Ch. 17: Domestic Corporations
Ch. 17: Domestic Corporations
General Corporation Law
Links to the Delaware General Corporation Law and selected opinions interpreting that legislation are available at http://www.assetprotectionbook.com/delaware.htm
Synopsis: Discusses basic operation of the Delaware General Corporation Law.
Definition: Registered Agent -- An agent for the corporation who is domiciled in the state of incorporation and is available to receive service-of-process on behalf of the corporation.
Corporations and Bankruptcy Remote Entities
Synopsis: Discusses the importance of creating liability-producing corporations as bankruptcy remote entities.
Definition: Bankruptcy Remote Entity (BRE) -- A business entity structured so that in the event of a bankruptcy the liabilities created by the entity do not pass to any other entities or assets of the owner.
Choosing the State or Incorporation
Synopsis: Discusses the relative importance of choosing the state of incorporation, and the concerns where the corporation will hold real state in another state.
Rights of Creditors
Synopsis: Discusses forum-shopping strategies by creditors to get around the corporate protections.
Professional Corporations
Synopsis: Discusses the benefits of professional corporations.
Definition: Professional Corporation (PC) -- A form of corporation that can have only certain licensed professionals as shareholders, and which typically does not protect the professional shareholder from lawsuits brought alleging their professional negligence.
Registration of Foreign Corporation
Synopsis: Discusses the necessity of registering a corporation in a particular state when it has been incorporated elsewhere.
Nevada Corporations
Synopsis: Discusses Nevada corporations, and how Nevada corporations are shamelessly marketed by promoters as being much more effective than they really are.
Definition: Nevada Corporation -- A corporation formed in Nevada pursuant to Nevada's corporation act, which provides debtors some advantages not typically found in the corporation laws of other states. Unfortunately, the advantages are usually grossly overstated by promoters who arrange structured based on Nevada corporations that have very serious flaws from the asset protection perspective. Nevada corporations are usually the primary part of the "Asset Protection Consultants" scam that is run from Nevada.
Links to the Nevada Corporation Law and selected opinions interpreting that legislation are available at http://www.assetprotectionbook.com/nevada.htm
General Corporation Law
Links to the Delaware General Corporation Law and selected opinions interpreting that legislation are available at http://www.assetprotectionbook.com/delaware.htm
Synopsis: Discusses basic operation of the Delaware General Corporation Law.
Definition: Registered Agent -- An agent for the corporation who is domiciled in the state of incorporation and is available to receive service-of-process on behalf of the corporation.
Corporations and Bankruptcy Remote Entities
Synopsis: Discusses the importance of creating liability-producing corporations as bankruptcy remote entities.
Definition: Bankruptcy Remote Entity (BRE) -- A business entity structured so that in the event of a bankruptcy the liabilities created by the entity do not pass to any other entities or assets of the owner.
Choosing the State or Incorporation
Synopsis: Discusses the relative importance of choosing the state of incorporation, and the concerns where the corporation will hold real state in another state.
Rights of Creditors
Synopsis: Discusses forum-shopping strategies by creditors to get around the corporate protections.
Professional Corporations
Synopsis: Discusses the benefits of professional corporations.
Definition: Professional Corporation (PC) -- A form of corporation that can have only certain licensed professionals as shareholders, and which typically does not protect the professional shareholder from lawsuits brought alleging their professional negligence.
Registration of Foreign Corporation
Synopsis: Discusses the necessity of registering a corporation in a particular state when it has been incorporated elsewhere.
Nevada Corporations
Synopsis: Discusses Nevada corporations, and how Nevada corporations are shamelessly marketed by promoters as being much more effective than they really are.
Definition: Nevada Corporation -- A corporation formed in Nevada pursuant to Nevada's corporation act, which provides debtors some advantages not typically found in the corporation laws of other states. Unfortunately, the advantages are usually grossly overstated by promoters who arrange structured based on Nevada corporations that have very serious flaws from the asset protection perspective. Nevada corporations are usually the primary part of the "Asset Protection Consultants" scam that is run from Nevada.
Links to the Nevada Corporation Law and selected opinions interpreting that legislation are available at http://www.assetprotectionbook.com/nevada.htm
Labels: bankruptcy remote, corporation, delaware corporation, domestic corporation, foreign corporation, nevada corporation
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