Domesticate Your Business Entity
Nevada law permits a foreign or out of state business entity to become a Nevada business entity without merger and liquidation. This is a great option for corporations, limited liability companies and other business entities that wish to relocate to Nevada. When a foreign business entity “domesticates” in another state all rights, privileges and powers of the original entity, all property owned by the original entity and all debts due the original entity are vested in the new Nevada entity. The business continues uninterrupted and it doesn’t even need to change its federal taxpayer identification number. In most cases, the cost of maintaining the Nevada entity will be less than the original state, including California.