CenterPoint Corporate Services' new small business web community addresses a growing problem. Forming LLCs and Corporations online may open business owners to personal liability and loss of personal assets. Many online services offer incomplete business formations that may not provide the protection business owners seek when forming an LLC, C-Corp, or S-Corp.
Incline Village, NV (PRWEB) April 29, 2008 -- Thousands of business owners looking to save on the cost of forming their corporation or LLC turn to online services. Many services offer simple, inexpensive but often incomplete packages to form an LLC or corporation that may create potential exposure to loss of the new business owner's personal assets.
As an active response to demand for comprehensive organizational services, CenterPoint Corporate Services, Inc. launched its new small business web community. The CenterPoint website can be used to create LLCs and corporations. It combines the ease and affordability of online formation with the completeness one expects from a corporate law firm.
Frequently, entrepreneurs utilize online services to form a corporation or LLC. Businesses can save thousands of dollars by choosing the online alternative. However, a review of online site offerings reveals that many business owners form a corporation or LLC and may not get the protections that they want and need.
"Filing the Articles is just the first step in a comprehensive asset protection strategy," says E. Alan Tiras, Esq., a Nevada corporate attorney. "A court will look closely at whether a corporation or LLC is undertaking all the necessary and customary formalities of running a business to establish the strength of what is called the 'corporate shield'."
Areas of concern include: bylaws or operating agreements, a separate bank account so that business funds are not commingled with the owners' personal funds, a business license in the state where they are organized and where they have a physical presence, annual filings, and a physical location in the state of formation. If these formalities aren't followed, business owners may leave their assets unprotected and risk losing their home, savings, and cars in a lawsuit.
"We want to make sure that our clients are educated and understand what they need to secure the protections that they are looking for," says Alex Cole, VP of Marketing and Sales for CenterPoint. "We include all the critical documents that every corporation or LLC needs at competitive prices, no hidden fees and nothing left out, basically a turnkey solution."
CenterPoint Corporate Services, founded by a Nevada corporate attorney, is headquartered in Incline Village, Nevada and currently offers online business formations in Nevada.
For more information about this topic, or to schedule an interview with Alex Cole, please call Linda Pfotenhauer at 877.901.5800 or e-mail lpfotenhauer @ centerpointservices.com.
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