CORPORATE FLEXIBILITY
In last week’s post we outlined some of the privacy benefits afforded to Nevada corporations. Next, we will evaluate the great flexibility Nevada corporations enjoy relating to (1) the ownership and transfer of property, (2) the filing requirements and in (3) the management of the corporation. First, in regards to stock, Nevada corporations may issue stock for capital, services, personal property, or real estate including leases and options. Further, in contrast to Delaware, Nevada allows unlimited stock of any par value. In addition, Nevada corporations may purchase, hold, sell or transfer shares of its own stock. Moreover, Nevada corporations can guarantee, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of shares or its capital stock, or any bonds, securities, or evidence of indebtedness. Further, Nevada entities can purchase, hold, mortgage and convey personal property and real property anywhere in the world.
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.
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