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SOME OF THE STEPS THAT CAN BE TAKEN IN NEVADA/DELAWARE TO ESTABLISH SUBSTANCE ARE LISTED BELOW. WE URGE YOU TO DISCUSS YOUR COMPANY’S SPECIFIC NEEDS WITH YOUR TAX AND LEGAL ADVISORS.
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Incorporated or organized by Nevada/Delaware law firm |
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Title of investments and other assets transferred to Nevada/Delaware entity |
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Evidence of passive income assets such as trademarks, licenses, copyrights held in Nevada/Delaware |
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Separate contracts or agreements executed in Nevada/Delaware by a resident officer/employee for: |
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custody/bond accounting |
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payroll |
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financial accounting |
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employment |
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office space and equipment leases |
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third party investment management |
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Resident employee/officer on payroll |
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Resident director |
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Board of Directors meetings held in Nevada/Delaware |
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Corporate records maintained in Nevada/Delaware |
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Separate checking account |
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All state and county licensing fees, payroll, payroll taxes, service fees and additional operating expenses for the Nevada/Delaware investment subsidiary are paid with checks drawn on a local checking account established for the entity. |
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Maintain a permanent office in Nevada/Delaware |
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Maintain separate brokerage accounts, if applicable |
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Separate telephone number published in Nevada/Delaware telephone directory
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Employment taxes paid to State of Nevada/Delaware |
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Compliance with Nevada/Delaware Tax and Corporate Laws |
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Federal tax identification number applied for from subsidiary / holding company’s Nevada/Delaware address
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