Business Trust -Foreign - Revival(NRS Chapter88A) Used to revive aforeign Business Trust pursuant to NRS Chapter 88A.
A Nevada Business Trust — Foreign – Revival (NRS Chapter 88A) is a trust that allows foreign entities to revive, or reinstate, existing business trusts that have been previously dissolved in a foreign jurisdiction. The trust also allows the foreign entity to continue to do business in Nevada, offering a number of benefits. These include limited liability protection, flexible management structure, tax advantages, and asset protection. There are two types of Nevada Business Trust — Foreign – Revival (NRS Chapter 88A): reviving a foreign business trust and reviving a Nevada business trust. To revive a foreign business trust, the foreign entity must file a Certificate of Revival with the Secretary of State and must provide a copy of the trust agreement and other documents as required by NRS Chapter 88A. To revive a Nevada business trust, the foreign entity must file a Certificate of Revival with the Secretary of State and must provide a copy of the trust agreement, a Certificate of Qualification, and other documents as required by NRS Chapter 88A. Both types of revivals require the foreign entity to provide a Statement of Trustees, which must include the name and address of the trustees, the trust’s purpose, the trust’s duration, and the provisions of the trust. Additionally, the foreign entity must provide a Statement of Assets, which must include a description of all property held by the trust, the value of each asset, and the names and addresses of any creditors and beneficiaries. Once the documents are submitted and approved, the foreign entity can begin doing business in Nevada. The trust also allows the foreign entity to take advantage of Nevada’s favorable tax laws and asset protection laws.
A Nevada Business Trust — Foreign – Revival (NRS Chapter 88A) is a trust that allows foreign entities to revive, or reinstate, existing business trusts that have been previously dissolved in a foreign jurisdiction. The trust also allows the foreign entity to continue to do business in Nevada, offering a number of benefits. These include limited liability protection, flexible management structure, tax advantages, and asset protection. There are two types of Nevada Business Trust — Foreign – Revival (NRS Chapter 88A): reviving a foreign business trust and reviving a Nevada business trust. To revive a foreign business trust, the foreign entity must file a Certificate of Revival with the Secretary of State and must provide a copy of the trust agreement and other documents as required by NRS Chapter 88A. To revive a Nevada business trust, the foreign entity must file a Certificate of Revival with the Secretary of State and must provide a copy of the trust agreement, a Certificate of Qualification, and other documents as required by NRS Chapter 88A. Both types of revivals require the foreign entity to provide a Statement of Trustees, which must include the name and address of the trustees, the trust’s purpose, the trust’s duration, and the provisions of the trust. Additionally, the foreign entity must provide a Statement of Assets, which must include a description of all property held by the trust, the value of each asset, and the names and addresses of any creditors and beneficiaries. Once the documents are submitted and approved, the foreign entity can begin doing business in Nevada. The trust also allows the foreign entity to take advantage of Nevada’s favorable tax laws and asset protection laws.