General Guide to Company Incorporation in Nevada

Updated on Thursday 24th October 2019

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Nevada is known as the Silver State, it has the 7th largest area among US states and it represents a significant touristic destination, visitors being attracted mostly by the vivid Las Vegas, the home of gambling activities. There are numerous foreign investors who have successful businesses in this field, but for a better understanding of how companies are registered in Nevada, we invite you to explore the general guide to company incorporation in Nevada. Likewise, you can ask for support from our team of company formation specialists in Nevada.

Forming an LLC in Nevada

Foreign investors in USA usually focus on easy incorporation and fast operations on the market. If you want to open a company in USA and especially in Nevada, a limited liability company may be the proper business form for your future activities. The registration of such company starts at the Secretary of the State of Nevada, particularly the Business Division, where the Articles of Association are submitted. These documents must contain complete information about the owners of the business, the board of directors, the activities, the official address of the company, and the name of the registered agent. This person is officially in charge of the company’s documents and can act on behalf of the company. It is good to know that a company in Nevada may be represented by another enterprise, or even better, our team of consultants in USA can offer support in this sense.

Apply for the EIN of the company in Nevada

From a taxation point of view, each company must respect the conditions imposed regarding the Employer Identification Number (EIN) or the federal tax as it is known. The Internal Service Revenue (IRS) issues the tax IDs for companies in Nevada through local offices. The EIN is also necessary when opening a business bank account in this state.

The sales tax in Nevada

The sales tax in Nevada is generally set at 8.25% and 4.6% especially for the city of Las Vegas. Foreign entrepreneurs may benefit from tax exemptions when starting a business in USA, particularly in Nevada because there is no state income tax and no inheritance tax. Local tax offices may impose different city taxes one should consider.

Special licenses and permits in Nevada

From the beginning, we mention that only five states in USA impose a business license at the time of company incorporation, Nevada being one of them. There are three types of licenses, such as:

•    city-based;
•    county-based;
•    industry-based.

Please bear in mind that our company formation agents in USA can guide foreigners in obtaining the needed business license for their operations.

Accounting firm for companies in Nevada

If you want to register a company in USA, including in Nevada, it is best to hire an accounting firm and keep track of the financial operations of the company. Bookkeeping, payroll, audits and financial annual statements are among accounting matters linked to any company in Nevada, regardless of the business field.

Virtual office services for your company in Nevada

Foreign investors who do not want to establish a traditional office for their activities in Nevada can benefit from virtual office services which are subject to low expenses. A notable business address with a registered office, mail collection and forwarding, incoming and outgoing faxes, a dedicated business number, and voice mail on request are only a few of the virtual office services a foreigner can have in Nevada. Please bear in mind that our team of consultants can offer in-depth information related to this, taking into consideration the necessities of your firm.

Economy overview in Nevada

The entertainment and the gambling sectors are Nevada’s main sources of revenues, due to a high number of tourists registered each year in this state. Besides these, the economy in Nevada relies on mining (especially gold and silver), food processing, machinery and equipment, printing and publishing, agriculture and farming. Carson City is the capital of Nevada and cities like Las Vegas (the most prolific one), Reno, Sparks, Henderson, North Las Vegas or Boulder City are only a few of the top destinations for business in this state.

If you want to start a business in Nevada and you need support in company formation, please do not hesitate to contact our team of company formation representatives in USA.