Nevada Administrative Code Chapter 80 - Foreign Corporations
Nevada Administrative Code (NAC) – Chapter 80: Foreign Corporations
This chapter governs foreign corporations—that is, corporations formed outside the State of Nevada—that are conducting or wish to conduct business within Nevada. It provides rules and procedures for compliance with Nevada’s laws applicable to foreign entities.
Key Provisions of NAC Chapter 80
1. Registration Requirements
Foreign corporations must register with the Nevada Secretary of State before conducting business in the state.
The application generally includes:
A certificate of good standing or similar document from the home jurisdiction.
Details about the corporation’s officers, directors, and registered agent in Nevada.
2. Registered Agent
Every foreign corporation must maintain a registered agent in Nevada who is authorized to receive service of process.
The agent must have a physical address in Nevada.
3. Annual Requirements
Foreign corporations must file an annual list of officers and directors.
They must also pay the appropriate fees and business license renewal charges as required by Nevada law.
4. Name Requirements
The name of the foreign corporation must be distinguishable from names of other registered entities in Nevada.
If a conflict exists, the corporation may be required to use a fictitious name (DBA) in Nevada.
5. Penalties for Noncompliance
Operating without proper registration can lead to:
Fines and penalties.
Inability to maintain a lawsuit in Nevada courts.
Potential revocation of the right to do business in the state.
6. Termination of Authority
Foreign corporations that cease operations in Nevada must file a certificate of withdrawal with the Secretary of State.
Related Statutes
NAC Chapter 80 is closely aligned with Nevada Revised Statutes (NRS) Chapter 80, which contains the statutory foundation for foreign corporations.Would you like a summary of NRS Chapter 80 as well for the legal background?
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