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.
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 Nevada Business Corporation Act allows businesses to be formed to conduct any lawful business. The act allows for a corporation to serve a purpose aside from those stated in the articles of corporations.
Chapter 78 - Private Corporations. NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
Chapter 78 - Private Corporations. NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
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.
Non-profit entities organized pursuant to NRS Chapter 82 are not required to have a State Business License. Non-profit entities organized pursuant to NRS 81 must file the Declaration of Eligibility for Exemption form along with their initial or annual list.
Other types of organizations and companies are exempt from filing for a business license, including government entities, non-profit organizations (religious groups, fraternal organizations, and charitable organizations), a person who is a natural citizen and operates a business from their home if the business does make ...