Posted by George on February 20, 1999 at 14:24:21:
You are correct when you state that the Nevada Corporation would be a foreign Corp in Texas. But you miss the whole point of using Nevada Corps for asset protection.
David, I think you are on the right track if your Texas Corp is to be wholly owned by your Nevada Corp. When you register in Texas, you will probably have to list your “senior employees” but your list of directors and/or stockholders would be “The Nevada Corp”. In Nevada you only have to list one director, senior officers but none of the stockholders. Since Nevada allows “bearer stocks”, you can hide your assets very well this way.
Contact Bronchick, he can help you get things set up properly. If you need some one in Nevada to establish an address etc. and act as your agent, email me.