubbornly high across the US, debate on the legislation, which Democrats claim will create an additional 500,000 jobs, is likely to form a key battle ground in the run up to the mid-term elections, and President Obama would be keen to put his signature on the bill before the November vote.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Brand Protection - How to Protect Your Brand

2010-08-02T16:55:00.000-07:00

Your name is your brand. I know that may sound like an obvious statement, but as the internet continues to emerge as the marketplace of choice you will have to become more aggressive in the defense of your brand.

Long before Google, if a customer had an issue with your business they would simply storm into your location and demand to speak with the manager. Now they storm onto Google and trash the reputation of your business with the use of Consumer Complaint Sites. In no way am I discrediting all consumer complaints as shallow, but the popularity of sites like Rip off Report and Complaints.com has become a hub for insidious content.

And to make matters worse search engines like Google take no responsibility for the content posted by 3rd parties, however Google is also financing and legitimizing these sites with their Google Adsense campaigns. So now you have two separate parties benefiting from one lie posted about your business. To paint an even clearer picture for you, we will now examine what I call the "Slander for Cash Scheme."

Slander For Cash Scheme

1. A customer enters your mechanic shop interested in getting a wheel alignment on their 2004 Honda Civic. After you check their car you discover that they also need four new tires and back rotors. You give the customer the price for the wheel alignment, but also inform them that they really need 4 new tires and 2 back rotors or the problem will persist. The customer determines that they will only pay for the wheel alignment and nothing more. After two months has passed, the wheel alignment is now offset again due to the poor quality of the tires. The same customer storms into your location demanding a refund, in which you pull your notes from the transaction and politely inform them of your recommendations at the time of their last service visit. The customer becomes angry because you refused to give them a refund or re-align the car for free.

2. Customer then in turn contacts the local Better Business Bureau and files a complaint claiming that your business is a scam. In addition to the complaint with the local BBB the customer also posts a one paragraph entry on Rip off Report calling you a scam artist, and your business a scam. In their posting on the complaint site the customer makes no mention of the fact that you advised them that they would need 4 new tires, and new rotors. Now you are noticing a decline in your clientele, and the national roadside companies are no longer sending you emergency calls. Despite the fact that you have been in business for over 15 years and have built an impressive reputation in your town, this one post online is now eroding your business. You have no idea why you're losing sales and have dropped down to a few loyal customers. Then one day your 16 year old daughter informs you that there is a negative article about you in Google. You heart rate increases as you type your name into the Google search box, and there it is in bold at the top of the page "ABC Auto Is A Scam."

3. You try to repost what actually happened in an attempt to prove that your business is not a scam. You even try to contact the complaint site and ask them to take the page down because it is not true, but no would reply to your emails. As you look closer at the negative post you notice that a few people have added anonymous comments also calling your business a scam. Your gut feeling tells you that the other posts are from the same guy because they were entered only minutes apart, but never the less all of the post or listed under your name. You also notice that several ads for Reputation Management companies are along the sides of the complaint site, advertising that they can remove negative sites like the one you're on. Then to add insult to injury you receive an email from the host of the site 6 weeks later saying that they are willing to remove the link for a fee of $3500. You contact your attorney in an attempt to sue the site for slander only to be informed that they are protected under freedom of speech laws.

In a recent interview with Ron Collins COO of Remove It Now.com, he shared with us a few of the challenges that small business owners are facing as they try to protect their brands from Cyber Slander.

"I'm sure that when President Bill Clinton signed into law Section 230 of the Communications Decency Act in 1996, he had no idea that it would be used in such a horrific manner. Everyday thousands of false allegations are posted online by customers who are unfairly accusing legitimate businesses of operating as scams."

How To Fight Back!

As a business owner you have the right to defend yourself against online attacks from both disgruntled customers, as well as competitors. Your brand took years to build and is in fact a symbol of your life work, which also means that it's worth protecting. Listed below are two things that you can do today that will begin the process of building a fence around your brand.

1. Create several versions of your website - The only way an attack site like Rip off Report or Complaints.com can really hurt you is if they land on the 1st page. Google will display on average 10 links on the first page that are associated with the searched keyword. In your case that keyword is the name of your business. This strategy will begin the process of taking up space on the first page of your search results, thus leaving less room for anything else to land.

2. Become your own publicist - You have a right to publish positive content about you and your business, exercise this right! Remember what I said earlier, Google remains on the sidelines of this big mess that they've created by referring to all published content as "3rd Party Submissions", therefore get your own 3rd party to defend your company. You can accomplish this without spending all of your profits, especially with the help of Social Media.

I encourage you to defend your brand as vigorously as major corporations defend their brands. What it all comes down to is money; negative online articles can put you out of business before Thanksgiving arrives. The defense of your brand is a personal fight that you must take very personally in your intensity; your legacy is depending on it.

About the Author

For more information on how to protect your brand from online attacks please visit http://www.removeitnow.com/Business-Reputation.html

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Senate Clears Way for $30 Billion Small Business Fund

2010-07-30T16:44:00.000-07:00

Washington is poised to launch its most direct attempt to revive small business lending since the financial crisis with a plan to invest up to $30 billion of federal money in small banks and give them incentives to re-lend that money to Main Street companies.

The Small Business Lending Fund, outlined by President Obama in his State of the Union speech six months ago, cleared a key Senate vote to end debate July 22 as two Republicans broke with their caucus to support the measure.

READ ENTIRE ARTICLE.

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Nevada - New Tax Benefits Aid Employers

2010-07-29T16:02:00.000-07:00

Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. The provisions are part of the Hiring Incentives to Restore Employment Act (HIRE). Employers who hire unemployed workers between Feb. 3 of this year and Jan. 1, 2011 may qualify for a 6.2 percent payroll tax incentive. Additionally, for each worker retained for at least a year, businesses may claim an additional general business tax credit of up to $1,000 per worker when they file their 2011 income tax.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Today on Bloomberg Businessweek - Obama Promotes Plan for Small Business, Raises Money

2010-07-28T18:33:00.000-07:00

Hello all,

Judge as you will. Here's the link to this article sent just moments ago. We all want a "Plan" for every kind of business whether it's small or huge. It pays to see what is happening in the media when it comes to your business.

Read Article

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Five Great Questions to Ask Vendors

2010-07-27T17:06:00.000-07:00

How easy are you to fool? Most of us tend to consider ourselves savvy professionals. After all, if you own a business, you clearly have some level of aptitude when it comes to the business world around you. Yet there are still situations where we may end up taken in, tricked, misled, or just plain romanced. The problem is, all around in the world there will always be some new technology or feature that could help change your business.

If you are smart, you at least take the time to listen to new ideas... but the downside of that openness is that you might unintentionally open yourself up to being the victim of a scam of some sort. Not every scam stinks the first moment you see it, because not every one is malicious in nature. But your time and money are valuable and you need to be able to protect yourself from those who might waste one, or both — whether they realize they are about to do it or not.

Here are five questions you should ask anyone who might be selling you something to test whether they will be a good partner to work with or if they might just be full of hot air:

1. How will you measure if our partnership is successful? Most people will be ready to answer a question of how to measure success for you and your business — or at least they should. The more challenging question is about what makes entering a relationship with your business successful forthem. The answer they give you will tell you a lot about how they see the relationship they are about to enter with you.

2. What else will I need to budget for next year? Many technology buyers are familiar with a concept commonly abbreviated as TCO — or the Total Cost Of Ownership. This simply refers to your overall cost of buying something over time. Asking the question about budgeting for the next year, though, can get a sales person to open up about ongoing costs in a way that asking about ongoing costs might not, because they can see dollar signs for future money. And the upside is that you will get real info on what your total cost of ownership will be.

3. Who else will I be working with (or what other products will I need to buy)? One of the oldest tricks in selling services professions is bringing the "A-team" to a first meeting with you and getting you to fall in love with the stars on the team (who you may not necessarily work with). To make sure you are not getting romanced by one superstar, insist on meeting more of the team members and individuals who will actually work on your business. If you are buying a product, make sure you see the other products in the range that you may need or want to purchase at some point in the future.

4. Where will I be in your range of customers? It is a fair question to ask to find out how important your business is likely to be to a new company that you will be working with. This does not, however, mean that you always need to find a company as a partner where you will be a big part of their customer list... it will just give you a sense of what you might expect and also help you ensure that you are not paying a premium for service when you know you are just a small part of the overall portfolio of customers for who you decide to purchase from.

5. What do I need to do to get a better deal in the future? Once you understand the costs that are involved in whatever you are purchasing, you should also get an answer for the future on how you might be able to negotiate a better deal. This will be valuable to know because if your business increases and you end up purchasing more, you need to know the thresholds to get more preferential pricing, or how else you can improve your contract moving forwards.

Sam's Club Getting into Small Biz Lending: Good?

2010-07-26T19:57:00.000-07:00

Jul 26, 2010 -

Is your business seeking capital? If so, a Sam's Club membership could open up access to it. The warehouse shopping centers, a division of Wal-Mart Stores Inc., recently announced plans to test a small-business loan program in partnership with Superior Financial Group LLC. Sam’s Club members who qualify for loans will be eligible to borrow from $5,000 to $25,000 from Superior Financial.

READ FULL ARTICLE

Entrepreneur.com Daily Dose - Getting The Numbers To Add Up

2010-07-23T17:16:00.000-07:00

Here's an interesting article brought to you by Entrepreneur.com.

Entrepreneur.com Daily Dose - Getting The Numbers To Add Up

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Startup Activity at Record Low: Challenger - BusinessWeek

2010-07-22T17:15:00.000-07:00

Startup Activity at Record Low: Challenger - BusinessWeek: "The New EntrepreneurStartup Activity at Record Low: Challenger
Posted by: John Tozzi on July 20, 2010
The share of high-level job-seekers exiting an outplacement program who start their own businesses dropped in the first half of 2010 to the lowest two-quarter rate on record, according to data from the outplacement firm Challenger, Gray & Christmas released July 19.
Challenger, which provides training and counseling to job seekers, says just 3.7 percent of job seekers leaving its outplacement program are going into business for themselves in the first half of 2010, compared to an average of 8.6 percent in the full-year 2009. The data is based on a quarterly survey of 3,000 people, including 75 percent to 80 percent former managers or executives, Challenger spokesman James Pedderson says in an email."

READ ENTIRE ARTICLE HERE

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Welcome to Innovation & Entrepreneurship

2010-07-22T15:18:00.000-07:00

Since the pioneers of 1800s followed the editorial advice, “Go West young man, and grow with the country,” the West has attracted entrepreneurs. Today, Nevada continues to grow in terms of intellectual property, skilled workforce and economic strength. According to the Undersecretary of Commerce for Intellectual Property, patents have more than doubled in the state during the past decade. In short, Nevada is helping America continue to lead the national and world economies.

More than a decade ago, Nevada’s leaders recognized the movement from the old economy to an innovation driven economy. The legislature put together a task force of corporate, economic development and academic communities of the state to foster entrepreneurial enterprise in Nevada. Out of this common vision Nevada’s Center for Entrepreneurship and Technology was born. The Center has become an award-winning public-private venture. Nevada has many organizations supporting innovation, commercialization and entrepreneurship.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Who Calls Nevada Home?

2010-07-21T19:37:00.000-07:00

Source: Nevada Commission on Economic Development

Nevada consistently ranks at the top of business surveys as one of the most business-friendly states in the United States. It is not surprising that entrepreneurs choose to start up in Nevada and CEOs of multi-national companies choose to incorporate or place operations in Nevada.

Who calls Nevada home?

Nevada is home to 2.6 million residents that have chosen to call the Silver State home. The state offers an enviable lifestyle with more than 300 days of sunshine annually. Nevada’s geographic location as a hub to the 11 Western states and a tax structure offers a business climate few states can match are among the reasons these businesses have chosen to call Nevada home.

Starbucks Coffee Roasting Company
General Electric
Microsoft
Harley Davidson Motor Credit
Barnes & Noble.com
General Motors
Ford Motor Credit
Sherwin Williams
RR Donnelly
Kmart/Sears
Trex
CitiBank
Amazon
Walmart
Intuit
Newmont Mining
International Game Technology
Quebecor

Government by the People—Business People

The independent spirit of Nevada pioneers is reflected in less red tape for today’s businesses. The Nevada Legislature meets only every two years. Unlike many states with professional politicians, most of Nevada’s legislators are small business owners. They understand the bottom line. And, Nevada’s Constitution requires a super-majority to raise taxes or fees.

Nevada is an “at-will” employment state. This means employers—provided there was no contract or collective bargaining agreement—may discharge employees for good, bad or no cause at all. Nevada is also a right-to-work state, and its laws are not pre-empted by federal law. Labor laws are enforced by the Nevada Commissioner of Labor. The minimum wage in Nevada is $6.55 when qualifying health benefits are offered and otherwise $7.55.

Still not convinced?

Browse through the site to learn more about Nevada’s economic advantages, workforce, infrastructure, transportation, and of course, lifestyle—or contact one of our Business Development professionals, today!

Sam's Club tests small business loans

2010-07-20T17:12:00.000-07:00

Sam's Club tests small business loans

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

The 1099 - Employees vs. Independent Contractors

2010-07-19T19:17:00.000-07:00

Our recommendation is that you form a Corporation when dealing with Independent Contractors.

Generally, an "employee" is a person who is hired by another person or business (an "employer") for a wage or fixed payment in exchange for personal services and who does not provide the services as part of an independent business. This definition can be contrasted with an "independent contractor" who is a person or entity who, as part of an independent business, becomes obligated to provide goods and/or services for a price. For example, an expert in computer systems might provide services to other businesses as a "consultant."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Nevada GOVERNOR ANNOUNCES “TAX AMNESTY” PROGRAM

2010-07-16T17:36:00.000-07:00

Although this was introduced June 30, 2010, this is helpful information from Governor Jim Gibbons about "Tax Amnesty Program". Click here to read

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Family Limited Liability Companies Info

2010-07-15T15:12:00.001-07:00

About Nevada Corporations

2010-07-14T19:53:00.000-07:00

A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada.

Nevada is well known as a corporate haven. Many major corporations are chartered in Nevada, particularly corporations whose headquarters are located in California and other Western states.

The reason for this sort of a choice is that, in general, in the United States, a corporation which operates in more than one state (or country) has a particular state where it is incorporated, to which it is a domestic corporation. In all other states where it operates and has filed papers to be allowed to operate, it is a foreign corporation, and the requirements for corporate governance in the case of a lawsuit do not use the law where the corporation is sued, but instead, the law where the corporation is a domestic corporation.

While public companies can benefit from Nevada's flexible statute, Nevada is particularly attractive to privately-held corporations, and its statute's default provisions are particularly favorable to management.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

How to Remain Hopeful During Economic Crisis | eHow.com

2010-07-13T16:13:00.000-07:00

How to Remain Hopeful During Economic Crisis | eHow.com

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

How a Corporation is Like a Person

2010-07-12T15:36:00.000-07:00

Is Your Business Killing You? - workaholic - Entrepreneur.com

2010-07-09T14:12:00.000-07:00

Is Your Business Killing You? - workaholic - Entrepreneur.com

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Is LLC the best choice for your Business?

2010-07-08T18:46:00.000-07:00

Business in the International Arena - Registration of Limited Liability Companies in the United States of America

2010-07-07T14:06:00.000-07:00

The following is a brief look at American LLCs and the possible benefits of such entities if used as a business vehicle by foreign nationals.

Limited Liability Companies (also referred to by the acronym LLC) are a relatively new legal creation. In the past, those wishing to enjoy limited liability in most American jurisdictions were required to either incorporate or form some sort of limited partnership. The relatively recent legislative creation of the "Limited Liability Company" heralded the beginning of more widely available legal protections for those wishing to conduct business in the United States as well as the global community. However, limited liability is not the only benefit for owners of American LLCs.

For a foreign national, one of the major benefits of an American LLC is the usage of American banking institutions. US banks are regarded as some of the most reliable institutions in the world and those doing their banking in the United States of America are able to enjoy the many amenities that US banking institutions have to offer; such as: online banking, merchant account services, and corporate credit as well as debit cards. That said, those wishing to enjoy these benefits should explore all options prior to making irrevocable decisions. Consultation with an American attorney may be advisable as many foreign nationals make assumptions about the American legal system that could turn out to be costly as financial penalties for violations of American corporate law can be detrimental if all proper legal formalities are not adhered to during the incorporation and perpetuation of an American LLC.

American Immigration is another facet of US jurisprudence that could prove interesting to those foreign nationals with an eye toward establishing an LLC in the United States. In certain cases, those conducting business in the USA can base a visa application upon business activity occurring in the United States. An illustration of this possibility is the American B-1 visa. The B1 visa is an American non-immigrant visa that is often utilized by those wishing to travel to the United States for business purposes (ex: specialized corporate training, international staff meetings, team building meetings, etc). American Immigration law is a very complex area of US jurisprudence. Therefore, those wishing to apply for a US visa based upon activities associated with an American company would be prudent to speak with an American Immigration attorney prior to incorporation in the USA as legal counsel may be necessary to better ensure that a legal entity's proposed activities comport with American Immigration regulations as well as substantive law.

As the planet becomes "smaller," in an economic sense, incorporating a company in the United States, with or without limited liability; although limited liability is generally advisable, could prove rewarding for those individuals who wish to conduct business in the international arena.

Benjamin Hart is an American attorney resident in Bangkok, Thailand. He currently acts as the International Director of White & Hart Ltd. and Managing Director of Integrity Legal (Thailand) Co. Ltd.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Nevada Registered Agent

2010-07-06T16:17:00.000-07:00

Nevada law (statute 78.105) requires a Nevada Corporation to retain a Registered Agent. The agent is responsible for accepting service of process and then shall notify the appropriate parties of such service. This is one of the minimum requirements, but it does not give your corporation a viable presence (see Executive Office Services below). With this service we will hand deliver your articles to the state; send filed articles and charter along with forms and information you will need. We also forward any official mail from the IRS and state of Nevada as part of this service. Registered Agent fee billed annually and is required prior to renewing with the Secretary of State.

This service is included with Basic Incorporation Service and New Nevada Corporate/or LLC Shell for the first year.

Charging Order Protection and Nevada

2010-07-05T16:17:00.000-07:00

Hello. Hope everyone had a wonderful 4th of July! I came across this article about charging order protection by the Nevada Small Business Development Center (NSBDC) and thought I'd share it with you. Here's the link:http://blog.nsbdc.org/2010/02/27/charging_orderprotection/

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

More on the Supreme Court of Florida Asset Protection Ruling

2010-07-02T16:40:00.000-07:00

Here is the actual ruling by the Supreme Court of Florida on Asset Protection. The link opens a PDF document. Click here.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Florida Surpreme Court Eliminates Asset Protection Benefit Of Single-Member Florida LLC (And Maybe All LLCs)

2010-07-01T13:00:00.000-07:00

Here is some interesting information - The Florida Supreme Court’s holding in the Olmstead v. Federal Trade Commission case, issued June 24, 2010, wherein the Court held that judgment creditors are not limited to the charging lien as their only tool to attack a debtor’s interest in a single member LLC. Creditors have other remedies available to them including, without limitation, levy and sale proceedings under Florida Statute 56.061. The ruling, at a minimum, denies single member LLCs the same asset protection benefits as multi member LLCs.

The court’s ruling is based on two features of Florida’s LLC statutes. First, cites Section 608.433(1) to show why a charging lien is the appropriate collection tool against a debtor who owns a membership interest in a multi-member LLC. That statute states the basic rule absent contrary provisions in the LLC operating agreement that an assignee (creditors are assignees) of a membership interest may become a member only if all other members so consent. If a judgment creditor were to levy on a multimember interest the creditor could not take over the debtor’s interest and could exercise no management powers without the consent of the non-debtor members. This provision, the court said, is irrelevant in a single-member LLC because that member’s creditor takes the full title and powers of the debtor member upon levy without the consent of anyone other than the debtor.

Second, the court said that although the LLC statute states that a creditor may apply for a charging lien against a debtor member the statute does not state that the charging lien is an exclusive remedy. Other creditor remedies, such as levy and sale under Section 56.061 or the appointment of a receiver, are not excluded by Florida’s LLC statute. The court contrast Florida’s partnership acts which expressly provide that a charging lien is the creditor’s exclusive remedy against a debtor’s partnership interest. (Of course, there is no such thing as a single-member partnership).

The Olmstead LLC case was decided 3-2. The majority opinion was about 14 pages long. Justice Lewis wrote a strong dissenting opinion which was almost 30 pages long. Justice Lewis argued that the court’s ruling that the charging lien is a non-exclusive remedy affect not just single-member LLCs but all LLCs organized in Florida regardless of the number of members. He said that, "The majority opinion now eliminates the charging order remedy for multimember LLCs under its theory of "nonexclusivity" which is a disaster for those entities."

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

All about Limited Partnerships

2010-06-29T15:14:00.000-07:00

This particular entity has basically the same attributes as a General Partnership except for one very important distinction:

It has Limited Partners who usually do not have liability for business management responsibilities.

Those responsibilities generally fall on the General Partner of the Limited Partnership. The responsibilities and functions are usually outlined in a partnership agreement. However, the Limited Partner does not have total limited liability. They are subject to liability in the amount that they have invested in the Limited Partnership.

One Common Mistake:

Limited Partnerships have been a popular use as an asset protection device. One of the most common mistakes made is having a person as the General Partner. They are then held totally liable, whereas, if a properly structured corporation were used as the General Partner, they have the additional liability protection offered through the corporation. This can as well offer additional privacy if Nominee Officers are used for the corporation.

Some of the additional advantages of using a Limited Partnership are:

It has been a useful tool for estate planning (Family Limited Partnerships)
Has just one level of taxation
The interests of the Limited Partner are not easily attachable by creditors and rarely can be seized or subject to a forced sale

Some of the disadvantages are:

Can be very complicated and expensive to form and properly maintain
General Partners have unlimited liability (this can be reduced of properly structured)Not impenetrable- in certain circumstances protection can be lost
If the partnership agreement is not done properly, it may be less effective

The Limited Partnership can be a great tool if done properly. For Florida residents with investment accounts, it has been an excellent tool for eliminating the Intangibles Tax.

Too often people enter into casual partnerships without taking liability into consideration.

For example, if you have a “partner” involved in a business venture with you and either they or one of their employees cause an accident that brings about a lawsuit, your assets could be at risk.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Primary Advantages of S Corporations

2010-06-28T17:50:00.001-07:00

The primary advantages S corporations have over regular corporations are tax-related. Owners of S corporations are not subjected to the double taxation all C corporations face. Profits can be passed through the owners' individual income tax, while the corporation itself is not taxed.

The main advantages corporations have over sole propriety businesses are their limited personal liability. S corporations can have this same protection but not subject themselves to corporate taxation.

Being able to easily raise funds is also another advantage corporations have over sole proprietorships. However, since a corporation is considered its own entity, the profits of a corporation are taxed, and the shareholders are taxed again for the same income. In an S corporation, shareholders directly file the income as individual income, while the corporation itself is not taxed.

Another advantage S corporations have is they can declare interest paid for S corporation stocks as an investment interest expense. S corporations are subject to similar rules as those with a sole proprietorship or partnership type of business. Since money obtained from S corporations are not considered wages, they are not subject to self-employment tax.

When starting a business, it may be undesirable to offer fringe benefits to employees, because it may not be affordable. S corporations are given favorable treatment over non-corporations due to their ability to deduct expenses such as this from their taxes. While sole proprietorships can only deduct 30% of benefits, such as medical insurance, S corporations are allowed to deduct 100% of the cost.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Why Executive Suites and Virtual Suites Help Your Business!

2010-06-25T16:39:00.000-07:00

As a web developer and designer, I often come across many different requests from my clients to provide slide shows, information via the web that will help showcase the main points a business has to offer. I created this virtual tour to show how an executive suite or virtual suite may benefit you in either getting started with your LLC or Corporation or in venturing out from your home office to develop a more sophisticated office presence. I hope you find this tour of Pinnacle Executive Suites useful! Here is the link: http://www.sitenoticed.com/Pinnacle-opening.html

by Site Noticed, Inc. June 25, 2010

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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Put Local Businesses First

2010-06-24T17:46:00.000-07:00

Bidding Preferences Make Sense for Nevada
by by Lyle E. Brennan

Here's an interesting article. Read carefully.

http://www.nevadabusiness.com/issue/0610/22/2243

Why you should use an Executive Suite

2010-06-23T20:25:00.000-07:00

Your Nevada Corporation can provide you with tremendous state tax saving benefits as well as protecting your assets, medical reimbursement plans, retirement plans, travel, etc. when correctly structured. The importance of our Executive Office Services is so that you can show beyond any doubt that your corporation is established here- something you should seriously consider. It is your proof of a Nevada presence.

•An office address- you may use this address for letterhead, advertising, etc.
•Mail service- your corporate mail will be received and forwarded on a daily basis for up to 100 pieces per quarter. Includes postage costs for regular mail. (Parcels and special shipping paid separately)
•Telephone service- your corporation will be assigned it’s own phone number which you may advertise. Our staff will answer your phone (between the hours of 8-5 PST) according to your instructions and relay messages to you. The cost for the telephone line is included.
•A listing with the local directory and directory assistance.
•1 Free unit of 24-hour voice mail included -$199 value!!
•Fax service with a number, which you may advertise for the corporation. Incoming faxes forwarded to you.
Just compare what it would cost you to rent an office, pay for phone, internet and a full time receptionist- probably over $2000 a month! This is a great alternative to help get your business started while protecting the benefits that a Nevada Corporation offers.

THIS SERVICE IS CONTRACTED WITH PINNACLE EXECUTIVE SUITES http://www.pinnacleexecutivesuites.com/. IT IS INCLUDED WITH THE PLATINUM PACKAGE.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

What is Asset Protection?

2010-06-22T18:21:00.000-07:00

Asset protection is the process by which one takes steps to prevent the risk of their personal and/or professional assets being accessed and seized by creditors and/or claimants. Assets include bank accounts, investments, real estate and more. The process is used everyone from the working class to billionaires. Naturally, the more assets one has, the more concerned they are with protecting their assets.

Asset protection is a fundamental step taken by professionals and entrepreneurs. They are at high risk of being professionally sued, thus their professional as well as personal assets are at risk of being seized in a judgment.

How does one protect their assets? There are several avenues one may use for asset protection. The “poor man’s” asset protection involves transferring personal accounts
and assets into a trusted family member or friend’s name. This is usually done for short-term assets that will be depleted in a short period of time. An example is a man who owes child support receives several thousand dollars as a lawsuit settlement. He signs the check over to his brother, and it is deposited in the brother’s account. He then spends the money from his brother’s account, and his ex wife is unable to access that money.

More sophisticated forms of asset protection are available in two forms. They are domestic and offshore asset protection. Domestic asset protection for business owners includes setting up corporations. Corporations separate your business liabilities from your personal assets. If one is sued their personal property is protected, only their business assets may be seized.

There are several types of corporations, but the most protective is a Nevada corporation. The most important thing to know about being sued is that the plaintiff’s lawyer will do an asset search on you. They will first turn to tax records to see what you own and pay taxes on.

Many business owners set up a Nevada corporation because Nevada is a tax-free state. There is no personal, franchise, corporate, stock, estate, gift, inventory or inheritance tax. Thus Nevada does not report any income (asset) to the Internal Revenue Service. Also Nevada protects business owners from personal liability against acts committed by their corporation.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Nevada State Corporation - The #1 Reason to Incorporate in Nevada

2010-06-21T16:56:00.000-07:00

It's Extremely Difficult for Anyone to Pierce Your Nevada State Corporate Veil.

First, what exactly does "piercing the corporate veil" mean? When you form a corporation, whether it's in Nevada, California, Texas or wherever, you must follow certain corporate formalities. Remember, a nevada state corporation can do everything you can do except act or think, so it does those things through your board of directors, officers and shareholders. If your corporation does not keep accurate records of meetings by minutes, and if the corporation commingles funds, it makes it easier for someone to pierce your corporate veil if the corporation is involved in a lawsuit.

The burden of proof for all three "general requirements" is on the plaintiff who is seeking to pierce the veil, and a failure to prove any of the three will result in your veil not being pierced! Essentially, Nevada says that unless they can prove fraud, your corporate veil will not be pierced. Now that's awesome protection!

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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775) 884-9380 today.

Choosing between C-Corporations and S-Corporations

2010-06-18T14:55:00.000-07:00

The Initial Decision

In the beginning stages of a Corporation's life, the difference between a C-Corporation structure and an S-Corporation structure should have little significance to the owner. Every Corporation filed with any U.S. state starts out as a General Corporation. There is therefore is no distinction between the Articles of Incorporation for a C-Corporation versus the Articles for an S-Corporation.
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Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Charging Order Protection

2010-06-17T16:02:00.000-07:00

This post by Drinkwater Law Offices

Posted in Legal, Liability Protection

By: Kerry Kolvet, Esq.

The protection of assets is generally one of the biggest reasons to form a legal entity. Specifically, the protection of business assets from an owner’s personal liabilities is critical to a business’ continuing success. In many states, a personal creditor may charge a stockholder’s stock with payment of a judgment. Such a remedy could result in the forced liquidation of a viable business to satisfy an owner’s personal debt to the detriment of other owners.

In Nevada, charging order protection is extended to partnerships, limited liability companies and, more recently, corporations. What this means is that a personal creditor’s only remedy against an owner’s stock is a charging order and, as a result, that creditor must wait for distributions from that entity to satisfy any judgment. The creditor cannot force distributions from the entity, nor can the creditor exercise any control over the entity, thereby allowing the business to continue operations despite the creditor’s claim.

LLCs and Partnerships

Nevada has long recognized charging order protection for limited liability companies and partnerships, but most states have not extended that protection to corporations. As stated above, this protection prevents a creditor from foreclosing on the ownership interest and from the forced sale of assets to satisfy the judgment.

Corporations

Nevada was the first state to provide charging order protection to certain corporations under NRS 78.746. This provision provides the exclusive remedy available to a judgment creditor related to a stockholder’s stock. The judgment creditor is only provided the rights of an assignee of the stock and has no rights to management or control of the corporation, provided that the corporation meets the following requirements:

(a) Has more than one but fewer than 75 stockholders of record, at any time;

(b) Is not a subsidiary of a publicly traded corporation; and

(c) Is not a professional corporation

These restrictions closely mirror the IRS limitations for s-corporations and include most small businesses.

Conclusion

The expansion of these rights to certain corporations helps further Nevada’s business friendly reputation. However, it is unclear when and if other states will follow suit with similar legislation which leaves the answer unclear as to whether this law will be respected outside of Nevada. © 2009 Drinkwater Law Offices

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Order Forms

2010-06-16T17:43:00.000-07:00

View our order forms to start incorporating and/or forming an LLC HERE!

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Charging Orders, State Exemptions and Other Related Laws

2010-06-15T13:51:00.000-07:00

From Nevada Lawyer Magazine - Nevada State Bar:

In addition to trust laws, Nevada has many laws not directly aimed at trusts which not only facilitate holistic estate and asset protection planning, but bolster overall trust-settling opportunities. For example, Nevada law provides for certain chargingorder- protected entities such as the limited partnership (LP), limited-liability company (LLC), and closely-held corporation. Nevada law protects the owners of such state-recognized entities from all forms of judicial remedies except that of the charging order.

READ FULL ARTICLE HERE

David M. Grant and Jeremy K. Cooper are estate planning attorneys at Jeffrey Burr, Ltd. in Las Vegas. They gratefully acknowledge the valuable insights and comments provided by Layne T. Rushforth, Esq. and J. Douglas Clark, Esq. in preparing this article.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Video regarding S Corporations

2010-06-14T10:29:00.000-07:00

Here's a video discussing the benefits of an Corporation.
http://www.youtube.com/watch?v=Fi4csSa3ylU&feature=related

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Why Nevada?

2010-06-11T10:42:00.000-07:00

Each year close to 40,000 individuals and companies incorporate in Nevada, which has established itself as the one of the best jurisdictions to incorporate. Following are many reasons why you should incorporate in Nevada.

NO STATE INCOME TAX
NEVADA IS NOW THE ONLY STATE IN THE U.S. THAT HAS A CHARGING ORDER PROVISION FOR CLOSELY HELD CORPORATIONS. THIS MEANS MORE PROTECTION FOR THE SHAREHOLDERS.
CORPORATE OFFICERS AND DIRECTORS CAN BE PROTECTED FROM PERSONAL LIABILITY FOR LAWFUL ACTS OF THE CORPORATION
ONE PERSON CAN RUN THE CORPORATION
THE STOCKHOLDERS ARE NOT A MATTER OF PUBLIC RECORD
NO FRANCHISE TAX
NO PERSONAL OR CORPORATE TAX
NO TAX ON CORPORATE SHARES
THERE IS ESTABLISHED CASE LAW THAT PREVENTS EASY PIERCING OF THE CORPORATE VEIL
OFFICERS, DIRECTORS AND STOCKHOLDERS DON’T NEED TO LIVE IN NEVADA. NOR DO THEY HAVE TO BE U.S. CITIZENS
ONLY THE NAMES OF THE OFFICERS, DIRECTORS AND REGISTERED AGENT ARE A MATTER OF PUBLIC RECORD
THERE ARE MINIMAL REPORTING AND DISCLOSURE REQUIREMENTS
NO MINIMUM CAPITAL REQUIREMENT TO START CORPORATION
NEVADA CORPORATIONS MAY ISSUE STOCK FOR SERVICES, PERSONAL PROPERTY, REAL ESTATE OR CAPITAL, WHICH MAY BE DETERMINED ONLY BY THE BOARD OF DIRECTORS
NOMINAL ANNUAL FEES

With these benefits it is no wonder that properly structured Nevada Corporations are utilized by thousands of large companies and savvy entrepreneurs.

There is no other state that compares when it comes to protection and privacy.

The Business Plan: Not Just a Blueprint

2010-06-02T09:58:00.001-07:00

Business planning is a vital component of starting and growing a successful enterprise. Many different templates and variations of business plans exist, so you must choose the right one for your purpose and your enterprise.

Who is the intended audience?

Some business plans are designed for internal audiences (owners, employees, Boards of Directors or Advisors, and senior management) for an existing organization for the purposes of implementing a growth strategy and may be referred to as a strategic plan. It can also serve as a guide solely for the owner of a new business to help clarify their vision and goals.

A business plan could also be for external audiences (investors, clients, suppliers, new hires, bankers and other lenders such as government) for the purposes of attracting financing, talent or suppliers for a new or existing business. A document for this audience may initially take the form of a condensed version of the larger business plan, especially for attracting funding. This version is known as the business opportunity document or business funding proposal and is typically followed by the business plan itself. Obtaining financing is a significant issue for many businesses and this tool can be an enormous advantage when approaching investors or lenders.

What goes in the business plan?

The business plan is a comprehensive document that is created to describe the future of the venture, consisting of:

* executive summary
* company history and background
* clear description of the business concept and value proposition
* marketing analysis including competitive analysis and market development plan
* production and operations assessment and development plan
* financial assessment and projections
* management and human resources assessment and plan
* implementation plan
* identification of resources
* proposed deal structure for investors (if appropriate)
* survival strategy describing inherent risks and mitigation strategies
* growth strategy
* exit strategy
* appendices

Some of these may be longer or shorter, or even optional, depending on the format and the intended audience.

The reader should be able to clearly understand what the value proposition is, why the business will succeed and how it is going to achieve this success. If the plan is being pitched to investors, the investor should understand as soon as possible what the proposed deal structure is and what the return will be. To do this you must support any claims and assumptions about what the business will do with realistic research.

Limited Liability Company (LLC)

2010-05-26T10:16:00.000-07:00

At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today and visit our website at www.americancorpenterprises.com.

A limited liability company is a hybrid-type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.

The “owners” of an LLC are referred to as “members.” Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations, other LLCs, and even other entities.

Unlike shareholders in a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses are “passed through” the business to each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.

Forming an LLC
While each state has slight variations to forming an LLC, they all adhere to some general principles:

Choose a Business Name. There are 3 rules that your LLC name needs to follow: (1) it must be different from an existing LLC in your state, (2) it must indicate that it’s an LLC (such as “LLC” or Limited Company”) and (3) it must not include words restricted by your state (such as “bank” and insurance”). Your business name is automatically registered with your state when you register your business, so you do not have to go through a separate process. Read more here about choosing a business name on Business.gov.

File the Articles of Organization. The “articles of organization” is a simple document that legitimizes your LLC and includes information like your business name, address, and the names of its members. The form is provided by and filed with your state’s LLC office. For most states, you file with the Secretary of State. However, other states may require that file with a different office such as the State Corporation Commission, Department of Commerce and Consumer Affairs, Department of Consumer and Regulatory Affairs, or the Division of Corporations & Commercial Code. Note, there may be an associated filing fee.

Create an Operating Agreement. Operating agreements are not required by most states and are not filed at your state office. However, an operating agreement is highly recommended for multi-member LLCs because it structures your LLC’s finances and organization, and provides rules and regulations for smooth operation. Percentage of interests, allocation of profits and losses, member’s rights and responsibilities, and other provisions are usually included here.

Obtain Licenses and Permits. Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality. Use the Licensing & Permits tool on Business.gov to find a listing of federal, state and local permits, licenses, and registrations you'll need to run a business.

Hiring Employees. If you are hiring employees, read more about federal and state regulations for employers.

Announce Your Business. Some states, including Arizona and New York, require the extra step of publishing a statement in your local newspaper regarding the formation of your LLC. Check with your state’s business filing office for requirements in your area.

Filing Taxes
In the eyes of the federal government, an LLC is not a separate tax entity, and therefore the business itself is not taxed. Instead, all federal income taxes are passed on to the members of the LLC and are paid through their personal income tax. While the federal government does not tax income on an LLC, some states do, so check with your state’s income tax agency.

Since the federal government does not recognize LLC as a business entity for taxation purposes, all LLCs must file as a corporation, partnership, or sole proprietorship. Certain LLCs are automatically classified and taxed as a corporation by federal tax law. For guidelines to how to classify an LLC, please visit IRS.gov.

LLCs that are not automatically classified as a corporation can choose their business entity classification. To elect a classification, an LLC must file Form 8832. This form is also used if an LLC wishes to change their classification status. Read more about filing as a corporation or partnership and filing as a single member LLC at IRS.gov.

The following tax forms should be filed depending on your classification:

Single Member LLC. A single-member LLC files Form 1040 Schedule C like a sole proprietor.
Partners in an LLC. Partners in an LLC file a Form 1065 partnership tax return like owners in a traditional partnership.
LLC filing as a Corporation. An LLC designated as a corporation files Form 1120, the corporation income tax return
The IRS guide to Limited Liability Companies provides all relevant tax forms and additional information regarding their purpose and use.

Combining the Benefits of an LLC with an S-Corp
There is always the possibility of requesting S-Corp status for your LLC. A small business attorney can advise you on the pros and cons. You'll have to make a special election with the IRS to have the LLC taxed as an S-Corp using Form 2553. This must be filed prior to the first two months and fifteen days of the beginning of the tax year in which the election is to take effect. For more information about S-Corp status, visit IRS.gov or read Should My Company be an LLC, an S-Corp or Both? on Business.gov.

The LLC remains a limited liability company from a legal standpoint but for tax purposes can be treated as an S-Corp. Be sure to contact the state's income tax agency where the election form will be filed. Ask them whether or not they recognize elections of other entities such as the S-Corp and what the tax requirements are.

Advantages of an LLC
Limited Liability. Members are protected from personally liability for business decisions or actions of the LLC. This means that if the LLC incurs debt or is sued, members are not required to satisfy the claims with their personal assets. This is similar to the liability protections afforded to shareholders of a corporation. Keep in mind that limited liability means “limited” liability - members are not necessarily shielded from their or their employees' tort actions, such as accidents.

Less Recordkeeping. An LLC’s operational ease is one of its greatest advantages. Compared to an S-Corporation, there is less registration paperwork and there are smaller start-up costs.

Sharing of Profits. There are also fewer restrictions on profit-sharing within an LLC, as members distribute profits as they see fit. Members might contribute different proportions of capital and sweat-equity. Consequently, it's up to the members themselves to decide who has earned what percentage of the profits or losses.

Disadvantages of an LLC
Limited Life. In many states, when a member leaves an LLC, the business is dissolved and the members must fulfill all remaining legal and business obligations to close the business out. The remaining members can decide if they want to start a new LLC, or part ways. However, you can include provisions in your operating agreement to prolong the life of the LLC, should a member decide to leave the business.

Self-Employment Taxes. Members of an LLC are considered self-employed and must pay the self-employment tax contributions towards Medicare and social security. The entire net income of the LLC is subject to this tax.
For more information about LLC's, visit our website at http://www.americancorpenterprises.com.

Sole Proprietorship

2010-05-26T10:07:00.000-07:00

A sole proprietorship is a business owned and managed by one individual who is personally liable for all business debts and obligations.

Sole proprietorships are the most common - and simplest - form of business organization. Sole proprietorships are owned by one person who is generally also responsible for the business’s day-to-day operational responsibilities. Sole proprietors operate in many different capacities, including full and part-time businesses, individually run businesses or those with employees, and traditional, home-based, or online businesses in all different industries. Sole proprietors own all assets and profits of the business and also assume complete responsibility for business liabilities and debts.

Forming a Sole Proprietorship
Unlike other business structures, when forming a sole proprietorship, you do not need to register your business with the state. Starting a sole proprietorship is often as simple as selecting a business name and obtaining appropriate licenses and permits. Check with your state business entity registration office to be sure that you’ve satisfied all local requirements.

Many states require a sole proprietor to operate under their personal name unless they formally file a trade name, or a "Doing Business As" (DBA) name.

Next, you must obtain business licenses and permits. Regulations vary by industry, state and locality. Use the Licensing & Permits tool on Business.gov to find a listing of federal, state and local permits, licenses, and registrations you'll need to run a business.

If you are hiring employees, read more about federal and state regulations for employers.

How Sole Proprietorships are Taxed
Most businesses will need to register with the IRS and state and local revenue agencies, and receive a tax ID number or permit.

Sole proprietors file their business taxes on their personal income tax returns. When filing, owners must clearly keep personal and businesses finances separate. Since the two are so closely intertwined, this is often difficult, but it’s important for all sole proprietors to maintain accurate business records.

Tax Forms for Sole Proprietors:
Sole proprietors file Schedule C or Schedule C-EZ, Profit or Loss from Business, with their Form 1040.

In some cases, additional forms are required for sole proprietors:

Self-Employment Tax – For individuals who work for themselves, this includes a social security and Medicare tax. The IRS Guide to Self-Employment Tax has more information on paying this tax.
Estimated Tax – Used to pay tax on income that is not subject to withholding. Sole proprietors generally must pay estimated taxes for $1000 or more when filing their return. The IRS Guide to Estimated Taxes has more information on calculating and completing these forms.
The IRS guide to Federal Tax forms for Sole Proprietorships provides these forms and instructions regarding their use.

Advantages of a Sole Proprietorship
Easy and Inexpensive. For inexperienced entrepreneurs, sole proprietorships are a practical incorporation option - they are generally the least expensive and simplest business structure. Similarly, they are also easy to dissolve if the business does not go as planned.

Control of Operations. Sole proprietors are in complete control of their business. Within the parameters of business laws and regulations, owners have the right to make all operating decisions regarding their business as they see fit..

Receive and Allocate Income. All income generated by a sole proprietorship is received by the owner to keep or reinvest according to their discretion.

Disadvantages of a Sole Proprietorship
Unlimited Liability. With the privilege of total control, sole proprietors also assume liability. Owners are legally responsible for their business’s financial obligations, meaning your personal assets can be used to help satisfy debt incurred by the business.

Funding Difficulties. Sole proprietorships are often at a disadvantage when it comes to raising capital. Because sole proprietorships tend to start small and can be relatively unstable, investors are typically not drawn to them. Start-up capital is often limited to a combination of personal assets and loans.

Attracting Employees. Sole proprietorships tends to be less attractive to prospective employees because they generally do not offer as many employment benefits. There is also no chance of ownership potential, which may turn off driven workers. For more information about Sole Proprietorships, visit our website at www.americancorpenterprises.com

American Corporate Enterprises, Inc. - Limited Partnership

2010-05-04T16:33:00.001-07:00

American Corporate Enterprises, Inc. - Entity Types: "Limited Partnership
This particular entity has basically the same attributes as a General Partnership except for one very important distinction: It has Limited Partners who usually do not have liability for business management responsibilities. Find out more about LPs by visiting our website at http://www.americancorpenterprises.com/types_lp.html"

American Corporate Enterprises, Inc. - S Corporation

2010-05-04T16:33:00.000-07:00

American Corporate Enterprises, Inc. - Entity Types: "S Corporation
The S Corporation also offers the limited liability factor, but is also not a taxable entity at all. However, while the S Corporation is not taxed, the profits it generates, whether distributed or not, is taxable to the shareholders at their own personal tax rate. Find out more about S-Corps here"

American Corporate Enterprises, Inc. - Limited Liability Company

2010-05-04T16:31:00.000-07:00

American Corporate Enterprises, Inc. - Entity Types: "Limited Liability Company
In recent years this relatively new business entity (new compared to corporations that is) has generated a substantial amount of interest due to the fact that it provides both the limited liability of a Corporation and the single level pass through taxation of a Limited Partnership. Find out more about LLCs..."

American Corporate Enterprises, Inc. - Why Incorporate?

2010-05-04T15:51:00.000-07:00

American Corporate Enterprises, Inc. - Why Incorporate?:
Because of the length of time corporations have been in existence, there is a long record of statutory and case law which supports the use of a corporation for asset protection.
Consequently, corporations are traditionally considered for use as the “First Line of Defense” to accomplish the goal of limited liability. Following are some important attributes and advantages to a corporation which allow it to be used for limited liability as well as other purposes."

•The corporation is a totally separate entity from any individual- it is not you, and you are not it. This is important to remember in maintaining the limited liability protection. It must be treated as a separate individual
•A corporation can buy, sell, trade, own property, own stock, make loans, etc. and anything else that an individual can do; such actions are governed by the Board of Directors
•The shareholders of the corporation do not have to live in the state in which the corporation is domiciled. Fortunately, here in Nevada, neither do the Officers or Directors
•Corporations have perpetual existence- if a Director or Officer becomes deceased, the corporation will still exist, unlike with some other entities
•There are many tax deductions available to corporations, which are not available to other entities
•It is easy to transfer assets and ownership of a corporation
•Centralized management allows ease of doing business
•Full fringe benefits can be established through a corporation
•A corporation has all of the rights of an individual except for the Fifth Amendment
Please be advised that we are not engaged in rendering legal counsel or accounting services. If legal advise, or other such services and assistance is required, the services of a professional person in that area should be sought. At your request, however, we may consult with you and render our opinion based on our business experience.

American Corporate Enterprises works with and provides services to Attorneys, CPAs, Financial Consultants, etc. in order to meet the needs of our clients. We would be happy to refer you to such a professional at your request.

Find out more about American Corporate Enterprises by visiting our website at http://www.americancorpenterprises.com.