You may have heard a lot about Nevada billed as the ultimate solution for incorporation. In theory, it sounds great – asset protection, privacy protection, and tax benefits all rolled into one.

Unfortunately, most of the people still pushing this concept either have outdated information or are trying to con you out of some extra fees.

In recent years, the state has taken quite a beating. It’s not the do-all end-all it once was.

Usually when people want to form a Nevada corporation, they’re after these benefits:

1. To save on state income taxes, and/or
2. To conceal ownership of the company

Sometimes people also say they want their Nevada corporation because of the state’s excellent entity laws or they want to utilize what’s called a “series LLC.”

On the surface these sound like great reasons, but the reality reveals a dangerous half-truth. To really understand if a Nevada corporation is right for you, we need to look at each of the benefits in more detail.

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Identity theft scammers get more and move clever every year. What used to be obviously fake e-mails and laughably bogus questions from prospective “customers” have now evolved into devilishly sneaky methods to harvest your personal information and tap your bank account.

Unlike the exotic romanticism of so-called “hackers” portrayed in movies, most of the online scams rely on posing as a trusted figure of authority who gets you to spill your own beans by asking a few simple questions. They call this human, or “social engineering.”

The solution here is NOT to stop using online services like Craigslist, Paypal, and eBay… but rather to look out for a few simple tell-tale signs that something’s not quite right.

In poker, professional gamblers are always on the prowl for “tells” – subtle indicators of true intention from the lesser mortals surrounding the table. To successfully do business online with safety and security, you too must become one of the pros.

It’s not hard. In fact, it’s really quite easy once you know what to look for.

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