A corporation in Nevada is recommended to hold an annual meeting of its shareholders or members. The meeting may be held anywhere.During an organizational meeting, the incorporators should elect the board of directors, or the initial directors should appoint officers. Some corporations must hold annual meetings and draft annual meeting minutes for satisfying their business compliance responsibilities. This guide will help you file formation documents, get tax identification numbers, and set up your company records. NRS 81.0065 Secretary of State authorized to adopt certain regulations to allow entities to carry out powers and duties through most recent technology. Free guide to the easiest way to file your Nevada Annual Report. Unless otherwise provided in the bylaws, the board of directors have the authority to set the date, time and place for the annual meeting of the stockholders. Under Robert's Rules, what is the first item in the order of business? Renewal requirements: State of Nevada business licenses typically have a one-year expiration date and must be renewed yearly.