How to Incorporate a Business in Nevada

A corporation is a business model which protects its owners, employees and shareholders from overall financial responsibility for the company. A corporation requires more detailed management as well as more complex tax responsibilities. Even so, a corporation is one of the dominant business models. Today, Nevada is one of the premier locations in which to incorporate a business because it is less expensive and has fewer tax requirements than other states.

Instructions

Difficulty: Moderate

Incorporate in Nevada

1. Visit the Nevada Secretary of State Web site (see Resources, below) and download the Domestic Corporation Filing form (NRS 78). Under "Commercial Recordings" choose "Corporate Forms." Then choose "Corporations." You can also contact the Secretary of State's office by calling [phone].
2. Verify that the name you wish to use for your business is still available. Online verification is available in Nevada, so click on the "Online Registration Form" link in the business section to search the database for available names.
3. Complete the Name Registration form to reserve the name you'd like to use for your corporation. You can do this online, or you can print a copy of the Name Registration form and remit it to the office of the Secretary of State. A fee is required.
4. Complete and remit the domestic corporation filing papers in order to incorporate in Nevada. These include the Articles of Incorporation, which will ask for the name of your business and the number of officers who are managing the company. A fee is required.
5. Give the Secretary of State's office 8 weeks to complete registration of your business. Once your business has been recognized by the state of Nevada you'll receive a copy of your corporate filings as well as your Employer Identification Number (EIN).

Tips & Warnings

• Consider hiring an attorney with experience in business law to help you incorporate your business in Nevada. An expert can help make the process of incorporation smooth by handling the more intricate details.
• Be aware that the Nevada business structure makes it possible for businesses located outside of Nevada to incorporate in the state despite operating elsewhere in the country. Check with an attorney for details on how to incorporate a business that isn't located in Nevada.
• Although there is no franchise or succession sales tax, there are still annual fees due to the Nevada Department of State. Be sure to pay them on time as there are penalties for not doing so.
• Choose an online incorporation service carefully. The cost for using an online service can be surprisingly high, so shop around and be sure you understand the services they offer.