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You and Identity Theft What can you do to protect yourself? 
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A corporation is formed by filing Articles of Incorporation with the Secretary of State. The State of Nevada when it accepts the Articles issues a Corporate Charter. Once the corporation is chartered, it may then go about the business of getting itself organized. The Articles of Incorporation must contain the name and address of at least one director.
Regulated by NRS78 a general corporation is the most common type of business entity. A corporation is owned by stockholders. A stockholder's personal liability is limited to the amount of their investment. The corporation's existence is eternal as long as it is in good standing within the jurisdiction that it exists. This is the entity that the great majority of clients form. The disadvantage mentioned by those not familiar with corporate strategies of a "C" corporation is the possibility of being taxed twice. Once at a corporate level, and once again at the individual rate, if the Corporation pays the individual by issuing a dividend. However, if dividends are not declared, there is no double taxation problem. The advantages to this entity are explained in great length in many books and there are many, many advantages to doing business corporately. The board of directors are responsible for managing the affairs of the corporation. Usually, directors make only the major business decisions and supervise and appoint the officers who make the day to day business decisions of the corporation. Officers are responsible for the everyday management of the corporation. Typically, officers are appointed directly by the board of directors. It is important to note that a shareholder may serve on the board of directors and as an officer. In fact in Nevada one person is enough to form a corporation. Depending on your business and your business location, you may need additional licenses from the City of Las Vegas, City of North Las Vegas, City of Henderson, City of Boulder City and/or Clark County. The State of Nevada Taxation also requires an Annual Business License/Tax Permit for all Nevada Corporations, regardless of if they are doing business with in the state or not. Postal Plus Express can assist you with setting up your corporation, however we are not Legal, Financial or Business Management Experts. Our speciality is in providing mailbox and mail forwarding services as well as Resident Agent Services. |