Corporate Nevada's "Best for Less" Value Guarantee
With anything this important Quality has to be the top priority, however, money is always a consideration. As a professional attorneys' fulfillment service, Corporate Nevada is an "Original Source" for ongoing Strategy Development, Essential Records, Nexus Compliance, Corporate Formality, Maintenance, etc. and, therefore, provides discount fees for incorporation and compliance. You won't find better for less or we'll refund the difference. It's a small price to pay if you actually discover a legitimate, better comparable, service (not special limited deals) for less. Corporate Nevada may contract with them if legitimate and stable. Clients refer to us as "The Best for Less" because we are, and will stay that way. This is Corporate Nevada's ongoing guarantee to all its clients.
Corporate Nevada's "Do It Right" $100,000.00 Guarantee
Corporate Nevada Ltd is proud to stand behind its services and guarantees the compliance and integrity of the corporate veil, subject to the step-by-step compliance list, as provided in the Terms and Conditions of the Personal Liability Guarantee. The Guarantee is activated only upon the successful piercing of the corporate veil of the covered company which results in the owners, directors, officers, managers or members of the company being held personally liable for the debts and contractual obligations that the covered company has to third parties, as determined by a court of competent jurisdiction in Nevada. The Guarantee is not insurance, and is limited to up to $100,000 reimbursement of reasonable and documented legal defense expenses incurred and paid by the covered company as the direct result of the company’s good faith defense against a claim which attempts to pierce the corporate veil in a court of competent jurisdiction in Nevada.
Compliance list:
The Terms and Conditions of the Personal Liability Guarantee require that all claims must be accompanied by certification and documentation verifying the timely and full completion and compliance of the following items:
- The corporation or LLC must be formed, maintained and current at all times with Corporate Nevada’s fulfillment compliance service.
- The corporation or LLC, or it owners, directors, officers, managers or members, must not be involved with or be convicted of any felony or fraud charges or any illegal activities.
- The corporation or LLC must be valid and filed with the Nevada Secretary of State. File any changes to original articles as official amendments, and pay associated fees.
- File all required applications for foreign qualification as a foreign corporation or foreign LLC in all foreign jurisdictions where the company has legal or tax nexus, as defined by the relevant jurisdiction and pay associated fees.
- File the initial and annual reports with the State of Nevada and any other jurisdiction in which the company is registered to do business as a foreign entity, and pay associated fees.
- File the Nevada Business Registration Application with the Nevada Department of Taxation, obtain a State Business License and file and pay the annual business license fees.
- Issue signed stock certificates (corporation) or membership units (LLC) to the shareholders/members in exchange for appropriate consideration, and record all stock or membership unit issuance, redemption or transfers in the register.
- Hold shareholder, directors, member and managers meetings as required and at least annually.
- Properly maintain a corporate or LLC record book, which includes copies of all organizational documents and amendments; by-laws or operating agreements (with amendments); notices and minutes of all meetings; resolutions of any/all significant company events; and stock/membership unit register.
- Properly executed bylaws (if a corporation) or an operating agreement (if LLC) that detail the internal affairs and operations of the management of the company. Ensure that the company’s current business practices are in compliance with the bylaws or operating agreement.
- Submit all tax reports and payments to local, state and federal governments in a timely manner.
- Document all loans to and from shareholders, directors, owners, members, managers, officers and employees with appropriate promissory notes and security agreements, including UCC-1 financing statements, where necessary.
- Confirm and ensure that the company keeps its own accounting records separate from that of other entities or individuals.
- Pay unemployment insurance and Social Security withholding on all applicable payroll and for all applicable employees.
- Conduct all business only in the name of the company. All contracts and agreements must be signed by duly authorized officers, directors, or managers, with all contract signatures accompanied by the proper use of the individual’s title with the company.
- To the extent that the company conducts business under a name other than its full corporate or LLC name, confirm and ensure that the company’s use of such name complies with all applicable laws and registration requirements.
Corporate Nevada Ltd; No One Does It Better for Less
- Allowing their corporation to go into default with the Secretary of State (S.O.S.).
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Failure to maintain state fees will cause the charter to be revoked and with it any protection and tax advantages it normally provides.
- Commingling funds. Using the business funds for personal expenses.
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The Corporation’s bank account and assets are not to be treated as if they were personal assets. They must remain separate at all times.
- Not documenting major business decisions with properly drafted formalities.
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It is the directors’ function to make major decisions for the benefit of the Corporation on behalf of the shareholders.
- Not holding (and documenting) annual and/or necessary meetings per the corporate by-laws.
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Directors and shareholders must meet annually at a minimum. Failure to make proper notification or waiver would be a violation of the by-laws.
- Not issuing stock and maintaining a stock ledger.
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All Corporations and LLCs have owners and they must be properly documented within the company’s record book showing amount of ownership and their capital contribution.
- Personally signing documents, agreements, etc. on behalf of the corporation.
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Without the proper officer title attached a signature could be misconstrued as a personal guarantee.
- Under capitalization.
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Failure to supply the Corporation with enough capital or assets to effectively operate in a reasonable and ordinary manner.
- Commingling dangerous and safe assets in one corporation.
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If the corporation is attacked, all the assets inside the corporation are at risk of seizure from a judgment. Always separate assets from risk.
- Dissolving the Corporation prior to an impending lawsuit…
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Or worse, after a judgment has been rendered. This would remove any protection the corporate veil provided, possibly placing all liabilities and tax penalties on the shareholders.
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