Nevada (unlike other states) permits the corporation's articles of incorporation to vest authority to adopt, amend or repeal bylaws exclusively in the directors, so that shareholders would not be able to change the corporation's bylaws.
[1] There is an annual $200 "Business License Fee" which is paid to the Secretary of State's office at the time of formation or renewal of the corporation.
[4] Nevada and Texas are the only two states that do not have information sharing agreements with the Internal Revenue Service.
For example, a business may be headquartered in San Jose, California but incorporated in Nevada.
"The internal affairs doctrine is a conflict of laws principle which recognizes that only one State should have the authority to regulate a corporation's internal affairs ... because otherwise a corporation could be faced with conflicting demands.
These revenues include direct payments to the state in the form of filing and other fees.
The state can also receive revenues indirectly through businesses (law firms, resident agents, accounts and other service providers) to corporations.
Nevada's courts are developing a strong body of case law that serves to give corporations and their counsel guidance on matters of corporate governance, although Delaware and some other states have a larger body of such case law.