Details from the desk of
TODD J. MCMILLAN
Nevada Registered Agent
Before you incorporate understand what a corporation is. Nevada recognizes a CORPORATION as a LEGAL ENTITY, it is more than its stockholders, Directors, Officers or employees. Simply stated, it stands alone with an indefinite life span.
A CORPORATION can buy, sell, trade, own property, etc. in fact anything an individual can do, via its BI-LAWS, but all must be done thru its Directors and Officers. The Nevada Revised Statutes (NRS) provide the Directors and Officers with the strongest CORPORATE VEIL of any state.
A Nevada registered CORPORATION becomes a “CITIZEN” of the state however the stockholders, directors, officers and employees do not have to be.
Nevada requires that any foreign or domestic CORPORATION, registered in the state, must have a RESIDENT AGENT, and this AGENT’S office address will become the CORPORATION’S legal Nevada address.
There are many BENEFITS, TAX SAVINGS, TAX STRATEGIES and ASSET PROTECTIONS that can be effected via your Nevada registrations. They can be quickly reviewed by CLICKING ON BENEFITS or TAXES on the HOME PAGE.
Nevada further offers several additional legal entities such as LIMITED LIABILITY COMPANY(LLC), PERSONAL CORPORATION(PC) PARTNERSHIPS AND CORPORATE SOLE. The LLC is overwhelmingly the most popular.
The LLC possesses the best qualities of both a corporation and the partnership. The LLC has MEMBERS not STOCKHOLDERS, functions on an OPERATING AGREEMENT rather than BI-LAWS. In Nevada it has essentially the same CORPORATE VEIL as the corporation but is far more manageable, less government i.e. Federal and IRS, intervention, and has the tax effective pass thru of all income(and losses) directly to the MEMBERS. Possibly the salient feature of this profit pass thru if the profits can be apportioned to the MEMBERS in any quantity as management may elect.
In conclusion, Nevada simply is the best state to register any entity. Please call upon my in-depth experience to examine your individual and specific needs.
