Nevada Close Corporation Filing (NRS CHAPTER78A) is a type of business entity in Nevada that is designed to provide the benefits of a corporate structure while allowing for more flexibility and privacy than a traditional corporation. It is a popular choice for small businesses due to its limited liability protection, tax advantages, and simplified ownership structure. The Nevada Close Corporation Filing (NRS CHAPTER78A) has two main types: a Domestic Close Corporation and a Foreign Close Corporation. A Domestic Close Corporation is one that is formed and registered in Nevada, while a Foreign Close Corporation is one that is formed outside of Nevada but registered to do business in the state. Both types of Nevada Close Corporation Filings (NRS CHAPTER78A) must meet certain requirements to be valid, such as having a minimum of one shareholder, one director, and maintaining a registered agent in the state. Additionally, the corporation must have a corporate name that complies with the Nevada Revised Statutes and must file Articles of Incorporation with the Nevada Secretary of State. The primary benefits of a Nevada Close Corporation Filing (NRS CHAPTER78A) are that it offers limited liability protection to shareholders, limited tax liability, and greater flexibility in ownership structure and management. Additionally, the corporation’s financial records and activities are not subject to public disclosure.