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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.
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. Firstly, there is no tax rate on corporate shares or income. Secondly, no franchise or equity transfer penalties to pay. You can also attract the best talent for your business since their dollar goes further in no state income tax.
For legal incorporation, you must complete a list of steps which of first is simply to give the business a name. You will want to think long and hard on this, to ensure it is easy for customers to remember and will attract future customers as well. After that, you have to research the name check of your business to verify that no other one is using the same name.
For legal incorporation, you must complete a list of steps which of first is simply to give the business a name. You will want to think long and hard on this, to ensure it is easy for customers to remember and will attract future customers as well. After that, you have to research the name check of your business to verify that no other one is using the same name.
No company can be run well without leadership, and to properly incorporate, you must hire your leadership. The managers and directors of the business must be age 18 on your paperwork. It is not necessary that they must be resident of Nevada, could be from anywhere in the world.
When your management staff hiring procedure is completed, for your incorporation, you may submit your paperwork to the Secretary of State. The Articles of Organization and a corporation named an LLC should file what are called Articles of Incorporation.
There are different requirements for permission and licenses in every city. 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. Separate account Proofs must be provided on demand.
After completing all procedures you must begin conducting your business. However, each year you are required to file an annual report with the state. It is necessary for you, to renew your license every year by paying an annual fee. If you are a corporation, then the cost is $150 per year for filing the annual list and $500 for your license. For LLC the cost is $150 and $200 for renewal of license.
As previously mentioned, the directors or managers do not have to reside in Nevada. However, you must have staff who 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.
