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Nebraska Business License

Date: 10/29/2018 | Category: | Author: Jakub Vele

Nebraska Business License

Once you have registered your new business in Nebraska, what is the next step towards making it operational? The only way your business can operate in the state of Nebraska is if you have a proper business license or permit. It is important to know that not all businesses in Nebraska require a license or permit to operate. The permits or licenses, their fee, and issuing authority vary according to the type of business or industry and the physical location of your business.

Nebraska Business License Requirements

Some businesses require state-wide business licenses while others have to apply for a license issued by the city or county within which the business is situated or planning to operate from. Some of the general categories for which permits and business licenses in Nebraska are issued include:

  • Food Establishment Permit
  • Health and human services
  • Real Estate
  • Liquor Control Commission Licensing
  • Agricultural licenses and permits
  • Firework Distributor or Retail License

What are the requirements for obtaining a business license in Nebraska? Which business entities require a license and which requires permits? Who is the issuing authority for these licenses? These are some of the important questions that you might be confronted with.

Here is a step-by-step approach towards acquiring a business license in the state of Nebraska.

Step#1: The Industry or Business Type

How would you know what type of business or professional license is required to operate in Nebraska? The type of industry or the activities of a business entity helps in identifying the type of business license required.

Let’s look at an example to understand this well.

  • Animal Control or Animal Shelter – You will require a business license pursuant to the Nebraska Commercial Dog And Cat Operator Inspection Act. Sample License
  • Livestock Auction Market – You will require a market license issued by Nebraska Department of Agriculture, Bureau of Animal. Sample license application
  • Liquor Retail – You will have to apply for a Nebraska company license along with the required application fee. The license is issued by Nebraska Liquor Control Commission. Sample License Application

The above example clearly shows that different businesses need to approach different state agencies to get their Nebraska company license. It is also important to note that a specific business type may require more than one license or permit to operate in the state.

Step#2: Licenses issued by City/County

If your business or industry type doesn’t fall under a statewide license then you will have to check with the local city or county office. A business license in Nebraska can also be issued by local counties or cities in which the business is located.

Let’s take a look at an example to understand this better.

City: Lincoln Nebraska

If you are planning to start a food establishment in Lincoln City, Nebraska then you have to apply for and acquire a Nebraska Department of Agriculture business license through Lincoln-Lancaster County Health Department (LLCHD).

You may also require LLCHD food establishment permits in the City of Lincoln

The type of license or permit as well as the required fee is determined by the type of food establishment and the number of facilities.

You will have to apply for license and permits with the Health Department, Environmental Public Health, City of Lincoln.

The license fee can vary from $80 to $1,000 – Download the application

City: Omaha, Nebraska

The city of Omaha does not issue general business licenses.

The City Clerk’s Office of Omaha processes and issues applications for a business license related to selling liquor and fireworks permits.

If you plan to become a retailer or seller of fireworks in the City of Omaha then you will be issued a permit valid from June 28th through July 4th each year. You will not require a business license in Nebraska for selling fireworks.

You will have to contact the Permits & Inspection Division of the Planning Department at least ten days prior to June 28th for an inspection.
The permit fee is $2,500 – Download the application

Step#3: Issuance of a Business License

How is a business license in Nebraska issued? You have to identify the following to complete the process:

  • The type of business or industry
  • Do you need a license or a permit?
  • Will it be issued by the state or the county?

Once you have identified the above, all you need to do is either download the application online or contact the concerned state department or city’s clerk office.

It is important to note that a business license or permit will have to be renewed annually unless specific dates have been mentioned, to keep the business operational.

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Why Nebraska?

Date: 07/06/2015 | Category: | Author: Jakub Vele

Why incorporate in Nebraska

Business Information & Rankings

  • Nebraska is the only state that offers a 100% public power system which provides customers with electrical power at some of the lowest rates in the nation.
  • Nebraska was 1 of only 11 states that increased the number of manufacturing establishments in recent years. (Business Facilities Ranking Report, 2005)
  • Nebraska is strategically located in the center of the country. Seven national highways run north south across the state, making Nebraska an ideal location for companies looking for access in the NAFTA trade corridor.

Cost of Living Index

For Omaha, NE (2005):Index Score
Composite:89.0
Housing:79.7
Utilities:91.2
Misc. Goods & Services:92.0

Crime Rate

Nebraska has the 26th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Business inventory is exempt.

Corporate Income Tax
Nebraska’s corporate tax structure consists of two brackets. The first $50,000 is assessed at a rate of $5.58%, and anything over $50,000 is taxed at 7.81%.

Personal Income Tax
Nebraska’s personal income tax system consists of four separate brackets with a top rate of 6.84% starting at an income level of $46,750.

Personal Property Tax
Taxable. Nebraska is one of the 38 states that collect property taxes at both the state and local levels. Nebraska does not levy an intangible personal property tax.

State Sales and Use Tax
Base Rate: 5.5 %
Machinery Rate: 5.5 %

A credit is allowed to any taxpayer engaged in a qualifying business who increases the employment of the business in Nebraska by two new full-time employees and who makes an increased investment in the state of at least $75,000 during a taxable year.

Unemployment Insurance
Nebraska’s new employers’ rate is 3.5% for 2 years.

Wyoming

Date: 09/20/2017 | Category: | Author: Martin Bargl

Wyoming Corporation & LLC total only $189

Are you planning to start a new business? Incorporate in Wyoming! Wyoming is the most preferred one-stop destination for start-up businesses as well as big corporations. Corporations and businesses find Wyoming a state that offers several benefits that will aid in the growth of their business. There are no personal income taxes, no corporate income taxes and privacy of company owners is guaranteed.

Incorporate in Wyoming Online

You can form a Wyoming Corporation by filing The Articles of Incorporation with the Wyoming Secretary of State. If you hire us to form your Wyoming corporation (we do so every day), your total cost will be $150. That’s it.

You will need to search and choose a company name prior to filing your application. The applicable fee for a for-profit Corporation is $100 while that of a nonprofit Corporation is $25.

If you are thinking of forming a Wyoming Corporation online then incparadise.net, a registered agent in the state of Wyoming, can provide the following services:

  • Drafting of custom incorporation articles for Wyoming Corporation
  • Filing of Wyoming Profit Corporation registration form
  • Receipt of filed documents within a period of 3 to 6 business days from the date of filing

Time to set up a company

The time for processing the Wyoming Corporation formation can vary from one state to another, although the routine procedure takes anywhere between 4 – 6 weeks. You can always opt for “Expedited” processing, which will reduce time considerably. Under Expedited processing, we will ensure the necessary documents are filed with the Wyoming Secretary of State’s office electronically or through an overnight dispatch service.

Expedited processing will ensure formation of Wyoming Corporation within 2 or 3 business days.

Note: State fees may apply for expedited services

Advantages

Wyoming is one of the best states to incorporate a business as there are numerous benefits that corporations can enjoy. First things first, a Wyoming corporation does not require:

  • Corporate income tax
  • Personal income tax
  • Gross receipts tax
  • Inventory tax
  • Franchise tax
  • Disclosure of shareholders
  • Citizenship Requirements
  • Over-burdening regulations
  • Per-capita tax

Property, sales, and inheritance taxes in Wyoming are also amongst the lowest in the USA.

Some of the other advantages include:

  • Privacy – As a Wyoming Corporation, you have the right to privacy. Wyoming doesn’t require Corporations to divulge information regarding their shareholders or owners. This ensures protection from lawsuits.
  • Corporate formalities and restrictions on business operation is minimal in the state of Wyoming
  • Annual Fees – Wyoming Corporations can benefit from low annual fees, which is based on the value of corporate assets within the state. The minimum fee is $50. If you have assets worth one million dollars, then the fee in Wyoming would be approximately $200.

LLC, Corporation S or C

When a corporation is formed in Wyoming, it exists in the form of a C Corporation. It will remain as a C Corporation unless you apply for a change in status. A C Corporation can be changed to a S Corporation only when proper consent is given by existing shareholders. Apart from this, Form 2553 has to be filed with the IRS for special tax treatment (“pass-through taxation”) in accordance with Subchapter S of the Internal Revenue Code.

You can file for S Corporation at any point in time after the formation of C Corporation.

Yearly requirements

Registered business entities or corporations that have “active status” in the state of Wyoming will need to maintain yearly requirements to keep their business in compliance. The yearly requirements are as follows:

  • Annual report: Corporations are required to file an annual report on or prior to the first day of the anniversary month of the incorporation.
  • Business license or permit: A business license or permit is required for operating businesses in the state of Wyoming and needs to be renewed annually.
  • Federal tax identification number (EIN): EIN is required for Corporations that have employees. Additionally, it is required by banks for opening a business account.

Cost to incorporate in Wyoming

The cost of forming a Corporation in Wyoming is $189. The fee takes into account state filing fees, corporation name check, filing of Wyoming State Certified Articles of incorporation, initial list of directors, and business license.

Form LLC in Wyoming online

Wyoming LLC articles can be filed online as well as by mail to the Secretary of State along with a filing fee of $100. If you are thinking of forming a Wyoming LLC online then incparadise.net, a registered agent for LLC formation services in Wyoming, can provide you the following services:

  • Drafting of custom NV incorporation articles for Wyoming LLC
  • Filling of Wyoming LLC registration form
  • Receipt of filed LLC documents within a period of 3 to 6 business days from the date of filing

Time to set up a company

The time for processing a LLC formation varies from one state to another and the manual procedure for filing documents will increase the formation time to 4 – 6 weeks.

The second option is “Priority” or “Expedited” processing. Under Expedited processing, we will ensure the necessary documents are filed with the Wyoming Secretary of State’s office electronically or through an overnight dispatch service.

Expedited processing will ensure an LLC can be formed within 2 or 3 business days.

Note: State fees may apply for expedited services

Advantages

Wyoming LLCs can be formed through filing articles of organization with the Secretary of State and are governed by Wyoming Statutes: Title 17, and Chapter 29 Wyoming Limited Liability Company Act.

Unparalleled limited liability protection is one of the top benefits that LLCs can derive in Wyoming. Some of the advantages it has over other states include:

Limited liability and Asset Protection

  • An LLC is considered to be a separate legal entity that has a unique Federal tax ID Number. It is responsible for its debts as well as liabilities, but this responsibility is not shifted to the owners.
  • Forming a Wyoming LLC means that managers and members can benefit from the high degree of protection against lawsuits. LLCs in Wyoming are a preferred option for many, as you can maintain your privacy while safeguarding your assets.

Unparalleled Privacy

As the owner of Wyoming LLC, you can enjoy unparalleled privacy. This is because:

  • In Wyoming, there is minimal reporting and disclosure obligations
  • Ownership information of a Wyoming Limited Liability Company is not listed with Wyoming state
  • It is not mandatory to list members or managers of your LLC

Other

  • No State taxes – Forming a Wyoming LLC means your business or company will not be liable for state taxes
  • Citizenship requirements not mandatory – You don’t need to be a US citizen to form an LLC in the state of Wyoming.
  • Moving existing LLC – Wyoming LLC laws have made it easier for you to move your existing LLC from any state to Wyoming.
  • Start-up costs are lower – Forming a Wyoming LLC translates into lower start-up costs as LLC filing fees are affordable.

LLC, Corporation S or C

When a corporation is formed in Wyoming, it exists in the form of a C Corporation. It will remain as a C Corporation unless you apply for a change in status. A C Corporation or LLC can be changed to an S Corporation only when proper consent is given by existing shareholders. Apart from this, Form 2553 has to be filed with the IRS for special tax treatment (“pass-through taxation”) in accordance with Subchapter S of the Internal Revenue Code.

You can file for an S Corporation at any point in time after the formation of LLC or C Corporation.

Yearly requirements

Once a limited liability company (LLC) has been formed, you need to undertake specific steps to maintain compliance as a part of yearly requirements. These steps are necessary towards preserving the limited liability that an LLC provides its owners. The yearly requirements for Wyoming LLCs are:

  1. Annual report: LLCs are required to file an annual report on or prior to the first day of the anniversary month of the LLCs formation.
  2. Business license or permit: A business license or permit is required for operating LLCs in the state of Wyoming and needs to be renewed annually. Complete details and package is provided here.
  3. Federal tax identification number (EIN): An EIN is required for LLCs that have employees. Additionally, it is required by banks for opening a business account.

Cost to incorporate in Wyoming

The cost of formation of a Limited Liability Company (LLC) in Wyoming is $189. The fee takes into account state filing fees, LLC name check, filing of Wyoming State Certified Articles of Organization, initial list of managers or members, membership agreement, and business license.

Front page

Date: | Category: | Author: Martin Bargl

Nevada Corporation ORDER NOW

Date: 06/24/2015 | Category: | Author: Jakub Vele
Nevada Corporation ORDER NOW

Wyoming additional services

Wyoming additional services

Wyoming additional services