A corporation may purchase the assets of another business. This would not be a merger or consolidation. In an acquisition situation, the purchaser does not necessarily become liable for the obligations of the business whose assets are being purchased unless the acquiring corporation agrees to be liable.
Pursuant the Model Business Corporation Act, a sale of all of the assets of a corporation requires approval of the corporation's shareholders if the disposition would leave the corporation without a significant continuing business activity.
Nevada Offer to Purchase Assets of a Corporation
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Nevada is another state that's friendly for corporations. There's no state or corporate income tax, and unlike Delaware, Nevada doesn't charge a franchise tax for corporations or LLCs. Through the state's online portal, it processes most transactions on the same day for no extra fee.
Nevada requires corporations to file an Initial List of Officers/Directors and Business License at the time of filing its Articles of Incorporation. The filing fee is $150 for the Initial List and $500 for the business license registration.
To start a corporation in Nevada, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State. You can file this document online or by mail.
Delaware companies have a better reputation in the business community, as judged by the United States Chamber of Commerce. Neither Delaware nor Nevada requires a bank account to be opened or meetings to be held in state.
Initial Nevada Corporation Filing Fee This filing fee includes the filing fee of $75 as well as a fee of $150 for your initial annual list of officers and a fee of $500 for your state business license. All of these should be completed at the initial time of filing.
Nevada does not charge franchise tax, capital stock tax, stock transfer tax, estate taxes, corporate income taxes, nor does it tax corporate shares. Because there is no state income tax in Nevada, your corporation would only be subject to Federal taxation.