Thursday, July 2, 2009

Best Reasons to Incorporate in Nevada - Part 9


In Nevada shareholders, officers and directors may be nonresidents of Nevada. Further, officers, directors and stockholders are not required to be U.S. citizens. In addition, stockholders are not required to live in or hold meetings in Nevada, they can meet anywhere in the world and Nevada allows nominee shareholders.

All corporate officers can be held by a single person, which eliminates the need to find different people to fill each corporate office position. Nevada allows corporations to conduct business at more than one office. Unlike Delaware who is now regulated by a corporation commission, Nevada is not. In contrast to Delaware, in Nevada stockholders and directors do not have to report the dates and times of annual meetings. In addition, entities formed in other states may be converted into Nevada entities so they can benefit from the advantages and flexibility offered to Nevada corporations.

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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