forming a nevada corporation

Forming A Nevada Corporation - "Bring It On!"

November 19, 2004
By Katherine Curtis

Not long ago and in a state not far away, a business was preparing to form a Nevada corporation. The time was ripe and Nevada's laws fit their needs. However, the business' well-intending associates tried to convince the business that it was behaving in a ridiculous manner. After all, the business was located in another state.

The business stood firm, softly smiled and looked its associates directly in their eyes and said "Bring It On!" You see, this business knew its research was solid - Nevada will incorporate out-of-state businesses and Nevada has the nation's most rock-hard corporate laws.

Establishing The Right Protection Plan.
While most businesses contact a Nevada business planning professional, some businesses elect to file the necessary paperwork directly through Nevada's Secretary of State (either in-person, online or by phone). Once a business incorporates and calls Nevada its domicile or "Home Sweet Home", the business then selects an entity. An entity is a title such as corporation, Co., Inc., S corporation, or LLC.

Registering an entity directly through the state rather than through a professional service can take many months and be somewhat complicated to an average business. Depending on the type of entity, certain articles must be filed. "Articles of Incorporation", "DBA (Fictitious Business Name)", "Resident Agent Name", "Initial List of Officers and Directors", "Name Registration" and "Certificate of Corporate Existence" are some example articles.

Afterward, a corporation files amendments and annual certificates. As most businesses know, the advantages of incorporating within Nevada far outweigh the risks faced by operating under another state. Some of these risks are lack of privacy, over-exposure, and creditor invasion. Corporations that are foreign (located outside the state or country) will need to file additional paperwork in their state or country. This paperwork basically notifies the other state or country that this corporation claims Nevada as its domicile.

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