Nevada Secretary of State Tackles Corporate Ownership Fraud

PRESS RELEASE: If you formed a Nevada entity as a shell corporation or in order to evade taxes, launder money, or violate securities laws, Nevada Secretary of State Ross Miller and his newly-appointed Corporate Ownership Fraud Task Force are coming for you.  The Secretary’s office is working closely with the IRS to fight these fraudulent activities.

Not only should entity owners be aware of this new task force, but those incorporation services that upsell a simple LLC into multiple entities for “asset protection” purposes should rethink their sales strategies.