Maintaining your entity: What you need to know about Nominee Services
In this episode of Coffee with Carl, attorney Carl Zoellner covers everything you need to know about maintaining your entity and nominee services.
It’s the final countdown…
Well, of this little entity series.
And to keep with the traditional theme, let’s skip the ice breakers.
Here’s what you need to know about the unlimited nominee service.
If you’re using our nominee service (which is essentially one of our attorney’s names listed as the nominee for your business entity) there can be an annual cost to maintain that nominee service and continue using that name.
And the reason is because you’re using one of our attorneys as your nominee, and there’s a filing to update on an annual basis (usually it’s pretty minimal).
In a nutshell, that’s the nominee service.
It’s using someone else who’s not you, on either an entity or maybe even a land trust. This is just one other factor to consider for annual renewals.
If you have additional questions and are already a client, feel free to ask those questions of your advisor attorney, even folks on our business continuity team can help you with that. Also, if you need a breakdown of those things, please let us know.
So until next time, thank you for joining me with another episode of “Coffee with Carl.” If you do like this content, I would encourage you to subscribe and hit the like, so we can continue to make more content.
Keep taking advantage of our FREE educational opportunities and the free content we put out on the web. So that’s Toby’s Tax Tuesday, our tax and AP events for our clients who’ve already gone through our Tax and Asset Protection event.
Our Structure Implementation Series is fantastic. That answers a lot of the questions you have in the beginning. So there are a lot of different educational opportunities out there. One of my favorites as well is our Infinity Investing Workshop.
Resources mentioned in this video:
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