Nevada Investment Holding LLC |
Unlike in many other states, A Nevada Limited Liability Company does not require a "business purpose" to be formed. A Nevada LLC can be operated as "an investment holding company" or "an investment management company" and simply "hold and manage" assets. In this way "personal assets" can be protected from judgments.
Cash, investment securities, notes, receivables, investment real estate, a personal residence, patents, trademarks, copyrights and shares in a closely held corporation are all eligible. In exchange for transferring assets to the LLC, you receive a membership interest.
A Nevada LLC used in this way is a very powerful asset protection tool. Many wealthy persons spend tens of thousands of dollars developing complex strategies to protect assets. For the average person with moderate assets this strategy is affordable and extremely effective.
It is important to understand that the "Nevada Investment Holding LLC" that holds these assets should not be used for any other kind of business or consulting. It should not sign any contracts or do anything that may result in liability. If the LLC itself is sued all of it’s assets would be put at risk. "High risk" assets and "safe" assets should be separated and not held within the same LLC.
Ready to incorporate a Nevada Investment Holding LLC? Two packages are necessary:
the Nevada Incorporation (State Fees) Package and the Nevada Privacy & Corporate Virtual Office Package.
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