Forming Nevada Corporations

Writen by Damian Sofsian

In order to form a Nevada corporation, a real presence of the corporation must be established in the state. If the business that incorporates is not dealt with like a Nevada corporation, the benefits can never be reaped. A Nevada corporation is considered an entity created by law and is separate from any other corporation and state corporation.

The establishment of a Nevada corporation involves the generation of judgment proof, which serves the purpose of elimination of state taxes, and proof of business. One has to have an address and an office to start the corporation. It should have a genuine phone listing with an address in order to prove it is a Nevada corporation doing business in Nevada. The fact that the corporation does legitimate business is reinforced by the business license issued by the state of Nevada. The corporation's office should have people to answer phone calls from customers, to receive and reply for the mails received, and to attend to anyone who comes to the front desk with enquiries.

The corporation always has a separate existence from its stockholders and is considered to have its domicile where it has incorporated. As a result, it is mandatory that the corporation has a resident agent. The corporation can have transactions in other states and the offices. The power derived for the transactions to be done by them will be from the laws in which they are incorporated. This provides a platform for better profits as the income is tax-deductible by the state laws.

The meetings held on behalf of the corporation by the directors should be recorded as minutes and resolutions, as this paperwork is very important for the development of the corporation. These meetings can also be even held out-of-state. The directors need not be in the state of the continual progress of the corporation. They can appoint a nominee who will have to reside in the state.

The corporation must have a bank account in its name. All major sales, purchase, funds, and service contracts should be signed and notarized at the Nevada office. All money transactions must take place only through the corporation registered bank account. In order to maintain a Nevada corporation, it costs around $50-$200 per annum.

Nevada Corporations provides detailed information on Forming Nevada Corporations, Nevada Corporation Advantages, Nevada Corporation Commission, Nevada Corporation Law and more. Nevada Corporations is affiliated with How to Start an LLC in Nevada.