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Nevada Corporations Online

NEVADA CORPORATIONS

Nevada Corporations Information

ADVANTAGES OF INCORPORATING IN NEVADA

WHAT IS A CORPORATION?

A corporation is a legal, artificial person: a person that is separate, distinct, and TOTALLY APART FROM “YOU”.  It is NOT you.  You are NOT it. It is a distinct, different, and totally separate legal or artificial person.  Pretend you set up a corporation and named it Lori. It is the same as if you have birthed a baby girl and named it Lori. It will have all its own identification. Now, as a teaser about Nevada incorporation, suppose the parent (owner) of Lori wants to hide from public view his (their) relationship as parent—Nevada is the only state that completely protects (hides) ownership of that new baby.

Further, a corporation is a distinct, legal entity separate and apart from its members, stockholders, directors or officers.  Although it is a separate entity, it can act only through its members, officers or agents and cannot have knowledge or belief of any subject independent of the knowledge or belief of its people.  A stockholder (owner or partial owner) is a holder of shares of stock in the corporation and is not in legal consideration or danger.  (In other words, you are not, as the owner or parent, responsible for the brain damage.) The term “owner” is used for purpose of recognition and does not necessarily refer to a literal state of being but that explanation can come later as to meaning.

A stockholder is not the employer of those working for the corporation nor is he the owner of corporate property—IF YOU HANDLE EVERYTHING PROPERLY AND WITH DETAILED REGULATION ACCORDING TO THE LAWS OF THE LAND—THE STATE OF BIRTH. IF A “FRAGMENT” GETS LICENSED WITHIN ANOTHER LAND THEN THAT PORTION HAS TO FUNCTION WHERE IT IS LICENSED, IN ADDITION.

A corporation is an artificial person.  Its rights, duties and liabilities do not differ from those of a natural person under similar conditions except, of course, where the exercise of duty would require the ability to comprehend or think. That’s what the board of directors is for; they do the thinking. PROOF THAT THE DIRECTORS THOUGHT ON BEHALF OF THE CORPORATION IS EVIDENCED BY THE RECORDED MINUTES AND RESOLUTIONS, PAPERWORK—your living rights are the heart-place of your new baby—mess up on the paperwork and you will kill the child through neglect.  For example, a corporation may become a debtor or trespasser. A corporation can buy, trade, sell and make loans, literally anything you as a person can do.  Think it through. The possibilities become fascinating and you can be most creative as you become informed.

A corporation is A CITIZEN OF THE STATE WHEREIN IT IS CREATED. THAT IS WHY NEVADA IS STRONGLY PREFERRED, SO THAT YOU CAN TAKE ADVANTAGE OF THE BEST CORPORATION AND TAX LAWS IN THE U.S.—LEGALLY AND WITH VERY LITTLE TROUBLE. YOU DON’T EVEN HAVE TO VISIT THE STATE. (YOU DO HAVE TO HAVE A RESIDENT AGENT WITHIN THE STATE OF NEVADA BUT THAT IS PAINLESS. IN ADDITION, THE MONEY SPENT IS WELL WORTH THE ASSETS.) NOTE THAT A CORPORATION DOES NOT CEASE TO BE A CITIZEN OF THE STATE IN WHICH IT IS INCORPORATED BY ENGAGING IN BUSINESS OR ACQUIRING PROPERTY IN ANOTHER STATE.

Since CORPORATIONS are solely creatures of statute (law), the powers of a corporation in another state are derived from the constitution and laws of the state in which it is incorporated.

A corporation is a legal person which has an existence separate and apart FROM ITS STOCKHOLDERS. As an artificial person, a corporation is considered to have its domicile (home) in the state wherein it is incorporated and the place where it has its registered or statutory resident agent or home office in that state.  When the corporation is actually in a different place, the site of its resident agent is sometimes said to be its “statutory domicile”.

The existence of the corporation is not affected by the death or bankruptcy of a shareholder or by the transfer of its shares.  IT HAS A CONTINUOUS EXISTENCE.  IT IS IMMORTAL for as long as it complies with the annual requirements of the state in which it is incorporated.

The IMPORTANT POINT to remember is that when you own a Nevada Corporation, the corporation exists as a SEPARATE entity or person.  YOU CAN LIVE ANYWHERE YOU CHOOSE, IN ANY STATE OF THE U.S. OR ANY FOREIGN COUNTRY. IT IS THE CORPORATION WHICH CONFORMS TO THE REQUIREMENTS OF THE STATE IN WHICH IT “RESIDES”. NEVADA, YOU WILL FIND, IS THE STATE WITH THE BENEFITS TO PROTECT YOU AND YOUR CORPORATION.  WE HAVE CAREFULLY RESEARCHED IT FOR YOU AND TRAINED PEOPLE TO HELP YOU THROUGH IT.

You can check to see if the name you want is available through the Nevada Secretary of State's website Nevada Secretary of State  or have us do it for you.

To provide a reasonable set of guidelines as to what might constitute “doing business” in a foreign jurisdiction, we will use the State of California as the example. Please be sure to check the requirements in your own jurisdiction, as they probably will vary in one way or another from this example.  On the other hand, your home-state’s regulations just might provide a broader range of exempt activities than does California.  Again, bear in mind that when we use the word “state” we could just as well be referring to a foreign country.

Business Exempt from Qualification in the State of California

Additional Exemptions

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Incorporate In Nevada