A Nevada Corporation refers to a business that has incorporated in the state of Nevada. Usually this refers to a corporation that has business operations in many locations in the U.S., but chooses to incorporate in Nevada to take advantage of the favorable corporation laws in the state.
Nevada is known as a “corporate haven,” meaning that its laws tend to make it easier for a business to incorporate in the state. In addition, Nevada offers several advantages for out-of-state businesses that incorporate in the state. Out-of-state corporations that incorporate in Nevada are referred to as foreign corporations in the state of Nevada.
There are several distinct advantages of filing for incorporation in the state of Nevada. These include:
Also, Nevada laws provide very strong protection against instances of “piercing the corporate veil.” Piercing the corporate veil refers to cases where corporate owners may be held directly liable rather than the corporate entity itself. Under Nevada case law, only one lawsuit in a 20 year period allowed the corporate veil to be pierced.
No- the business need not be physically headquartered in Nevada in order to file as a Nevada corporation. However, the organization must have a registered agent within Nevada, as well as a legal address in the state.
Filing as a Nevada corporation can offer many benefits for your business, but the process can still be very technical in terms of legal requirements. If you are interested in filing as a Nevada corporation, it’s in your best interest to hire a competent business lawyer to assist you in the process. Your lawyer can help make sure that you’re meeting all the filing and eligibility requirements. Also, if you have a legal dispute involving a Nevada corporation, an attorney will be able to help you file a lawsuit in court.
Last Modified: 06-05-2014 10:58 AM PDTLaw Library Disclaimer
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