[NON FRAMES]  

711 S. CARSON STREET, SUITE 4A
CARSON CITY NV 89701
Phone: 1 (800) 944-1120 FAX: 1 (800) 757-2705 SUBSIDIARY A NEVADA SUBSIDIARY MUST BE PREPARED TO SATISFY OTHER STATES AS TO ITS SUBSTANCE IN NEVADA Some of the steps that can be taken in Nevada to establish substance 
are listed below. We urge you to discuss your company's specific 
needs with your tax and legal advisors.

• Incorporated by Nevada law firm
• Title for investments and other assets should be transferred to
• Nevada Company Evidence of passive income assets such as 
  trademarks, licenses, copyrights should be held in Nevada

• All subsidiary portfolio work completed in Nevada
• Portfolio management subject to investment 
  policy and board of directors oversight.

• Trade executions.

• Interest and dividends received in Nevada.

• Investment strategy and decisions.
• Investment meetings.

• Separate contracts or agreements executed in Nevada by a Nevada officer/employee for custody/bond accounting payroll financial accounting employment lease office space and equipment investment management Nevada resident employee/manager on payroll Nevada resident director Board of Directors meetings held in Nevada Corporate records should be kept in Nevada Separate checking account all supplies, postage, equipment, services and payroll are purchased in Nevada and paid with checks written on your checking account at a Nevada bank

 

• Maintain a permanent office in Nevada
• Nevada subsidiary name listed on building or office directory
• Subsidiary should have separate brokerage accounts
• Subsidiary should have separate telephone number with the
  umber listed in the Las Vegas telephone directory.
• Subsidiary should have letterhead and business cards
• Employment taxes paid to State of Nevada
• Compliance with Nevada Tax and Corporate Laws
• Federal tax identification number applied for from subsidiary's Nevada address

WE RECOMMEND THAT YOU CONSULT YOUR NEVADA AND HOME STATE TAX AND LEGAL ADVISORS