NEVADA CORPORATION ARTICLE OF INCORPORATION

Thinking of registering a new start-up in Nevada? If you have chosen to register a business corporation then the foremost requirement is to file Nevada articles of incorporation pursuant to 2010 Nevada Code, Chapter 78 for Private Corporations.

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What is Article of Incorporation for a Nevada Corporation?

A Nevada Corporation can be formed by one or more persons and will be legally recognized only when a business entity takes necessary steps to incorporate while following the corporate law (2010 Nevada Code-Chapter 78 Private Corporations). You can incorporate a business by filing the “Articles of Incorporation”. What are the Nevada articles of incorporation?

Articles of incorporation are also known as the certificate of incorporation or a corporate charter in different states. It is a document that is meant to establish that the fact that a corporation exists in the nation. The Nevada articles of incorporation are such a document that provides an outline of the basic information, which is required to a corporation in the state. The document also provides information pertaining to the governance of the said corporation as well as the corporate statutes of Nevada.

In the state of Nevada, the articles of incorporation are filed with the office of the Secretary of State.

What Information is Included in an Article of Incorporation?

The article of incorporation is an important document but what type of information does it contain? It is important to understand beforehand that the information included in this document is “public record” and hence accessible to anyone. The required provisions of Nevada articles of incorporation are governed by 2010 Nevada Code, NRS 78.035 and it should contain the following information:

Name of the corporation – If you are planning to file Nevada articles of incorporation then your business entity requires a name. The corporate name should be distinguishable from any other names that exist in the records of the Secretary of State. The name of a corporation and the requirements are governed by 2010 Nevada Code, NRS 78.039. A corporate name should contain words such as “Incorporated,” “Company,” “Limited,” and abbreviations like “Inc.,” “Ltd.,” or “Corp. You can reserve the name of your business for a period of 90 days using the Name Reservation Request Form pursuant to 2010 Nevada Code, NRS 78.040.
Registered Agent – You will be required to provide the name and physical address of your registered agent in the Nevada articles of incorporation. The appointment of a registered agent in the state is governed by 2010 Nevada Code, NRS 77.310. It important to note that failure to maintain a registered agent in the state of Nevada, can lead to revocation or dissolution of the business entity. A registered agent in Nevada protects businesses by receiving legal notices from the state.
Shares of Stock – One of the important information that a business entity is required to provide in the Nevada articles of incorporation is the number of shares a corporation is authorized to issue. If a business corporation is authorized to issue more than one class or series of stock, then the business will have to include information pertaining to those series and classes, including the number of shares in each series or class. The board of directors of a corporation is responsible for determining and fixing this information through a resolution. The information should be pursuant to NRS 78.195 and 78.196.
Business Purpose – A business entity need to provide information related to their business purpose. Business purpose in Nevada articles of incorporation can be classified as either general purpose or specific purpose. There are also certain limitations on incorporation pursuant to NRS 78.020.
Directors/Trustees – According to 2010 Nevada Code, NRS 78.115, the business of every corporation being registered in the state needs to be managed by a board of directors or trustees. A corporation will have to provide information regarding the names of each and every director/trustee in the Nevada articles of incorporation. It is important to note that the directors/trustees should be a natural person and should be at least 18 years of age.
Incorporator – A business requires incorporation if it is planning to be established as a C or S corporation. An incorporator is an individual, association, or corporation responsible for preparing and filing the Nevada articles of incorporation with the Secretary of the State. Nevada, like most other states requires the name of the incorporator, address, and signature in the articles of incorporation. It is important to note that if you opt for online incorporation then the incorporator is considered to be the representative of an incorporation service provider.
Optional Provisions – One of the important aspects of the Nevada articles of incorporation is that it can contain optional provisions like providing information pertaining to the division or distribution of the profits of the private corporation. The clause of optional provisions is governed by 2010 Nevada Code, NRS 78.037

Form your Corporation in Nevada with IncParadise

If you have taken a decision related to forming a corporation then IncParadise can help provide the guidance and support required for drafting and filing of the Nevada articles of incorporation.

FILE YOUR NEVADA ARTICLES OF INCORPORATION TODAY!

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