Complaint Review: Nevada State Corporate Network

This is what's known as a legal scam.  They have you sign your rights away, which allows them to be above the law for your case, because you consented.  They simply found a loophole to create a pyramid scheme using corporations instead of individuals, and it's perfectly legal.

I knew that this was like stocks and bonds.  It took me eight months of work to earn the money for the initial fee($4500), and they wanted it within three weeks.  During this time, I signed away my rights, as I expected, because it wasn't FDIC insured.  Maybe they talked me up to an Inc. because I already knew a bit about LLCs.

However, they did not include any of the compliance with Federal law in the initial fee, but the company was registered with both State Departments of State and the U.S. Secretary of State, so that if you ran out of money you'd supposedly be in trouble with the government. 

By that time, you'd have to pay them for two forms, one to shut down the corporation and one to pay taxes.  Since this is a courtesy service, you pay them double the original price to find the forms for you.  There are two fear tactics to get you to pay them more money faster and faster. One is that the credit group is separate from NSCN(e.g. third-party vendor), and hence free of liability, which NSCN imposes on you as a fear tactic; you just have to assume the deadline is coming quickly and trust them in your uncertainty.

Two is based on your assumption that there is immediate danger of huge tax penalties (from Nevada and U.S.) for a full Inc. if you don't pay them to find the forms to shut down and file taxes within a few weeks.  If you run out of money, they put it in your head that you are worried sick, and that their obtainment of the form will relieve you.

The best thing I can say is: There is a possibility this program would work for an established business that has 10 vans, 100 employees, and a well-established trade, but not for a startup.  A better thing to do would be to just do things the normal way, which is to earn or beg $30k-$100k, work with local Community Foundations and Chambers of Commerce, wait until you're 60 and retired from a career job, etc.  It would be better to work minimum wage to pay for an advanced degree and never marry.

Don't deal with these people who live far away, who you don't meet in person, who have a tiny suite for an office, who use Nevada as a third-party to your state to escape liability, who offer a third-party credit program, and make most of their money through referrals like for-profit colleges. 

The "behind-the-veil" protection is more for THEM, not YOU, and sure, everything will be fine if you just keep paying them more money faster and faster.  Banks usually require two years in business and no debt.  If they did an actual credit check, they would have found that I was in debt(from elsewhere in my life) for a sum greater than they were charging me.

But it seems unlikely that NSCN would reject anyone, because the goal is to get a corporation so that your personal credit is separate from your corporate-credit, third-party entity, yada yada.  What they don't tell you until right before you pay is that, during the startup process, your personal credit is used--that is to say, fast cash determines your initial "business credit," which is their discretion to let you in with the FastTrack Credit group.  So now my personal credit may be worse, and I got *nothing.*

And as I've known from before, partnerships don't mean anything until the biggest man tosses the biggest hand, even in communities where people know each other well.

Shame on Michael Savage for advertising these people and boycott his radio show!  And don't believe those Amway and other "network-marketing" guys at work who read leadership books.  It's a bunch of crock, and you need to take care of yourself first.

Trivia(not important): Are the stories of move-arounds in the company true, or do they switch to "emergency negotiation" staff if you say you can't afford anything more, or if they don't hear from you with money?