No New Corporations Sole in Nevada

In Senate Bill No. 55, the 2009 Nevada Legislature amended the Nevada Revised Statutes (NRS) governing the incorporation of corporations sole. A corporation sole may be formed in Nevada "for acquiring, holding or disposing of church or religious society property, for the benefit of religion, for works of charity, and for public worship," pursuant to NRS Chapter 84. As of July 1, 2009, new corporations sole may only be formed in Nevada if they are a subsidiary of an existing corporation sole. After July 1, 2011, no new corporations sole may be formed in Nevada. Senate Bill No. 55 does not change the status of existing corporations sole.

Business Licensing Transfer of Power

The 2009 Nevada Legislature has taken further steps to consolidate responsibilities for business licensing in the office of the Nevada Secretary of State. Pursuant to Nevada Assembly Bill No. 146, the authority to issue state business licenses will be transferred from the Nevada Department of Taxation to the Nevada Secretary of State's office. The transfer will be effective on October 1, 2009. This transfer of responsibilities moves Nevada one step closer to the Delaware one-stop-shopping model for businesses.