Private Nevada Corporation
Under Nevada Corporate law, much like the corporate code in any other state, a corporation’s officers and directors are required to be listed and are a matter of public record. Even after the initial filing of the articles of incorporation listing that lists these officers and directors, a listing of the officers and directors is an annual reporting requirement. That’s the bad news. The good news is that Nevada corporate law also allows for the appointment of “Nominee” officers and directors. A nominee Director or Officer is one that stands in place of the “true” owner or controlling entity of the corporation. Because Nevada requires that the name of the Director (or Directors) of a corporation be a matter of public record, a nominee Director can be in place as the only publicly disclosed officer or representative of the Nevada corporation (along with the Registered Agents, of course). Most nominee Directors or officers have NO signor authority within the corporation, with NO control of corporate funds, NO operational control of the corporation, and can be “voted out” at any time by the majority shareholder or controlling interest in the corporation. Again, because of the flexibility of the by-laws allowed by Nevada, almost any rule with respect to the appointment of nominee officers can be addressed in the by laws. And that can amount to a huge privacy and confidentiality advantage! Not having your name listed publicly as an officer in a corporation can serve to limit your liability and substantially increase your privacy.
For example, when faced with potentially following a lawsuit against you, it is common practice that the attorney contemplating the lawsuit conducts a search for your assets. If you have formed, and are properly operating, a Nevada corporation, expensive assets such as real estate, financial accounts, automobiles, etc. can be owned by the corporation, and hence not immediately detectable as a “personal asset” owned by you. Further, by appointing nominee officers and directors of a corporation (remember one person can simultaneously fulfill director and officer responsibilities in a Nevada corporation), these assets are kept that much more private and difficult to find--your name does not have to appear anywhere on the list of officers and directors of a corporation over which you have complete control of. And it is just this type of situation for which we are poised to help!
Nominee Privacy Service
In addition to the Nevada Office Program (also known as the Nevada Corporate Office Program), Companies Incorporated offers a unique service to give you a BIG extra layer of privacy and protection. In order to protect our clients from prying eyes, Companies Incorporated offers our Nominee Privacy Service. When you sign up for this service, we will assign one of our associates to stand in for you as the officers and directors of your corporation. This service is available for Nevada (and Wyoming) Corporations, and is offered at only $500 a year!
When a nominee officer or director is appointed, you (the owner of the majority of stock) can remain in complete and total control of your corporation. You retain all signature rights over any financial accounts, you retain the right to enter any sort of financial or lease arrangement with any other entity, etc. As the majority stockholder, you can, at any time, vote the nominee officers out of the corporation if you so choose. In addition, as stated above, you retain all signature rights over all bank accounts--your Companies Incorporated nominee officers do not touch any funds associated with the corporation as they do not have access or signature authority over any corporate account. They simply preserve your privacy by fulfilling the legal requirement for a corporation to have one or more listed officer.
Typically, our clients order the Nevada Corporation, Nevada Corporate Office Program and the Nominee Service together as a package. To establish a Corporation with the Nevada Corporate Office Program and Nominee Service, visit our secure order center.
Incorporate online right now and find out how easy it is to have your own Nevada corporation with nominee privacy service.
