by admin on October 7, 2011
If your corporate minutes are inaccurate or incomplete you can harm many things in your business. Corporate minutes are written records of your shareholder and board of directors meetings. These are crucial for your corporation. When kept properly, corporate minutes can help protect personal assets of the owners and officers. Inaccurate or incomplete corporate minutes can expose your corporation to damaging lawsuits and IRS audits.
The IRS can reclassify compensation; expenses and loans paid to shareholders as taxable income and include taxes and penalties if there are discrepancies within your Minutes. You can also become personally liable in the event of a lawsuit because corporate records can easily become discovery in the event of a lawsuit.
Nevada State Corporate Network specializes in keeping corporate records for you and your corporation.
Various benefits of such vital corporate meetings are as follows: -
- Legal business paperwork offers the authentic record of the business meetings, decisions taken and included proceedings.
- Many banks, financial institutions and escrow companies demand written documents from the small or medium corporations to assess decisions related to your corporation
- The corporate minutes’ records can convey your corporate decisions in a much better way to the shareholders.
- States more often than not require corporate records to be kept in order.
Nevada State Corporate Network, NSCN, can assist you in keeping your corporate records accurate and up-to-date to help you avoid unnecessary and messy turmoil.
For more information on any of these services please call toll free 1-800-324-5013 to speak with one of our knowledgeable consultants at Nevada State Corporate Network between the hours of 8-5 Monday through Friday.
by admin on October 3, 2011
You can well estimate and understand the importance of what is called the nominee service for corporations by the fact that it is being practiced in the Nevada State Corporate Network for past 75 years. Yes, this is the bare fact! This service which must be practiced by all corporations offers the nominee name and sign in the space given in the form and thus, it becomes liable for the nominee officer or director. He will not be responsible for relishing any services, tasks and duties for the corporation at any cost and that; he or she will receive the gratitude mentioned as in the laws of Nevada State. In fact, a nominee Officer or Director is the individual who will stand against the ruling member of the corporation or business entity in the absence of the business owner. He has right to own and control the business pursuits and deals in the corporation.
Apart from offering you a unique service on the nominee basis, the corporations will further provide you an advanced layer of protection in terms of asset protection and privacy terms. The companies assures the business owner as well as the nominee to assign one of the associates to stand with you at the time of distress or any problem so that you always remain secure and you may work freely in the interests of corporations. Under the supportive laws related to nominee officers, NSCN allows the sole corporation owner to retain all the rights and writs so that you will be free to take any financial decision, signature rights and all sorts of lease arrangement.
You are also righteous to vote the nominee officers out of the corporation if they are not working up to the mark or in the interest of company. Nevada State Corporate Network has such rules and provisions active even for the small business owners.
