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DOMESTICATION OF A CORPORATION IN NEVADA

How do you Domesticate your corporation?

Domesticating involves the "transfer" of an existing corporation to a new jurisdiction. If you are planning to relocate your business outside of the State within which you are now incorporated, you may want to domesticate. Although you have the option of merely dissolving the existing corporation and re-incorporating in your new home state, Domestication may be the more attractive alternative. This is because Domestication allows you to retain the "age" of the corporation, which may be important if you want to keep your existing Federal Tax Identification Number, corporate bank accounts and lines of credit. In addition, retaining the "age" of the corporation may be useful if you are applying for new lines of credit and/or special government exemptions.

It is not necessary for you to have a complete knowledge of the governing laws, rules, policies and/or restrictions relating to each State’s requirements for Domestication. Spiegel & Utrera, P.A. will work with you to make sure your relocation plans move forward expeditiously and your business grows where it needs to grow.

Would you rather speak to a lawyer? A Spiegel & Utrera, P.A. associate is ready to take your call.