Legal Question in Business Law in Nevada
Incorporating a new company or adding a subsidiary?
We have an incorporated company in Nevada and we are wanting to establish a seperate entity in order to transfer funds and assets to as well as act as a flow through company. Our question: What are the advantages of starting a new corporation for this process as opposed to adding this entity as a wholly owned subsiduary to our existing corporation?
Thanks.
Asked on 4/16/07, 2:21 pm
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
Re: Incorporating a new company or adding a subsidiary?
The advantage is the asset protection provided by the second entity as opposed to the subsidairy.
Answered on 4/17/07, 1:04 pm
Related Questions & Answers
-
Shareholders investments We have 4 stockholders in the corporation broken down as... Asked 4/08/07, 5:09 am in United States Nevada Business Law
-
Incorporation I live in Nevada and own rental properties in California which are... Asked 3/26/07, 7:03 pm in United States Nevada Business Law
-
Business is it legal for an employeer to have you sign a non compete form after you... Asked 3/20/07, 11:57 am in United States Nevada Business Law
-
Paying bills through the mail does the post mark on the envelope when paying a... Asked 2/16/07, 1:22 pm in United States Nevada Business Law
-
Franchise Law We purchased a franchise. Original company had track record, name... Asked 2/02/07, 9:11 am in United States Nevada Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
