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How to Set Up a Nevada Corporation
By Bill Thalhammer
When incorporating in the state of Nevada, it's important for you to understand that there is much more to the process than obtaining your personal tax identification number (also known as your EIN), and a list containing the names and addresses of the corporation directors. Articles of Incorporation need to be filed, licenses to obtain, and all fees must be paid.
If you're planning on doing this yourself, there are several steps that you will need to take note of, being sure to double check each step along the way, for the road can sometimes a bit overwhelming and tricky at times. With a bit of patience and careful planning, you'll be on the right track to owning your Nevada Corporation!
First things first, you need to choose an original, distinguishable name that is like none other in Nevada, including a person's name, unless it has the word (either fully written out or abbreviation)- "Company", "Limited", "Corp"., or "Inc" immediately following. A name check should be completed prior to the entire process, for any issue regarding an original name could easily result in time-consuming setbacks.
A professional corporation is one which offers services within one specific profession. This type of corporation must contain the last name of one or more of it's stockholders in its title/name, followed by "Professional Corporation", "Limited", or "Chartered" (or the abbreviations of).
Next on the agenda is the Articles of Incorporation. Under Chapter 78 of the Nevada Revised Statutes, the following must be filed within these articles and submitted to the Nevada Secretary of State: The number of incorporators (with a minimum of one), the name and addresses of all corporation directors (plus any eligibility requirements there may be, other than being at least 18 years of age), and any stock information (if applicable, including any provisions for limiting or eliminating annual meetings for shareholders). In addition, additional provisions may be included if you so choose, like the corporation's specific purpose and how profits will be dispersed.
A Resident Agent is one individual from a Nevada Corporation who is the direct connection to the state and receives all correspondence ion the corporation's behalf. The agent must have a regular business office (open during regular business hours) within the state lines or must reside in Nevada. The Resident Agent must also sign a "Certificate of Acceptance", which is on the Articles of Incorporation.
Bylaws are written to govern the affairs and practices of a corporation, adopted by its board of directors, but do not legally need to be filed with or as part of the articles. Officers may be listed within the bylaws, or elected by the board of directors. All corporations must have at least a president, treasurer and secretary, but one natural person may hold all three titles.
About the Author
Bill Thalhammer recommends that you visit http://www.incparadise.com for more information on Nevada Corporation.
Article Source: http://www.simplysearch4it.com/article/31145.html
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