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THE NEVADA LIMITED LIABILITY COMPANY: NRS 86

The NEVADA LIMITED LIABILITY COMPANY (LLC) is a statutory entity, established by the State of Nevada via Nevada Revised Statues (NRS #88). An LLC is an entity unto itself. It is totally separate from all individuals, i.e. its Members, Managing Member(s) and employees. In the eyes of the State of Nevada a LLC is an "individual" and via its OPERATING AGREEMENT (O/A) can do virtually anything a real individual can do, say, buy, sell, own property, real or personal, create debt, raise capital and funds, etc. etc. Major changes in the O/A are effected by Member Resolutions.

Nevada has become an absolute haven for LLC's offering VIRTUALLY TOTAL IMMUNITY against litigation for its members, and NEVADA has no state LLC or individual income tax.

Nevada LLC's further have no franchise tax, no capital gains tax, no transfer tax, no inheritance tax, no inventory tax, no minimum capital requirements and most important, no communication or disclosure with United States Internal Revenue Service.

An LLC to become a legitimate entity, should have a business address, which can be Nevada Registrations, Inc's offices, a bank account, a telephone and both a Nevada and Clark County business license. All of these can be affected in less than 28 hours.

The LLC offers great IRS tax savings. For "openers", there is no tax on the LLC itself, all taxable income drops directly thru to the individual Member's personal 1040 IRS return, which can start as low as 5%. The LLC offers full deductibility of many of the individuals after tax living expenses. A short list of these can be company vehicles, insurance premiums life, accident and disability income, meals, travel, entertainment, IRA and 401(k) plans etc. etc.

Please call upon me to confidentially expand upon many of the tax minimizing strategies that I have developed thru many business years.

The LLC can be chartered in the State of Nevada in twenty four (24) hours and that includes the Employer Identification Number (EIN) and an excellent generic & model OPERATING AGREEMENT (O/A) that totally mirrors the NRS's thus to maintain your LLC in good standing with the State of Nevada at all times. Bank accounts and credit card applications opened the same day.

BY MAKING IRS APPLICATION (2553) FOR SUB-S STATUS YOU CAN COMPLETELY ELIMINATE THE 15.3% SELF EMPLOYMENT TAX"
CALL ME FOR COMPLETE DETAILS ON THIS VERY SIMPLE , BUT LEGAL STRATEGY

NOTE: YOU DO NOT NEED TO BE A NEVADA RESIDENT TO HAVE AN LLC, YOU CAN LIVE ANYWHERE IN THE WORLD, AND YOUR BUSINESS BE ANYWHERE IN THE WORLD.

Todd J. & Irene B. Mc Millan, Directors, Nevada Registrations, Inc.
REVISED 4 APR 07
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