Essentials of Forming A Corporation In Nevada

1. Article 3 - Shieldcorp.net Essentials of Forming A Corporation In Nevada A Nevada corporation is a corporation incorporated under chapter 78 of the Nevada Revised Statutes of the U.S. state of Nevada. Nevada has always been a corporate haven with corporate friendly laws, thus making the option of incorporation in Nevada very lucrative. Many major corporations that have their headquarters in other parts of the United States are incorporated in Nevada. Forming an LLC in Nevada is considered a good option and had many advantages to it. It is becoming America’s favorite corporate haven. With deliberate and conscious changes in the legislature of Nevada, it has become very business-friendly and corporate-friendly. Starting an LLC in Nevada is affordable and easy. When compared with other states Nevada incorporation has its own specific requirements and peculiarities. Someone who is interested in forming an LLC in Nevada can approach a Nevada resident agent to learn hassle free procedure of incorporation in Nevada. The essentials of Nevada LLC formation are listed below: • Registration One should start by filing the articles of organization form with the secretary of the state. The form must include all the pertinent information, such as the LLC name and address; the name and address of the resident agent; the dissolution date, if applicable; the employer identification number or, for single- member LLCs, the social security number; the necessary state licenses and business permits; the member’s or manager’s name; and the name and address of the organizers. There is an option of registering online also. The prescribed fees must also be submitted with the application. • Forms and Fees All the LLC application forms are to be submitted to the secretary of the state. They must submit articles of organization form, a list of managers and members form and business license should be submitted along with the other necessary documents. One can check with the secretary of the state for the current fee structure and pay the requisite amount. • Timeline It takes a few business days for the submitted form to get processed through the official channel at the office of the secretary of the state. However, you can get your application processed at a faster pace by paying the prescribed expedited processing fees. There is a 24 hour, 2 hours and 1 hour expedited processing service available. One can check with the office of the secretary of the state for the fees of expedite services. • Naming Requirements Nevada doesn’t have many stringent naming rules. The selected name must be distinguishable from other existing LLC names, must have some specific terms and must be approved by state agencies in order to be qualified for the approval of the secretary of state. One can get the selected name checked for availability before applying.

2. Article 3 - Shieldcorp.net • Formation Requirements It is necessary for all the entities doing business in Nevada to obtain a business license from the secretary of the state. All LLCs must have a registered agent who is a resident of the state. The members of the LLC must have an agreement between themselves stating clearly the distribution of profits and losses and other terms of doing business. About the Author Kimberley Smith is an expert legal consultant and advisor operating in Nevada who loves to write informative articles and blogs, helping people utilization of Nevada Corporations. When it comes to advice and consultation relating to forming, maintaining and utilization of Nevada Corporations and Nevada Limited Liability Companies and businesses world-wide, she recommends Silver Shield Services, Inc. as the best name to trust.