How To Start & Grow Your Business

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How to Start a Business in Nevada

Are you planning on starting a new business in Nevada, but aren’t sure how to get started?

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No corporate income tax. No franchise tax. No personal income tax. Nominal annual fees. These facts make Nevada very attractive to the new business owner, and is why so many businesses consider incorporating and operating out of this state. Nevada is often discussed as one the most popular places in the country to start a business because of the extremely low taxation and commitment to privacy. In addition, the legislation for issuing share is one of the nation’s most permissive, allowing a high level of creativity. Not to mention, Las Vegas! Las Vegas is a metropolis with a plethora of cultural activities and entertainment. Nevada also has a relative low cost of living, and contains many of the nation’s best national parks, such as The Grand Canyon, Bryce Canyon, and more.

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General resources for starting a business in Nevada

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Fun facts about starting a business in Nevada

Famous business headquartered in Nevada Zappos

Zappos.com is an online shoe and clothing shop based in Las Vegas, Nevada. In July 2009, the company announced that Amazon.com would acquire it in an all-stock deal worth about $1.2 billion. Since it was founded in 1999, it has become one of the world’s largest online shoe stores.

Famous entrepreneur from Nevada Kevin Rose

Kevin Rose (born in 1977) is an Internet entrepreneur who co-founded Revision3, Digg, Pownce, and Milk. He spent most of his childhood in Las Vegas, Nevada. From 2012 to 2014, he was a venture partner at GV. He is also currently a board member for the Tony Hawk Foundation.

“If you believe in something, work nights and weekends. It won’t feel like work.”

Kevin Rose
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Which type of legal structure is best for my business in Nevada?

We strongly recommend you incorporate, but you must consider the tax, legal, and liability implications carefully before deciding on the best structure.

Here are 5 helpful steps to determine what is the best legal structure for your business:

Click one of the buttons below to learn more about the different types of business legal structures and how to start them in the state of Nevada.
LLC (Limited Liability Company)
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation; it is a legal form of a company that provides limited liability to its owners.

Steps to starting an LLC in Nevada:

  • Step 1 — Give your business a name.
  • Step 2 — File an Articles of Organization.
  • Step 3 — Find a Registered Agent.
  • Step 4 — Prepare an Operating Agreement.
  • Step 5 — Comply with any publication requirements.
  • Step 6 — Comply with other tax and regulatory requirements.
  • Step 7 — File Annual Reports.
  • Step 8 — Register foreign LLCs doing business in Nevada.

For help forming your LLC in Nevada we recommend CorpNet (they have fees for their service).

Or, you can visit the Nevada Secretary of State website.

Other Nevada resources for LLCs:

Secretary of State Business Name Database: Search for the availability of your LLC name here.
File your “Name Reservation” Form here.
File your “Articles of Organization” here.

Silverflume: Register here to file your Annual Reports.

Registered Agent Listing: Search here for registered agents. Every Nevada LLC must have an agent for service of process.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your LLC here. If your LLC has more than one member, you must get an EIN, even if you have no employees.

Business Licenses: All businesses in Nevada must obtain a state business license from the Nevada Secretary of State.

Nevada Department of Taxation: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

Sole Proprietorship
A sole proprietorship, also known simply as a proprietorship, is a type of business entity that is owned and run by one person, and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for all of the finances of such business.

Steps to starting Sole Proprietorship in Nevada:

  • Step 1 — Choose a business name.
  • Step 2 — File a Fictitious Firm Name Certificate with county clerk.
  • Step 3 — Obtain licenses, permits, and zoning clearance.
  • Step 4 — Get an Employer Identification Number (EIN).

For help forming your sole proprietorship in Nevada we recommend CorpNet (they have fees for their service).

Alternatively, you can visit the Nevada Secretary of State website.

Other Nevada resources for Sole Proprietorship:

Secretary of State Business Name Database: Search for the availability of your business name here. A sole proprietor may use his or her given name, or an assumed business name.

U.S. Patent & Trademark Office: Federal database for existing trademark registrations. Click on the “TESS” link to conduct a search.

Business Licenses: All businesses in Nevada must obtain a state business license from the Nevada Secretary of State.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your sole proprietorship here. If you hire employees, you will need an EIN.

Nevada Department of Taxation: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

Partnership
A partnership is a legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships. Each partner contributes to all aspects of the business and shares in the profits and losses of the business.

Steps to starting Partnership in Nevada:

  • Step 1 — Choose a business name.
  • Step 2 — File a fictitious name.
  • Step 3 — Create a partnership agreement.
  • Step 4 — Obtain licenses, permits, and zoning clearance.
  • Step 5 — Obtain an Employer Identification Number (EIN).

For help forming your partnership in Nevada we recommend CorpNet (there are fees for their service).

Or, you can visit the Nevada Secretary of State website.

Other Nevada resources for Partnership:

Secretary of State Business Name Database: Search for the availability of your business name here. A partnership may use the surnames of the individual partners, or a fictitious business name.

U.S. Patent & Trademark Office: Federal database for existing trademark registrations. Click on the “TESS” link to conduct a search.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your partnership here. Partnerships must have an EIN, whether you have employees or not.

Business Licenses: All businesses in Nevada (including partnerships) must obtain a state business license from the Nevada Secretary of State.

Nevada Department of Taxation: If you will be selling goods or will have employees, you’ll need to register here to fulfill business tax requirements.

S Corporation
An S corporation is a regular corporation that has elected "S corporation" tax status. Forming an S corporation lets you enjoy the limited liability of a corporate shareholder, but pay income taxes as if you were a sole proprietor or a partner. In general, S corporations do not pay any federal income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.

Steps to starting S Corporation in Nevada:

  • Step 1 — Choose a corporate name.
  • Step 2 — Prepare and file Articles of Incorporation.
  • Step 3 — File an “Initial List of Officers” with the Secretary of State.
  • Step 4 — Appoint a registered agent.
  • Step 5 — Set up a corporate records book.
  • Step 6 — Prepare corporate bylaws.
  • Step 7 — Appoint initial corporate directors.
  • Step 8 — Hold your first Board of Directors meeting.
  • Step 9 — Issue stock.
  • Step 10 — Comply with List of Officers Filing requirements.
  • Step 11 — Comply with other tax and regulatory requirements.
  • Step 12 — Register foreign corporations doing business in Nevada.

For help forming your S corporation in Nevada we recommend CorpNet (they have fees for their service).

Alternatively, you can visit the Nevada Secretary of State website.

Other Nevada resources for S Corporation:

Secretary of State Business Name Database: Search for the availability of your corporate name here.
File your “Name Reservation” Form here.
File your “Articles of Incorporation” here.
File a “List of Officers, Directors, and Registered Agent and State Business License Application” here.
IRS EIN Online: Apply for an Employer Identification Number (EIN) for your corporation here.

IRS S corporations: Specific instructions for your tax requirements as an S corp.

Business Licenses: All corporations in Nevada must obtain a state business license from the Nevada Secretary of State.

Nevada Department of Taxation: Register here to fulfill your business tax requirements.

C Corporation
A C corporation (or C corp for short), refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. In a C corporation, there can be an unlimited number of stockholders. This allows the corporation to sell shares to a large amount of investors, which allows for more funds to be raised for projects.

Steps to starting C Corporation in Nevada:

  • Step 1 — Give your corporation a name.
  • Step 2 — File Articles of Incorporation.
  • Step 3 — File an “Initial List of Officers” with the Secretary of State.
  • Step 4 — Appoint a registered agent.
  • Step 5 — Set up a corporate records book.
  • Step 6 — Prepare corporate bylaws.
  • Step 7 — Appoint initial corporate directors.
  • Step 8 — Hold your first Board of Directors meeting.
  • Step 9 — Issue stock.
  • Step 10 — Comply with List of Officers Filing requirements.
  • Step 11 — Comply with other tax and regulatory requirements.
  • Step 12 — Register foreign corporations doing business in Nevada.

For help forming your C corporation in Nevada we recommend CorpNet (they have fees for their service).

Or, visit the Nevada Secretary of State website.

Other Nevada resources for C Corporation:

Secretary of State Business Name Database: Search for the availability of your business name here.
File your “Name Reservation” Form here.
File your “Articles of Incorporation” here.
File a “List of Officers, Directors, and Registered Agent and State Business License Application” here.

IRS EIN Online: Apply for an Employer Identification Number (EIN) for your corporation here.

Business Licenses: All businesses in Nevada must obtain a state business license from the Nevada Secretary of State.

Nevada Department of Taxation: Register here to fulfill your business tax requirements.

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Why choose Nevada for my business?

  • 1

    Grasshopper: “The Best State to Incorporate: A Concise Guide” (2014)
    “Nevada is often discussed as one the most popular places in the country to start a business because of their extremely low taxation and commitment to privacy. Nevada is one of the three states in America to enforce no corporate or individual income tax, nor any tax on corporate shares. The Nevada Secretary of State points out that their business court system is one of the best in the country, minimizing time and cost to those summoned.”

  • 2

    Nevada Business Incentives
    “The State of Nevada, through the Governor’s Office of Economic Development, offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants.”

  • 3

    Nevada Small Business Development Center
    “This statewide resource for business assistance through the University of Nevada provides a mix of services, expertise and training for starting, operating and expanding a business. The center, with 11 locations throughout the state, also provides data about the economy, business environment and population demographics, as well as information and guidance for complying with environmental regulations.”

  • 4

    Nevada Business Opportunity Fund
    “The program helps address and enhance the economic self-sufficiency and quality of life of low-to-moderate-income individuals through entrepreneurial training and access to loans for news and expanding businesses.”

  • 5

    Nevada Silver State Opportunities Fund
    “As part of the Nevada Capital Investment Corporation program, the Silver State Opportunities Fund is operated by private equity fund managers who work with capital investment firms to invest in select companies and innovative businesses that will assist in the state's efforts to grow and diversify Nevada's economic base.”

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