A certified copy is a copy of any articles or forms filed with the state which have been certified by the state.
What is this?
Often, a certified copy can be ordered at the time of filing, or is automatically sent when the articles have been filed. In certain situations, a certified copy of a document might be required and have date provisions. As an example, if you are foreign filing a corporation into Illinois, they require you to have a certified copy of the articles of incorporation from the last 90 days. These can be ordered through third party companies, but at a premium cost. They should always be ordered directly from the Secretary of State.
Why would I need a certified copy?
- Foreign filing your entity into another state (depending on the state)
- Opening a bank account (depending on the bank)
- Certified copies do not need to be ordered until specifically requested by a bank, state, or company you are working with.
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The wrong setup of your business now could mean more taxes and liability later. That’s where we’re really different. We take a comprehensive look at your situation not only from a legal asset protection perspective but also from a tax savings and financial planning perspective.
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Take a look at these actual client stories to see how much of a difference an Anderson plan can make.
We set up a Nevada LLC for a client with significant savings. She was sued 3 years later for an environmental claim stemming from property she owned over 30 years before. Plaintiff wanted over $2 million in damages for the cleanup. After we disclosed that her assets were protected by a Nevada LLC and a HELOC on her residence Plaintiff accepted less than $100k in a settlement.
A bank wanted to pursue one of our clients for a deficiency judgement ($5.5 million) for commercial real estate he lost in foreclosure. Once the bank found out how we protected all of our clients remaining assets with LLCs and a Nevada holding LLC the bank’s attorney stated “we decline to seek a deficiency judgment given the complicated structure you have weaved for yourself”.
Our client purchased property in a LLC and it was later discovered the soil beneath the property was contaminated. The state sued the LLC to clean up the land. Client walked away from the property without any personal liability. Without the LLC he would have been on the hook for over $1 million.
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