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Nevada Corporation Formation Steps
Monday, May 23, 2011 at 11:59AM
Nevada Corporation Formation Steps
Nevada Corporation Formation Steps
Nevada Corporation Formation requires that you, as the business owner and operator, follow several important steps in order to form a corporation for your business or company in Nevada. Many people choose Nevada incorporation so that they can take advantage of the numerous benefits that are available to businesses in the state as well as because of the relative ease with which they can form a lasting corporation. There are even services available to help you with your Nevada incorporation if you don’t mind spending a little extra cash.
The first step to Nevada Corporation Formation is to decide on a name for your business and to run a name check to be certain that the name is available and that it doesn’t too closely resemble any other business name (so that there can be no confusion between businesses). Once you’ve gotten the name that you want and verified its availability, you’ll then need to decide who will be on the corporation’s board of directors. The law says that there must be at least one member (that member can be you) on the board and that member doesn’t have to live in Nevada nor do they have to be a shareholder in the company unless stated in the bylaws.
Filing the certificate of information, also known as the articles of incorporation, is the next step to Nevada Corporation Formation. This requires a fee of $300 paid to the Nevada Secretary of State’s office and generally takes anywhere from 4 to 6 weeks for approval (unless you pay for expedited processing at $25 per document submitted). Next you’ll have a board meeting in which the bylaws will be discussed and adopted and the company’s initial stock offerings will be issued. Then it’s just a matter of securing any required local business operating permits and waiting for your corporation’s approval by the SOS office
Nevada Corporation Formation Steps
Nevada Corporation Formation requires that you, as the business owner and operator, follow several important steps in order to form a corporation for your business or company in Nevada. Many people choose Nevada incorporation so that they can take advantage of the numerous benefits that are available to businesses in the state as well as because of the relative ease with which they can form a lasting corporation. There are even services available to help you with your Nevada incorporation if you don’t mind spending a little extra cash.
The first step to Nevada Corporation Formation is to decide on a name for your business and to run a name check to be certain that the name is available and that it doesn’t too closely resemble any other business name (so that there can be no confusion between businesses). Once you’ve gotten the name that you want and verified its availability, you’ll then need to decide who will be on the corporation’s board of directors. The law says that there must be at least one member (that member can be you) on the board and that member doesn’t have to live in Nevada nor do they have to be a shareholder in the company unless stated in the bylaws.
Filing the certificate of information, also known as the articles of incorporation, is the next step to Nevada Corporation Formation. This requires a fee of $300 paid to the Nevada Secretary of State’s office and generally takes anywhere from 4 to 6 weeks for approval (unless you pay for expedited processing at $25 per document submitted). Next you’ll have a board meeting in which the bylaws will be discussed and adopted and the company’s initial stock offerings will be issued. Then it’s just a matter of securing any required local business operating permits and waiting for your corporation’s approval by the SOS office
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