Nevada Office of Corporations - Knocking On The Door Of Little
Red Riding Hood's Grandmother's Home
November 7, 2004
By Katherine Curtis
In all of fairytale land, no home is more
inviting than the home of Little Red Riding Hood's
Grandmother; the same goes for businesses that wish
to incorporate through the Nevada Office of Corporations.
The State of Nevada is bar-none to any
other state when it comes to welcoming businesses
to its snug corporate veil and sound company laws.
Fostering A Debtor-Friendly Environment
A Nevada incorporated business and its members inherit the progressive
laws of the state. If the Big Bad Wolf would knock at a Nevada corporation,
Nevada's Office of Corporations and its laws would protect the business
during litigation. Since incorporated businesses are generally considered
separate from the owners and its employees, the Big Bad Wolf could
not recklessly snatch these parties' private assets. The Office
of Corporation (also known as Corporation Department) is positioned
within the Secretary of State's Department of Business and Industry.
Grandmother's Protective Ways
The main functions of the Office of Corporations are to supply and
process paperwork regarding incorporation. Processing the paperwork
directly can be somewhat time consuming but well worth the end results.
Some of the benefits include Nevada's corporate veil policies, tax
exemptions, and freedom of locality. An incorporated business does
not have to reside inside the state or even the country. These foreign
corporations that call Nevada its domicile (home) are still required
to register its presence with the state or country of its location.
The department's other duties are equally as useful:
§ Any Nevada corporation is searchable through its comprehensive
database.
§ The state's business trends are researched and reported with
the aid of this department.
§ Articles and amendments are outlined for reference.
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