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More Information about the Nevada Incorporation Application Form
What is the name of your corporation? Type in the name EXACTLY as you want it to appear. (The name must end with "Corporation," "Incorporated," "Corp." or "Inc." in most cases.)
If you would like to form a professional corporation, there may be additional requirements for the corporate name. In addition, the corporate name usually must end with "P.C." or "Professional Corporation."
Please contact the profession's licensing board for more information. After you submit your order, we will contact you if additional information is needed.
First Alternate Name
We will use your alternate names only if your first choice is not available. Please make sure that your alternates are distinct from your first choice.
For clarification, "Goodman Pizza, Inc." is not distinct from "Goodman Pizza Corp." However, "Goodman Italian Foods, Inc." would be distinct, as would "Goodman Pizza Factory, Inc."
If you have a corporate name reservation, please type "Already Reserved" as the alternate names.
Up to how many shares of common stock can the corporation issue?
This is the maximum number of shares your corporation can eventually issue, but you do not need to assign all of them to stockholders at this time. You can keep some shares in "reserve." Even if you are a small corporation, you must authorize a minimum of one share.
Some states, including Delaware and Nevada, base their corporate tax or filing fee on the total number of authorized shares. To minimize these fees, do not authorize more than 1,000 total shares of common stock and preferred stock.
What is the par value of the shares?
Par value is the nominal or stated value of the shares. Sometimes, it is used for computing filing fees or corporate taxes. A par value of $.01 or $0.001 will minimize these fees.
Stock cannot be sold at less than its par value, though it can be sold at more than par value. Therefore, par value usually has no relation to the actual price of the shares.
Will the corporation be authorized to issue preferred stock? (If you want to be an S-corporation, choose "No", since S-corporations can only issue one class of stock.)
A corporation only needs one type of shares -- common stock. For most corporations, that is sufficient. However, if you need to create a special class of owners who have different rights (such as special voting or profit-sharing powers), it may be advantageous to have preferred stock.
If you choose "yes," the board of directors will be given the flexibility to determine the terms of the preferred stock at a later date.
What is the end of the corporation's fiscal year? (For most small corporations, and especially for S-Corporations, the end of the fiscal year is December 31.)
A fiscal year is any 12-month period used by a corporation as its accounting period. If you would our to help you become an S-Corporation, you must answer December 31st.)
Who are the directors of the corporation?
A corporation must have at least one director. In many states, a corporation with two stockholders must have at least two directors and a corporation with three or more stockholders must have at least three directors.
Directors are responsible for the corporation's overall management. They differ from the officers, who run the day-to-day operations.
Who are the officers of the corporation?
Each corporation must have a President, Treasurer and Secretary. Please note that one person may hold every office. If you have more than two shareholders, the President and the Secretary should be different people.
Other Officers (if any)
Each corporation must have a President, Treasurer and Secretary. Please note that one person may hold every office. If you have more than two shareholders, the President and the Secretary should be different people.
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