How to Start a Company in Las Vegas
By popular need, here is the list for beginning a company in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. Every entity doing business in the state of Nevada needs a state company license, then you'll get a local license from the City of Las Vegas, Henderson, the City of North Las Vegas, Boulder City, or Clark County depending on where your business is actually locateded.
1. Pick an organisation name.
Start with my post Calling Your Service or my video on the subject. Ensure no one else has it. Really, make DARN sure. Stepping on another business's toes in naming your company can have serious and expensive consequences. Relocation on to step 2 when you've chosen a name.
2. Determine your service address.
Whether you use your home address, a virtual office, or a real workplace, you'll require an organisation address for practically all the documents you complete to open your business. It's a lot easier to have this address from the start than to alter it down the roadway. The Nevada Secretary of State alone charges $175 for an address modification, not to discuss the paperwork involved.
You can have a different mailing address for the majority of applications, which is helpful if you desire to use a PO box or your home address, however business address is exactly what will be public record, so select carefully.
One final word on a business address. Lots of services somehow get away with a box at a mail store as their business address. Be alerted that the city licensing bureaus do not prefer to certify businesses that simply hang their licenses in a mail shop and some jurisdictions do not enable it at all. Double check with your jurisdiction for their guidelines.
3. Kind your entity and get your state service license.
You must speak with a lawyer regarding the very best choice of entity for your organisation, however here are the fundamentals. You file the files to form your entity, whether it's an LLC, a corporation, or a minimal partnership, with the Nevada Secretary of State's office.
You definitely can get a company license as a sole proprietor, however without a different entity, you will personally be on the hook for all of business' financial obligations and responsibilities. Keeping an entity costs a couple of hundred dollars a year, but the peace of mind is well worth the rate.
You can go the paper path, but the Nevada Secretary of State has a fancy-schmancy brand-new online website called SilverFlume where you can file all your documents online. You'll file Articles of Company (LLC), Articles of Incorporation (corporation) or Certificate of Limited Partnership, then your Initial List of Managers/Members/Officers/ Partners and you'll get your state organisation license. In simply a few minutes, you can establish an entity in Nevada.
There are a couple of exemptions to the state company license requirement, but as long as you're an entity, you'll need to cough up the $200. If you're a nonprofit, a movement photo company, a specific kind of insurance provider, or a governmental entity, you can get an exemption however you need to mail in the type.
4. Get an EIN number.
The EIN number is like a social security number for your organisation. With rampant identity theft concerns, it isn't really smart to use your social security number for your organisation, which is exactly what you have to do if you do not have an EIN. I've written a post on why you must have an EIN. It's free to use and takes just a few minutes on the IRS site. You'll receive a letter from the Internal Revenue Service a couple of weeks after declaring your EIN. Do not panic. It's simply a letter confirming your EIN and asking if you wish to be treated as a different kind of entity for this contact form tax purposes, like a subchapter S-corporation. Preferably, you'll have currently sought advice from your tax consultant on this decision.
5. Register with the Nevada Department of Taxation.
To apply for an organisation license, you must supply proof that you're signed up with the Nevada Department of Taxation. You have to use for a tax license, either a sales tax permit or a customer use tax license. With an use tax license, if you buy items for consumption in your service (like office products or devices) without paying tax when you buy them, you'll have to determine the tax you would have paid had you bought the items in Nevada and remit that quantity to the state.
6. Do you need a fictitious company name?
A fictitious company name, or a DBA, is required if you're doing service in a name other than the one registered with the Secretary of State. If you're ABC, LLC however the name of your company is Adam's Weight Training and Cake Bakeshop, you'll require to file a fictitious name kind with Clark County.
If you've followed my blog site at all and are STILL running as a sole proprietor (smacking you on the hand), you can be "Adam Charlie dba Adam's Weightlifting and Cake Pastry Shop."
7. Make an application for your city organisation licenses.
Registering with the tax department can be tricky, and so can getting city organisation licenses. Where is your service found? You'll go to their licensing bureau if you're in the City of Henderson. Very Same with Boulder City. The City of North Las Vegas does not currently publish company license applications online. Rather, you must ask for an application for your particular company online.
Exactly what if you're in the City of Las Vegas? Are you sure? The lines that separate the City of Las Vegas from Clark County aren't anything near to straight and make no sensible sense. To be sure which license you require, examine the Jurisdiction Locater. Look only at the Jurisdiction field, NOT the "Minor Civil Department" field which generally says "Las Vegas Area." The Jurisdiction field will show you whether you need a license from the City of Las Vegas or Clark County.
What if your company is mobile? If you're a plumbing professional, carpet cleaner, mobile detailer or other business that services the whole valley, you'll require a license from every jurisdiction in which you plan to do organisation. What does "work" suggest? Anytime you are physically in another jurisdiction and accept payment for your services or products, you are working. For food trucks, mobile detailers, professionals, and so on, this can be cumbersome, time consuming, and expensive. I in some cases look out the window, visualizing a world where you can obtain all your licenses in one location with one application, but till that day, be prepared to do some paperwork.
A lot of jurisdictions will need you to fill out a House Occupation License which needs you to acknowledge that you're either the owner of the house or somebody allowed to do company there. If you live in a property owner's association, be sure to inspect your CC&R s to make sure you can note your house address as a business.
The cost of your business license varies with the jurisdiction and the type of service it is. Some organisations even require background checks and those licenses are usually much more costly.
Do not get lazy and leave off the LLC when noting your organisation name. On ALL official documents, you must list the entire name of your service, CONSISTING OF the entity. The entity is part of the main name of your organisation.