Client Contact Information
Please advise who we should contact for the purpose of incorporating this entity. The party listed here will be our client, and all correspodence will be directed to the person whose name is entered here.
What is the name of the Corporation?
Let us know what name you wish to use for the Corporation. Give us up to 3 names & we'll run a search for you at the Secretary of State to ensure no conflicts exist. If there is a conflict, we will check your 2nd & 3rd choices in that order.
Nevada Corporations need to include the words or
abbreviations "Inc., Incorporated, Corp., Corporation, Ltd., Limited or Co. or Company".
What is the Corporation's address?
This is usually where the headquarters or administrative offices are located. It can be a Post Office box or street address and can even be located outside of Nevada.
The Secretary of State will mail compliance reminders, correspondence and notices to this address.
Will you be your own Registered Agent?
Most business owners prefer to be THEIR OWN AGENT for their Corporation. They don't want to pay annual fees & forwarding costs to someone else to receive free compliance reminders from the State - and
because THEY want to be the party receiving legal notices (like employee garnishments or tax notifications) for the company - not a lawyer or some person or company they haven't even met.
Paralegal Plus will provide this service to you for $135.00 annually.
You only need to hire an agent if you don't have a street address in Nevada.
What will be the Corporation's initial business activity or function?
Please advise what nature of business the entity will conduct.
Examples: consultant, dentist, retailer, restaurant, asset holding.
We will use this information in determing if the business needs
to qualify as a Professional Corporation.
Who are the Directors?
At least 1 Director is required to form a Nevada Corp. More can be added after incorporating.
More about Directors
The Directors are responsible for overall management of the corporation
- Directors are the highest level of management of a Corporation.
- Directors are over Officers in the Corporate Structure (they can appoint and remove Officers at will).
- Directors are appointed by shareholders
- Directors can be removed by shareholders without cause
- Directors can also be officers and shareholders (owners).
Who will be the Officers?
All Nevada Corporations must have a President, a Secretary and a Treasurer (NRS 78.130)
(the same person can hold all 3 offices).
More about Officers
Nevada Corporation Officers:
- Officers are responsible for day to day operations of a corporation
- Officers are appointed by the Director(s).
- Officers answer to and can be removed without cause by the Board of Directors
- Officers can also be directors and shareholders (owners).
When is the Corporation's end of Fiscal Year?
A fiscal year is the completion date of a 12-month accounting period.
December 31st is the most commonly used fiscal date by Corporations.
Subchapter S Corporations must use December 31st, unless special circumstances are demonstrated to the IRS.
How many shares of stock are authorized to be issued?
Nevada Articles of Incorporation state the number of shares which are authorized to be issued and the par value (if any) of each share.
Most incorporators will designate "no par value" in states where it is permitted (such as in Nevada).
The value and number of shares can be changed later - even after the entity is incorporated.
Par value is an arbitrary amount assigned to
the shares of stock. It does not refer to the
actual purchase price required for the shares,
but shares cannot be sold at less than the
stated par value.
When will shares be sold and stock certificates issued?
Please indicate if the directors will authorize the sale and issuance of stock immediately after incorporating or if it will be
conducted in the future.
More on issuance of corporate shares
Sale of shares and issuance of stock certificates at this juncture may not be desirable from an economic or strategic standpoint
in some instances.
While Articles of Incorporation must designate the number
of authorized shares, it's not required that
shares be issued or sold to legally incorporate.
If the directors will sell shares and issue stock certificates immediately upon incorporating, we will need the shareholders names,
amounts of capital contributions and characteristics of the contributions (i.e. cash, services or property).
Ordering one of our corporate kits is also recommended if you are going to issue shares as soon as the Articles are filed.