The Nevada Revised Statutes (NRS) are the current codified laws of the State of Nevada. The Statutes of Nevada are a compilation of all legislation passed by the Nevada Legislature during a particular Legislative Session.
Nevada law contains a provision governing “acquisition of controlling interest.” This law provides generally that any person or entity that acquires 20% or more of the outstanding voting shares of a publicly-held Nevada corporation in the secondary public or private market may be denied voting rights with respect to ...
For detailed formation steps, see our Nevada LLC formation guide. Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Nevada Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Apply for S Corp status with IRS Form 2553.
The corporate opportunity doctrine prohibits a corporate fiduciary from exploiting an opportunity related to the corporation's business unless he or she first offers that opportunity to the corporation.
Chapter 78 - Private Corporations. NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
Does Nevada Require Corporate Bylaws? No. NV Rev Stat § 78.046 describes some of the powers bylaws can have, but it doesn't mandate that corporations adopt bylaws. Even so, bylaws are essential legal documents for corporations.
The first shareholder meeting is an organizational meeting where shareholders ratify and approve the actions of the incorporators. Shareholders also approve shares values, appoint directors and officers if needed, and wrap up other initial tasks.
Does Nevada Require Corporate Bylaws? No. NV Rev Stat § 78.046 describes some of the powers bylaws can have, but it doesn't mandate that corporations adopt bylaws. Even so, bylaws are essential legal documents for corporations.