Controling Your Corporation

Through broad empowerment allowances, Nevada law specifically provides for a corporation's principals to be given control over such things as the establishment of stock privileges, voting rights, the issuance of shares, etc. These powers infuse the directors with tremendous flexibility and control over the affairs of the corporation, since major changes in policy and procedure can be accomplished through an amendment to the articles rather than relying solely on statutes.

In addition, Nevada has also taken the lead in the area of liability protection with regard to being among the first states to adopt the Limited Liability Limited Partnership, as well as limiting the remedy of a judgment creditor of an LLC member or limited partner to a charging order.

Limited Liability

A Nevada Corporation may be formed for the express purpose of limiting a person's liability in a lawful business venture. Unlike many states, and as an added dimension to the indemnification of corporate principles, Nevada law allows for the establishment of alternate financial arrangements to protect corporate officers and directors. Nevada law requires no minimum initial capitalization at the time of start-up, thereby removing this as a means of piercing a corporation's protective shield.

Nevada Corporation Privacy

Nevada requires only minimal disclosure of personal information at the time of start-up and at the time of annual filings. Nevada is the only state that does not share information with the Internal Revenue Service by means of a formal agreement. And Nevada does not require the filing of an amended list of officers or directors if new officers or directors are elected or appointed after filing and during the year. This ensures the privacy of individuals. Please contact us at Silver Shield Services, Inc. (775) 577-4822 for a free initial consultation to make the most out of your business entity.