Nevada Dissolution to Corporation Sole (NRS CHAPTER 84) is the process of dissolving a corporation in the state of Nevada and converting it to a Corporation Sole, which is a type of single-member corporation. It is a legal process that involves filing Articles of Dissolution with the Secretary of State, as well as providing notice to creditors, shareholders, and other interested parties. The process also requires the dissolution of any existing corporate assets and liabilities. There are two types of Nevada Dissolution to Corporation Sole: voluntary dissolution and administrative dissolution. Voluntary dissolution is initiated by the corporation's board of directors or shareholders, while administrative dissolution is initiated by the Nevada Secretary of State due to violations of state laws or regulations.
Nevada Dissolution to Corporation Sole(NRS CHAPTER84)
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FAQ
Corporations must have one or more directors. Residence requirements. Nevada does not have a provision specifying where directors must reside. Age requirements.
A legitimate corporation sole is designed to ensure continuity of ownership of property dedicated to the benefit of a legitimate religious organization. A taxpayer cannot use a corporation sole created to avoid or evade income taxes as a means to exclude the taxpayer's personal income from tax.
A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person.
NRS 84.010 Purpose. The purpose of a corporation sole is to acquire, hold or dispose of church or religious society property, for the benefit of religion, for works of charity, and for public worship, in the manner provided in this chapter. :1915; 1919 RL p. 2681; NCL § 3223?(NRS A 2009, 2835)
Annual Report and Business License requirement: Corporations in Nevada requires to file an Annual List of Officers/Directors and Business License. It is due by the last day of the Corporation's anniversary month. The filing fee is $150 for the Annual List and $500 for the Business License registration.
A corporation sole can only be created by statute. A corporation aggregate is a separate legal entity formed by several individual persons. The corporate aggregate has an existence which is separate from the persons comprising it. There are three types of corporation aggregate: chartered, statutory and registered.