Piercing the corporate veil in Nevada requires the presence of “fraud” or “manifest injustice”. This is the highest standard for personal indemnification available. NRS 78.138 (7)
Charging order protection for stock of closely-held corporations protects stockholders of all Nevada corporations with between 2 and 75 shareholders. Nevada is the first – and only – state to offer this level of shareholder protection! NRS 78.746
Nevada’s charging order protection statute protects S corporations from losing their federal S election in the event of a judgment against a shareholder. This prevents potentially significant negative tax consequences. NRS 78.746
Corporate directors have greater flexibility in consenting to corporate actions. NRS 78.115 – 78.140
Reinstatement of entities has the legal impact as if the corporation had always been in good standing, thus preserving the corporate veil. NRS 78.180(5)
Dissenting shareholders prohibited from voting shares or receiving dividends in certain circumstances. NRS 92A.380(3)
Stock transfer agents are required to be licensed, ensuring high ethical standards. NRS 90.310
A corporation may elect to renounce specific business opportunities. NRS 78.070(8)
Articles of incorporation may require more than a plurality of votes cast by stockholders in order to elect directors, if desired. NRS 78.115 – 78.130
Restated articles of incorporation do not need an accompanying resolution upon filing. NRS 78.403
Corporate revival procedures are simple. NRS 78.730
Efficient, predictable Business Court minimizes the costs and risks of business litigation.
Amendments may be filed with delayed effective dates. NRS 78.380, 78.390 and 78.403
Entities formed in other states may be converted into Nevada entities so they can have the same advantages and flexibility. NRS 92A.195 and 92A.205
