Nevada Foreign Corporation Annual Statement Requirements
In Nevada, the statute outlining the requirements for publishing a legal notice for a Foreign Corporation Annual Statement is NRS 80.190. This statute mandates that each foreign corporation doing business in the State of Nevada shall, publish a statement in two numbers or issues of a newspaper published in the State of Nevada that has a total weekly circulation of at least 1,000.
The Foreign Corporation Annual Statement publication must occur no later than the month of March in each year, except, if the corporation keeps its records on the basis of a fiscal year other than the calendar, the statement required must be published not later than the end of the third month following the close of each fiscal year.
If this legal notice is NOT published, then you are NOT in compliance with the State of Nevada Statute.
Penalty for Not Publishing your Nevada Foreign Corporation Annual Statement
In Nevada, per NRS 80.190(3) A corporation which neglects or refuses to publish a statement as required by this section is liable to a penalty of $100 for each month that the statement remains unpublished.
NRS 80.190(4) Any district attorney in the State or the Attorney General may sue to recover the penalty. The first county suing through its district attorney shall recover the penalty, and if no suit is brought for the penalty by any district attorney, the State may recover through the Attorney General.
Furthermore, a foreign corporation that fails to comply with NRS 80.190 is not authorized to transact business in Nevada. Nevada Attorney General Opinion 1959-16 (March 4, 1959).
It’s important for foreign corporations to ensure they comply with all statutory requirements to avoid these potential penalties.
By having us publish your Nevada Foreign Corporation Annual Statement this can be avoided.
Publishing your Nevada Foreign Corporation Annual Statement can be confusing
Common problems business owners have when trying to publish their Nevada Foreign Corporation Annual Statement in a newspaper:
• The legal notice must be published within strict deadlines, which vary based on the corporation’s fiscal or calendar year, requiring careful planning.
• Most individuals are unfamiliar with the process of generating a legal notice and meeting the specific requirements of Nevada statutes.
• Writing the legal notice takes time that you might not have.
• Choosing the correct approved newspaper to place the legal notice in is critical.
• Researching how to place the legal notice in a newspaper and purchasing/submitting the legal notice in the newspapers takes time that you might not have.
Why Choose Us for your Nevada Foreign Corporation Annual Statement Publishing
From start to finish we make a complex issue simple. We have a long and well-established relationship with local county newspapers throughout the State of Nevada. Due to our large volume of Nevada Foreign Corporation Annual Statements, some of these newspapers give us additional discounts not available to the individual. We can then pass along these savings to you.
With the vast number of newspapers in circulation our staff knows which newspapers comply with the Nevada Foreign Corporation Annual Statement requirements and will select the appropriate newspaper.
Our Nevada Foreign Corporation Annual Statement Process
• We generate a legal notice that meets all the requirements for publishing a Nevada Foreign Corporation Annual Statement in the State of Nevada, per NRS 80.190.
• We submit the legal notice to the newspaper in the State of Nevada.
• We obtain an affidavit from the newspaper that your legal notice has been published.
• The affidavit of publication is emailed to you for your business records for proof of publication.
Timeline to Complete Nevada Foreign Corporation Annual Statement Publishing
Completion is approximately 4-6 weeks. During this time, we will generate your legal notice that meets all the requirements for publishing a Nevada Foreign Corporation Annual Statement in the State of Nevada, per NRS 80.190. We will arrange and publish your legal notice in a newspaper, obtain the affidavit from the newspaper, and email you the affidavit of publication for your business records.
Nevada Foreign Corporation Annual Statement Publishing Pricing
The Nevada Foreign Corporation Annual Statement Publishing price is determined by the cost of the newspaper advertisement plus our service fee for preparing the legal notice, submitting it to the newspaper, and providing you with the affidavit of publication. The price we provide in the order form is all inclusive and there are no additional or hidden fees.