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What is the #1 Reason to
Incorporate in Nevada?

Is it the fact that Nevada has NO State Income Tax?

NO! This ONLY applies if you're actually operating your business IN Nevada, and your employees live in Nevada.


Is it the PRIVACY offered by Nevada?

NO! This is really a minor benefit. Basically, stockholders are not listed in the Secretary of State records. But once you obtain a business license in Nevada or, more likely, in your home state, your privacy is out the window!


Is it the fact that Nevada does not exchange
information with the IRS?

NO! 95% of the companies formed in Nevada should register as foreign entities. When that happens, your HOME STATE exchanges information with the IRS!


The Real Reason You Should Incorporate in Nevada:

Is it the fact that Nevada is the hardest state in the country in which to PIERCE your CORPORATE VEIL?

YES! Nevada appears like an iron fortress to your creditors. In fact, the corporate veil has only been pierced two times in Nevada in the last 30 years!! And that was when the corporation was actually doing business in Nevada and had committed fraud against a Nevada resident.


AGAIN-The Corporate Veil has only been pierced TWO TIMES in the LAST 35 YEARS in Nevada!

Nevada Corporate Planners, Inc. hired a team of outside attorneys to do extensive research to determine if Nevada is as impregnable as has been touted over the years. Click here to see the results of their extensive research.


What are the other major benefits to domiciling your company in Nevada?

Benefit 1: In 1987, the Nevada Legislature passed a revolutionary law that permits corporations to place provisions in their articles of incorporation that would eliminate the personal liability of officers and directors to the stockholders of Nevada Corporations.

This is one of the main reasons large companies like Citibank domicile in Nevada. Although Delaware and a few other states soon adopted lesser versions of this law, Nevada's law remains among the most thorough and comprehensive in the country.

Contained in the Nevada Revised Statues (78.037), the law in part reads as follows:

"The articles of incorporation may also contain:

A provision eliminating or limiting the personal liability of a director or officer to the corporation or its shareholders for damages for breach of fiduciary duty as a director or officer, but such provision must not remove or limit the liability of a director or officer for:

Acts or omissions which involve intentional misconduct, fraud or a knowing violation of law"

Benefit 2: Nevada Corporation Code allows for the indemnification of all officers, directors, employees, stockholders, or agents of a corporation for all actions that they take on behalf of the corporation that they had reasonable cause to believe was legal. This indemnification can include any and all civil, criminal and administrative action. (See NRS 78.751.) These two laws can provide complete protection for the officers and directors of Nevada corporations as long as they act prudently in their roles

The other significant change in Nevada law is the abolishment of joint and several liability. Joint and several liability means that should a judgment be entered against several defendants, they will each assume equal liability for the full amount of the judgment, regardless of their relative fault in causing the damages. Nevada now requires the court to assign a percentage of fault to each defendant, from zero to one hundred with the total equal to 100 percent. Every defendant found liable is required to pay a share of the total judgment no greater than his/her fault.

This means that if you haven't done anything wrong, chances are good you won't be held responsible should other people in your corporation act poorly.

Benefit 3: Jurisdictional Strategies

What about Nevada vs. Delaware?

The main rights in Delaware law benefit shareholders of public corporations. This attracts large, public companies that trade on various exchanges across the country to provide the best protection to their shareholders. Delaware's corporate law, with regards to corporate takeovers is the strongest anywhere in the US.

More recently however, Nevada's corporate law has surpassed Delaware's in its efforts to ensure the protection of the rights of small corporations. Delaware for example, has adopted a statute that allows the corporation to limit the liability of a director for monetary damages. However, it has far to go to be compared to similar statutes adopted by Nevada. For example, the following are acts for which officers and directors would be protected under Nevada law, but exposed under Delaware Statues:

  1. Acts or omissions not in good faith.

  2. Acts by officers are not exempt from monetary damages under Delaware law.

  3. Breach of a director's duty of loyalty.

  4. Transactions involving undisclosed personal benefit to the officer or director.

  5. Acts or omissions that occurred prior to the date that the statute which provides for indemnification of directors, was passed and approved.

One requirement that Delaware has is that an officer must reasonably believe that he or she is performing his or her duties in a manner that is in the best interests of the corporation. This requirement is not present in Nevada.


Questions about Forming an LLC or Corporation?
Call NCP at 1-800-351-5111

Avoid Costly Incorporating Mistakes!


Advanced Research:

Why Nevada?

Why Nevada?- Discover the invaluable benefits you get when you incorporate in Nevada.

16 Reasons to Incorporate in Nevada?- This is the major reason why you need to incorporate in Nevada.

Piercing the Corporate Veil - The #1 reason for you to incorporate in Nevada.

Does Nevada Share Information with the IRS? -This sought-after secret is finally revealed!

Nevada VS. Delaware -Learn the accuracy of the claims made in "Nevada vs. Delaware" reported on many web sites in our industry.

Strategies that Don't Work in
Nevada
- Discover what our competitors DO NOT want you to KNOW!

The Advantage of Incorporating in Nevada - Discover advantages of incorporating in Nevada when your entity registers as a foreign corporation in California.

California had the Highest Percentage of Cases in which Courts had Pierced the Corporate Veil! - Discover why it is especially important for anyone operating in California to have the strong corporate veil Nevada offers!

California's Approach to Piercing the Corporate Veil to Foreign Corporations - Learn how California aggressively attacks corporate privacy.

California's Approach to Choice of Law in the Absence of an Effective Choice by the Parties - Learn what jurisdiction is all about.

The Approach of New York, Wisconsin, and Texas in Applying Their Law to Foreign Corporations (as Compared to California) Three states with a different approach.

Do you Need an Office and Bank Account in Nevada?
- Unless your employees and business are located in Nevada, most likely, the answer is NO!

Snake Oil Strategies Proposed by Others That just Simply Don't Work - The most important article on this site!



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