Incorporate In Nevada

Nevada is perhaps most famous as the home of Las Vegas, the international gambling and entertainment center that attracts tourists from across the planet.

Alongside this, however, the corporate-friendly laws of Nevada also attract large numbers of entrepreneurs eager to take advantage of the favorable trading and tax environments the state offers. Incorporation here is therefore popular with both USA citizens and overseas business owners.

Benefits of incorporating in Nevada:

Enjoy Nevada`s simplified tax laws

Nevada tax laws are a powerful draw for many business owners wishing to incorporate, as the state charges no corporate income tax, nor taxes based on the personal income return of company members or directors. However, the state law imposes a Modified Business Tax (MBT) based on employees’ gross wages after health care deductions have been made – although this is naturally of little concern to independent entrepreneurs with no staff.

Additionally, as you’d maybe expect from a state famous for gambling, businesses involved in related activities are subject to extra levels of taxation, depending on various factors including the number of gaming tables or machines a company operates.

Choose Your Corporate Name Carefully

It’s important that you get your corporation’s name right the first time around, and we operate a free name-finder service to help you do this. Not only should your business name be one you can build a brand around, but it needs to follow certain strictures that Nevada has set out.

Nevada LLCs must contain one of “Limited Liability Company”, “Limited Company”, “Limited”, “LC”, “LLC”, “L.L.C.”, “Ltd.” or “Ltd. Co.”. Nevada C-Corporations are not obliged to use name endings such as “Incorporated” or “Inc.”, however designations that include the name of a real person (or their initials) are required to add the terms “Company,” “Corporation”, “Incorporated”, “Limited”, or the abbreviated equivalents.

For all types of companies, names containing words that imply involvement in any trust, insurance or banking activity need prior approval from the relevant state agencies.

Legal Requirements for Nevada Incorporation

The state of Nevada does not impose any residency requirements for people wishing to incorporate there, nor are there any age restrictions placed on corporation owners or directors. However, Nevada incorporations require the nomination of a registered agent who resides within the state, and who is able to receive tax and legal documents on behalf of the LLC.

The name and address of this agent must be included on the Articles of Organization document as part of the incorporation process.

All C Corps and LLCs in Nevada must have at least one director/member, and it is necessary to list a director, manager, or managing member name and address on the formation document. There are further document filings required on an annual basis, including an Annual List of Members / Managers and a Business License Registration. However, rest assured we can advise and assist with all legal and documentation matters both during and after incorporation.

Other Advantages of Nevada Incorporation

Incorporating your business represents a step up in professionalism, both in reputation and in everyday operation. Customers and suppliers tend to see an LLC or C Corp in a better light than an individual trader, with all the business benefits that can bring in terms of greater sales and improved negotiating power.

Alongside this, incorporation offers several practical financial benefits to a business. A corporation will find it much easier than an overseas individual to obtain a full US bank account, making many aspects of business life in the USA go more smoothly. Entrepreneurs can also enjoy the separation of business and personal assets that incorporation brings – no matter what happens to a company’s finances, after incorporation the owner’s personal wealth is not at any risk.

Requirements for forming an LLC in Nevada:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance on an ongoing basis.

Name requirements for LLCs

Nevada LLCs must contain the terms “Limited Liability Company”, “Limited Company”, “Limited” or the abbreviations “LC”, “LLC”, “L.L.C.”, “Ltd.” or “Ltd. Co.”. Words that imply any trust, insurance or banking activity need a special approval from the applicable state agency or department.

LLC filing requirements

If you decide to incorporate an LLC in Nevada, then you must file a formation document called the Articles of Organization, an Initial List of Members/Managers and a Business License registration. The Initial List is due before or at the end of the month following incorporation. Additionally, companies must submit an Annual List of Members/ Managers and a Business License registration due during the anniversary month of the initial filing.

Required information for the Articles of Organization

The Articles of Organization must contain the name and address of a registered agent which resides in Nevada, and which is available to manage legal and tax business documentation. For more help with the incorporation filing or registered agent services, call Inc. Plan (USA).

LLC taxes and fees

Nevada Law does not impose taxes based on the company’s revenue or the personal income return of members. However, all corporations including LLCs are submitted to a quarterly modified business tax (MBT) calculated based on gross wages of employees after health care deductions have been made. Additionally, corporations related to the gambling industry are imposed several taxes and fees based on the number of game tables, machines, on casino entertainment and gross revenue.

Requirements for forming a C corporation in Nevada:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C corporations established in Nevada are as follow:

Name requirements for C corporations

In Nevada, companies are not obliged to use name endings like “Incorporated” or “Inc.”. Designations that include the name of a real person (or their initials), are required to add the terms “Company,” “Corporation”, “Incorporated”, “Limited” along with their abbreviations. Words that imply any trust, insurance or banking activity need a special approval from the banking superintendent or the insurance commissioner.

Filing requirements in Nevada

In order to form a C corporation in Nevada, entrepreneurs must file a document called Articles of Incorporation, an Initial List of Officers/Directors and a Business License registration. The Initial List is due before or at the end of the month following incorporation. Additionally, companies must submit an Annual List of Officers/ Directors and a Business License registration during the anniversary month of the initial filing.

Required information for the Article of Incorporation

The Articles of Incorporation requires a listing of the company’s authorized shares and par value, as well as the name and address of a registered agent with a physical Nevada address. Any increase in the share stock can affect the initial filing fees. Inc. Plan (USA) can help you with the necessary filings and also provide qualified registered agent service.

Taxes and fees requirements

Nevada Law does not impose taxes based on the company’s revenue or the personal income return of members. However, corporations are submitted to a quarterly modified business tax (MBT) calculated based on gross wages of employees after health care deductions have been made. Additionally, companies related to the gambling industry are subject to several taxes and fees based on the number of game tables, machines, on casino entertainment and gross revenue.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.

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