- Piercing the corporate veil in Nevada requires the presence of “fraud” or “manifest injustice”. This is the highest standard for personal indemnification available. NRS 78.138 (7)
- Charging order protection for stock of closely-held corporations protects stockholders of all Nevada corporations with between 2 and 75 shareholders. Nevada is the first – and only – state to offer this level of shareholder protection! NRS 78.746
- Nevada’s charging order protection statute protects S corporations from losing their federal S election in the event of a judgment against a shareholder. This prevents potentially significant negative tax consequences. NRS 78.746
- Corporate directors have greater flexibility in consenting to corporate actions. NRS 78.115 - 78.140
- Reinstatement of entities has the legal impact as if the corporation had always been in good standing, thus preserving the corporate veil. NRS 78.180(5)
- Dissenting shareholders prohibited from voting shares or receiving dividends in certain circumstances. NRS 92A.380(3)
- Stock transfer agents are required to be licensed, ensuring high ethical standards. NRS 90.310
- A corporation may elect to renounce specific business opportunities. NRS 78.070(8)
- Articles of incorporation may require more than a plurality of votes cast by stockholders in order to elect directors, if desired. NRS 78.115 - 78.130
- Restated articles of incorporation do not need an accompanying resolution upon filing. NRS 78.403
- Corporate revival procedures are simple. NRS 78.730
- Efficient, predictable Business Court minimizes the costs and risks of business litigation.
- Amendments may be filed with delayed effective dates. NRS 78.380, 78.390 and 78.403
- Entities formed in other states may be converted into Nevada entities so they can have the same advantages and flexibility. NRS 92A.195 and 92A.205
|
| Source: http://www.leg.state.nv.us/ |
|
|
 |
