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.
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.
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.
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.
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.
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.
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.
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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