Business Entity Separate From Owner?

Nevada subscribes to the old adage that “if it looks like a duck, swims like a duck, and quacks like a duck, then it’s probably is a duck”. If a person’s company looks like nothing more than an extension of the company’s owner(s), then the court may disregard the company as a separate entity form its owner(s).

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The Mistake of Focusing Only On Current Business Demands

Estate Planning is an essential part of business planning. It is not unusual for business owners to think much of business plans, entity formation, marketing, and bookkeeping, and give very little thought to estate planning. I believe this is because most new business owners are so consumed with the setting up and day to day operation of their business, that they give little thought to the future. This is a mistake.

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