Nevada Withdrawal of Designation (NRS78.1955) is a process under Nevada State law that allows a business entity to withdraw from its legal designation as a limited liability company, corporation or limited partnership. The process involves filing a document with the Nevada Secretary of State that terminates the entity's legal status as a business entity in the state. There are two types of Nevada Withdrawal of Designation: voluntary and involuntary. A voluntary withdrawal occurs when the company's owners decide to end the company's status as an LLC, corporation or limited partnership. An involuntary withdrawal occurs when the Secretary of State determines that the company has failed to meet certain requirements, such as filing an annual list of officers or paying the necessary fees.
Nevada Withdrawal of Designation(NRS78.1955)
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The state of Nevada requires all corporations, LLCs, nonprofits, LPs, LLPs, and LLLPs to file a Nevada Annual List and State Business License Application (also called an annual report) each year with the Nevada Secretary of State, Commercial Recordings Division.
The State Business License Fee is $500 for Corporations, and $200 for all other business types. The State Business License must be renewed annually.
Nevada requires LLCs to file an Annual List of Members/Managers and Business License. It is due by the last day of the month marking the LLC's incorporation anniversary. The filing fee is $150 for the Annual List and $200 for the business license registration. Taxes.
Annual Report and Business License requirement: Corporations in Nevada requires to file an Annual List of Officers/Directors and Business License. It is due by the last day of the Corporation's anniversary month. The filing fee is $150 for the Annual List and $500 for the Business License registration.
NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method.
NRS 78A. 090 Operation without board of directors; elimination and reinstatement of board. 1. A close corporation may operate without a board of directors if the articles of incorporation contain a statement to that effect.
Your name must include the words ?Limited-Liability Company,? ?Limited Liability Company,? ?Limited Company,? or ?Limited? or the abbreviations ?Ltd.,? ?L.L.C.,? ?L.C.,? ?LLC? or ?LC.? The word ?Company? may be abbreviated as ?Co.? Nevada requires you to get approval to use certain words in your LLC's name.
The articles of incorporation may require the concurrence of more than two-thirds of the voting power of the issued and outstanding stock entitled to vote in order to remove one or more directors.