Using our personal credit to support and further the growth of our businesses has created problems for business owners large and small. This article points out many things that we already know, but it also goes further. It points towards a future of reduced credit lines as well as higher interest rates. This is one important reason why it is necessary to build business credit and not rely on your personal credit to do a job that is too difficult for even Hercules to handle.

Is your lawyer willing to tell you everything you need to know about asset protection?

The Majority Rule among the states is that the law of the state where a corporation is formed will be applied when addressing the question of whether a corporation’s veil should be pierced and the shareholders’ or corporate officers’ personal assets seized.

The state of Nevada, which offers the best asset protections laws in the nation, is leading the pack in incorporating large and small businesses alike. There are more businesses incorporated in the State of Nevada than any other state in the country.