One Person S-corp & Workers Compensation?

[LifeIsGood]

Hi Everyone,

I am a life coach and was interested in incorporating my future business in Nevada (I'm in FL). I was wondering since I would be the only person in the corporation, filling all the positions of directors and officers, would I be able to elect to reject coverage for worker's compensation?

If not, does anyone know of any low-cost companies for someone just starting out? I'm working on a shoestring budget and want to incorporate to protect myself since life coaching may be considered consulting. I would be mostly working from home for coaching sessions and selling items online and may conduct seminars or do speaking engagements.

The reason for incorporating in NV is that I anticipate relocating soon.

[LifeIsGood]

Just wanted to update my previous post. I just contacted NV Dept. of Business & Industry, they stated that I would not need Worker's Comp insurance since I'm the only person in the company and based on the type of business.

[Marcomguy]

Did they say whether you'd be covered by your personal health, home and auto insurance policies? That may be why they said you don't need workers comp.

[tallen]

There may also be paperwork that you would need to file to request the waiver.