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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: BHunt who wrote (10235)	1/15/1999 12:39:00 AM
From: VANTAGE	Read Replies (1) \| Respond to of 15313

Nevada offers many advantages as a corporate haven over Delaware: 1.Nevada has no state corporate taxes. 2.Nevada has no franchise tax. 3.Nevada has no tax on corporate shares. 4.Nevada has no personal income tax. 5.Nevada provides total privacy of shareholders. 6.Nevada is the only state without a formal information-sharing agreement with the IRS. 7.Nevada is the only state that allows for the issuance of "bearer shares." 8.Nevada has minimal reporting and disclosure requirements. 9.Nevada has nominal annual fees. 10.Nevada allows for a one-man corporation. 11.Nevada has established case law that prevents easy piercing of the corporate veil. 12.Corporate officers and directors can be protected form any personal liability for their lawful acts on behalf of the corporation. 13.Stockholders, directors and officers need not live or hold meetings in Nevada, or even be U.S. citizens. 14.Only the names of the officers and directors are on public records. No other information, listings, or minutes of meetings are filed with the State. 15.There is no minimum initial capital requirement to incorporate. 16.Nevada corporations may issue stock for capital, services, personal property, or real estate. The directors alone may determine the value of any such transactions, and their decision is final.