Replies to post #13302 on DD Support Board and Research Team

[1manband]

Nevada is an extremely popular state for penny stocks and shells for several reasons. It is extremely easy (probably too easy) to establish a corporation in Nevada through a registered agent. Once that company is established, Nevada laws are very pro-management and pro-secrecy. Nevada statutes are very lenient in terms of allowing management and Board of Directors to make changes and corporate actions quickly and easily.

Nevada is also very popular for another reason. Nevada allows full corporate indemnification for officers and directors. The Nevada statues are much stronger for indemnification, especially in cases of wrongdoing, than other states. This is very powerful cover for officers and directors who may be placing their own interests ahead of the common shareholders.

For these reasons I avoid owning shares in publicly traded Nevada corporations.

[matoutus]

Nevada also offers tax benefits ....

Tax benefits..Nevada's tax structure is also a large benefit to incorporation in Nevada. Nevada has no franchise tax. It also has no corporate income tax or personal income tax.[1]
[quote/]...as long as a corp. files as a foreign corp.with the proper ficticious name or dba ...they are in good standing in the state they are doing business in .Texas Oil and Minerals ( BNPD)has clearly done this and are in fact in good standing in Texas .