Secretary Of State Revokes Corporate Status Of 427 Businesses For Failure To Respond

CARSON CITY – Nevada Secretary of State Ross Miller today revoked the corporate status of more than 400 limited liability corporations (LLC’s) and corporations registered with the state of Nevada for failing to respond to an official inquiry into the companies’ status as home-based businesses.

The registered agent for the companies, Power Point Management Ltd., had its status as a Nevada corporation revoked on Aug. 20 for failure to respond to similar interrogatories from the Secretary of State, and failure to supply a current list of owners as requested by Miller’s office. Letters to the more than 400 entities using Power Point as a registered agent were hand delivered to the Power Point offices today notifying those entities that their registration with Nevada has been revoked.

“We’re not going to allow businesses to skirt the rules,” Miller said. “We’re going to aggressively enforce our statutes and regulations, and in doing so we’re going to ensure that compliant businesses are operating on a level playing field. The term ‘business friendly’ should not be interpreted to mean ‘haven for bad actors.’ ”

Secretary of State Ross Miller.

In July, interrogatory letters were hand delivered to Power Point Management requesting an updated list of owners and officers and response to interrogatories within three days. The same letter was also mailed to Power Point on July 14. On Aug. 30, having received no response from Power Point, a criminal investigator from the Secretary of State’s office hand delivered a letter advising Power Point Management Ltd that is was revoked for failure to supply a current list of owners and to respond to interrogatories.

Additionally, Power Point Management Ltd was advised that it had failed to comply with Nevada law by failing to provide a place of business where service of process could occur for the hundreds of companies that used Power Point as a resident agent.

On that same date, a criminal investigator hand delivered 427 letters for those companies to Power Point Management Ltd’s Las Vegas address at 2235 E. Flamingo Rd. #201A. The letter required an updated list of members/managers and or owners/stockholder within three days. The letter also required responses to interrogatories regarding their claim that they qualify for the home based business exemption. To date, there has been no response from any of the entities under Power Point Management to these letters.