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How to Incorporate in Nevada

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Harbor Compliance
Harbor Compliance

Nevada is one of the most popular states for incorporation, due to low corporate tax rates and friendly laws. Here are all the steps required to incorporate in Nevada, including forms to file, fees, processing times, and more.

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How to Incorporate in Nevada
Choose a Corporate Structure • Incorporating means forming a corporation, a state legal entity • Nevada offers a number of for-profit structures. This guide focuses on Business Corporations only. • C-Corp and S-Corp are tax classifications, not structures
Check Name Availability • Do a name search through the Nevada Secretary of State’s database • Your name cannot conflict with an existing one
Appoint a Registered Agent • Corporations must appoint a registered agent in the state of Nevada • The agent receives notice of lawsuit and legal / government notices • Can be an individual with an address in the state (not P.O. Box) or a commercial agent.
File Articles of Incorporation • Form 668: Domestic (Nevada) Articles of Incorporation • Fee: $75 (less than $75,000 valuation) + $125 option expedite fee • Mail to Nevada Secretary of State or file online • Turnaround: 1 week by mail, 24 hours if expedited
Initial List of Officers & Directors • Nevada requires corporations to file an annual list of officers report • Initial/Annual List of Officers and Directors – For- Profit Corporation • Fee is $75 for less than $75,000 valuation • File by mail or online
Bylaws and Records • Keep your articles, affidavits, and other important documents • Draft bylaws for the organization • Record kit & templates save time!
Appoint Initial Directors • These directors serve on the board until the annual meeting of shareholders • Appointed by incorporator • Documented in corporate records
Hold Organizational Meeting • Consists of incorporators and/or initial directors • Keep minutes of this meeting • Appoint officers (e.g. President, Secretary, Treasurer)
Issue Stock Certificates • Owners may be issued stock certificates as proof of ownership • Secretary’s stock ledger records issued stock • Stock certificates included in Records Kit
Obtain EIN • Federal Employer Identification Number • Required for corporations • File Form SS-4 with IRS by mail, fax, or online
Obtain NV Tax IDs • Form APP-01.00 – Nevada Business Registration • Fee: $0 • Mail to Nevada Department of Taxation • Include Supplemental Registration Form
Consider S-Corp Election • By default, the corporation is taxed as a C-Corp • Consider S-Corp for tax savings as a small business • Fee: $0 • File IRS Form 2553
Obtain Applicable Licenses • To run your business legally, you may need a host of local, state, or federal licenses and permits • Search your requirements on SBA.gov
Ongoing Activities • File Nevada Annual List of Officers Report with Dept of State • Board meetings • Annual shareholder meeting • Maintain a registered agent • Update the government with address change
For More Info: • How to Incorporate in Nevada • Email: info [AT] HarborCompliance [DOT] com • Starting an LLC?
The information contained in this presentation is not legal, financial, or tax advice. Harbor Compliance is not a legal or accounting firm. Copyright Harbor Business Compliance Corporation 2014

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How to Incorporate in Nevada

  • 2. Choose a Corporate Structure • Incorporating means forming a corporation, a state legal entity • Nevada offers a number of for-profit structures. This guide focuses on Business Corporations only. • C-Corp and S-Corp are tax classifications, not structures
  • 3. Check Name Availability • Do a name search through the Nevada Secretary of State’s database • Your name cannot conflict with an existing one
  • 4. Appoint a Registered Agent • Corporations must appoint a registered agent in the state of Nevada • The agent receives notice of lawsuit and legal / government notices • Can be an individual with an address in the state (not P.O. Box) or a commercial agent.
  • 5. File Articles of Incorporation • Form 668: Domestic (Nevada) Articles of Incorporation • Fee: $75 (less than $75,000 valuation) + $125 option expedite fee • Mail to Nevada Secretary of State or file online • Turnaround: 1 week by mail, 24 hours if expedited
  • 6. Initial List of Officers & Directors • Nevada requires corporations to file an annual list of officers report • Initial/Annual List of Officers and Directors – For- Profit Corporation • Fee is $75 for less than $75,000 valuation • File by mail or online
  • 7. Bylaws and Records • Keep your articles, affidavits, and other important documents • Draft bylaws for the organization • Record kit & templates save time!
  • 8. Appoint Initial Directors • These directors serve on the board until the annual meeting of shareholders • Appointed by incorporator • Documented in corporate records
  • 9. Hold Organizational Meeting • Consists of incorporators and/or initial directors • Keep minutes of this meeting • Appoint officers (e.g. President, Secretary, Treasurer)
  • 10. Issue Stock Certificates • Owners may be issued stock certificates as proof of ownership • Secretary’s stock ledger records issued stock • Stock certificates included in Records Kit
  • 11. Obtain EIN • Federal Employer Identification Number • Required for corporations • File Form SS-4 with IRS by mail, fax, or online
  • 12. Obtain NV Tax IDs • Form APP-01.00 – Nevada Business Registration • Fee: $0 • Mail to Nevada Department of Taxation • Include Supplemental Registration Form
  • 13. Consider S-Corp Election • By default, the corporation is taxed as a C-Corp • Consider S-Corp for tax savings as a small business • Fee: $0 • File IRS Form 2553
  • 14. Obtain Applicable Licenses • To run your business legally, you may need a host of local, state, or federal licenses and permits • Search your requirements on SBA.gov
  • 15. Ongoing Activities • File Nevada Annual List of Officers Report with Dept of State • Board meetings • Annual shareholder meeting • Maintain a registered agent • Update the government with address change
  • 16. For More Info: • How to Incorporate in Nevada • Email: info [AT] HarborCompliance [DOT] com • Starting an LLC?
  • 17. The information contained in this presentation is not legal, financial, or tax advice. Harbor Compliance is not a legal or accounting firm. Copyright Harbor Business Compliance Corporation 2014