Wednesday, August 6, 2008

Limited Liability

A Nevada Corporation may be formed for the express purpose of limiting a person's liability in a lawful business venture. Unlike many states, and as an added dimension to the indemnification of corporate principles, Nevada law allows for the establishment of alternate financial arrangements to protect corporate officers and directors. Nevada law requires no minimum initial capitalization at the time of start-up, thereby removing this as a means of piercing a corporation's protective shield.

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