If you are building or expanding your company, you may wish to maximize your budget an profits in order to stay strong. That means incorporating in a state with laws and regulations that are conducive to doing this. If this is the case, consider taking the necessary steps to incorporate in Nevada, because they have some very easy and advantageous regulations regarding business and corporations.
The state of Nevada has many laws on the books that are helpful for business owners, no matter what industry your company happens to be in. First, they have no tax rate on corporate shares or income. Second, there is no franchise or equity transfer penalties to pay. Finally, with no state income tax, you can attract top talent to your firm since their dollar goes further.
There are several steps you must take in order to formally incorporate your business in Nevada. The first sounds like the simplest and easiest, but should still be done with a lot of thought and reverance. The first step is to name your company. In order to be sure there is no other business with the same name, you can conduct a name check online to ensure your new moniker is unique.
Then, you must recruit your staff, particularly your managers if you are building an LLC or directors if you are starting a corporation. You must, by law, have at least one direct who is 18 years of age or higher. They do not have to be Nevada residents, which lets you cast a a much longer line for talent.
After you have your directors or managers, it is time to file your paperwork with the state. Corporations file something called Articles of incorporation and LLCs file Articles of Organization. Either way, they must be filed with the secretary of state.
Once the paperwork is filed, you must begin securing all your necessary permits and licenses. Depending on what city you are planning to locate the company, there may be several licenses or permits that are needed, as well as regulatory rules that must be met.
The next step in your journey is to go and open a business bank account and fund it. The reason is that state laws say you must keep your personal money and company funds separate from each other, and must provide proof that you did so.
Once you receive your license from the state and any local permits, you can finally begin working. However, the law does require that you renew your paperwork and permit each year and file an annual report, both of which will cost you some money. Corporations pay $500 per year for the business license and $150 for the report filing. LLCs must pay only $200 for the license, and $200 for licensing.
Though your managers or directors do not have to reside in the state, you do need to have an actual physical location and some employees who do call Nevada home who work there. An address and phone number within the state boundaries is a must, so you should find a realtor to help you scout locations so you can put the final touch on your official incorporation.
The state of Nevada has many laws on the books that are helpful for business owners, no matter what industry your company happens to be in. First, they have no tax rate on corporate shares or income. Second, there is no franchise or equity transfer penalties to pay. Finally, with no state income tax, you can attract top talent to your firm since their dollar goes further.
There are several steps you must take in order to formally incorporate your business in Nevada. The first sounds like the simplest and easiest, but should still be done with a lot of thought and reverance. The first step is to name your company. In order to be sure there is no other business with the same name, you can conduct a name check online to ensure your new moniker is unique.
Then, you must recruit your staff, particularly your managers if you are building an LLC or directors if you are starting a corporation. You must, by law, have at least one direct who is 18 years of age or higher. They do not have to be Nevada residents, which lets you cast a a much longer line for talent.
After you have your directors or managers, it is time to file your paperwork with the state. Corporations file something called Articles of incorporation and LLCs file Articles of Organization. Either way, they must be filed with the secretary of state.
Once the paperwork is filed, you must begin securing all your necessary permits and licenses. Depending on what city you are planning to locate the company, there may be several licenses or permits that are needed, as well as regulatory rules that must be met.
The next step in your journey is to go and open a business bank account and fund it. The reason is that state laws say you must keep your personal money and company funds separate from each other, and must provide proof that you did so.
Once you receive your license from the state and any local permits, you can finally begin working. However, the law does require that you renew your paperwork and permit each year and file an annual report, both of which will cost you some money. Corporations pay $500 per year for the business license and $150 for the report filing. LLCs must pay only $200 for the license, and $200 for licensing.
Though your managers or directors do not have to reside in the state, you do need to have an actual physical location and some employees who do call Nevada home who work there. An address and phone number within the state boundaries is a must, so you should find a realtor to help you scout locations so you can put the final touch on your official incorporation.
About the Author:
Learn why you should incorporate in Nevada by reading our online guide. The website that contains further info can be accessed at http://www.nevadadiscountregisteredagent.com/why-should-you-incorporate-in-nevada.