Starting your own business is a dream come true for anyone who has the opportunity to do so. It takes a lot of planning and hard work to get the company off the ground. Lots of decisions need to be made, including where to legally register and incorporate your business. Nevada has laws on the book that make it easy to incorporate in Nevada, so this is a route you should seriously consider taking.
Nevada is a beacon for many people to incorporate there, and for good reason. First, the laws and regulations surrounding taxes are very favorable for business owners. Not only is there no franchise or equity tax, but there is also none on corporate incomes and shares. In addition, there is no state income tax, which makes workers want to flock to the state.
In order to get your company incorporated properly and legally, you must take several steps. The very first one is to name your company. That may sound easy, but you want to make sure that you do an online check to make sure that name is not taken. Before that, make sure the name is attractive and reflects what your company really does, so that it is easier for you to attract potential customers.
Before the company can take flight, you will need to install a staff. In particular, the state wants you to find your director or managers. They must all be at least 18 years of age and do not have to actually reside in Nevada, so your leadership can be in other states or even countries if that is what works for you.
Once the management is ensconced, you can put their names on your paperwork and file it with the state. If you are a corporation, you file Articles of Incorporation, while an LLC would file Articles or Organization. Both sets of paperwork go to the Secretary of State.
Each city has particular permits and licenses that you may need to procure. Now is the time to do that, after the paperwork has been filed. There may also be other laws and regulations that need to be followed at all times, so be cognizant of that as well.
Nevada requires that you show proof that you are keeping business funds separate from personal ones, which is why you must start a separate corporate bank account. Proof of this separate account must be furnished upon request.
Now you can finally begin conducting business once your licenses come through. Of course, you must still file an annual report and pay the fees associated with it. In addition, there is an annual licensing fee that must be paid. An LLC pays $150 for the list filing and $200 for each yearly license renewal. Corporations are a little different and must pay $150 per year for the list filing, but $500 per annum for the license.
As previously mentioned, the directors or managers do not have to reside in Nevada. However, you must have staff who do reside there, which means that you do need a physical office or storefront location along with a working phone number. You can find a realtor to help you find the best location, then make sure you list it on your annual report.
Nevada is a beacon for many people to incorporate there, and for good reason. First, the laws and regulations surrounding taxes are very favorable for business owners. Not only is there no franchise or equity tax, but there is also none on corporate incomes and shares. In addition, there is no state income tax, which makes workers want to flock to the state.
In order to get your company incorporated properly and legally, you must take several steps. The very first one is to name your company. That may sound easy, but you want to make sure that you do an online check to make sure that name is not taken. Before that, make sure the name is attractive and reflects what your company really does, so that it is easier for you to attract potential customers.
Before the company can take flight, you will need to install a staff. In particular, the state wants you to find your director or managers. They must all be at least 18 years of age and do not have to actually reside in Nevada, so your leadership can be in other states or even countries if that is what works for you.
Once the management is ensconced, you can put their names on your paperwork and file it with the state. If you are a corporation, you file Articles of Incorporation, while an LLC would file Articles or Organization. Both sets of paperwork go to the Secretary of State.
Each city has particular permits and licenses that you may need to procure. Now is the time to do that, after the paperwork has been filed. There may also be other laws and regulations that need to be followed at all times, so be cognizant of that as well.
Nevada requires that you show proof that you are keeping business funds separate from personal ones, which is why you must start a separate corporate bank account. Proof of this separate account must be furnished upon request.
Now you can finally begin conducting business once your licenses come through. Of course, you must still file an annual report and pay the fees associated with it. In addition, there is an annual licensing fee that must be paid. An LLC pays $150 for the list filing and $200 for each yearly license renewal. Corporations are a little different and must pay $150 per year for the list filing, but $500 per annum for the license.
As previously mentioned, the directors or managers do not have to reside in Nevada. However, you must have staff who do reside there, which means that you do need a physical office or storefront location along with a working phone number. You can find a realtor to help you find the best location, then make sure you list it on your annual report.
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.
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