INCORPORATE IN NEVADA

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Legal Advantages


  • Piercing the corporate veil requires presence of fraud or manifest injustice - the highest standard available.
  • Charging order protection for stock of closely held corporations protects innocent shareholders. This protects the stock of all Nevada corporations with between 2 and 75 shareholders. Nevada is the only state to offer this protection
  • Nevada's charging order protection statute protects multi-owner S corporations from losing federal S election in the event of a judgment against a shareholder. This prevents potentially serious tax implications.
  • Directors have greater flexibility in consenting to corporate actions.
  • Reinstatement of entities has the statutory impact as if the corporation had always been in good standing, thus preserving the corporate veil.
  • Dissenting shareholders are prohibited from voting shares or receiving dividends in certain circumstances.
  • A corporation may elect to renounce specific business opportunities.
  • Articles of incorporation may require more than a plurality of votes cast by stockholders to elect directors.
  • Restated articles of incorporation do not require an accompanying resolution.
  • Corporate revival procedures are simplified.
  • Efficient, predictable Business Court minimizes the costs and risks of business litigation.
  • Amendments may be filed with delayed effective dates.
  • Nevada provides a conversion process that allows entities originally formed in other states to convert into a Nevada business entity.