Introduction to becoming a real estate agent in Nevada

Nevada is one of the top tourist destinations in the US and is home to Las Vegas also known as the “Entertainment Capital of the World”. The real estate market conditions in Nevada and especially Northern Nevada like the Greater Reno-Tahoe area has witnessed growth not only in the residential and commercial real estate but also a high demand for industrial space. This is the right time to become a real estate agent in Nevada but how do you plan it through? This article is like a self-help guide that will answer important queries like registering as a real estate broker in Nevada, taking a Real Estate Salesperson Licensing Exam, setting up business legally, and also information on the best places to invest.

Real Estate Industry in Nevada

Nevada is undergoing an economic expansion, which makes it beneficial for real estate developers, capital partners, investors, and lenders to be optimistic about the industry. This also means that this is a good time to become a real estate agent in Nevada. The industry growth is being sparked by many factors like Amazon developing an 800,000sqft warehouse in North Las Vegas and ‘Bed Bath and Beyond’ investing in a 500,000 sq ft of industrial space. There has also been significant development of properties that real estate companies in Nevada had invested in.

Why is Nevada an ideal place for the real estate industry?

Whether it is the Reno housing market or the Las Vegas commercial property market; Nevada real estate market has transformed dramatically and is considered as the market to invest in. The Reno-Sparks home sales have posted some really big gains and the median sales price in Southern Nevada has seen a spike up while companies like Tesla, Intuit, Switch and Panasonic are getting into the industrial space, which is driven towards creating opportunities and enabling growth. Are these the only reasons why you should become a real estate agent in Nevada? Nevada is considered as an ideal place for the real estate industry and the reasons are:

• Strategic Location: Nevada is one of the best places for new businesses and it is more so because of the strategic location it can boast of. There are several real estate companies in Nevada because it has access to some of the major markets and hence real estate here is considered as prime property. Nevada is situated right at the center of the western region comprising 11 states.
• Growing Home Sales: Many first time entrepreneurs and business owners are planning to become real estate agents in Nevada because the home sales have shown promising growth. For example: Washoe County and North Las Vegas saw a strong growth in existing single-family home prices as they increased by almost 15 percent with Boulder City trailing with a year over year increase of 12 percent. Similarly, the median sold home price in the Reno-Sparks real estate market climbed to $407,000 in June 2020, which is an almost 1.8 percent increase from May’s median sales price of $399,900.
• No Corporate or Personal Income Tax: Nevada is one of the few states in the nation where there are no corporate income tax for new businesses and thus makes it easier to become a real estate agent in Nevada. The state also doesn’t have any personal state income tax for the residents, which is an important driver towards the low cost of living the state enjoys

What are the best places to invest in Nevada?

If you are planning to become a real estate agent in Nevada the first aspect you need to consider is the areas or regions of the state that are best for making a real estate investment. There are several cities in the state that will provide you with a promising growth but the top 3 places are:

• Las Vegas: The city considered as the ‘entertainment capital’ is also the most populous market for real estate investors. As a real estate broker in Nevada, Vegas has so much to offer because the median home value in this city has witnessed an increase of more than 10 percent and is predicted to grow further. The median home value in 2020 is $290,535 with a 1-year appreciation rate of +1.8%.
• Reno: This mountain side city has an expanding real estate market and just the right place if you are planning to become a real estate agent in Nevada. The median closed sales price for the Reno-Sparks real estate market was $400,000 in November 2019, which is a 6.0 percent annual increase as compared to November 2018. According to CoreLogic, a top financial services company, Reno home prices may be higher than the national average. The current median home price in the Reno housing market is $268,700, which is more than the national average of $203,867.
• Carson City: This is another great place to start a business or become a real estate broker in Nevada although you will have to first fulfill real estate agent license requirements Nevada. This is a thriving market with the median price recorded in 2019 being $327,250 which is a jump of 10 percent from the 2018 median price of $295,000.

Steps to get a real estate license in Nevada

The real estate market in Nevada is considered to be evolving in such a way that it will provide plenty of opportunities for both new and existing investors. Becoming a real estate broker in Nevada means you will be able to benefit from the positive trends and opportunities in the residential as well as commercial real estate. The combined value of the U.S. Housing Market is estimated at $33.6 Trillion with Las Vegas, NV contributing a total market value of $209 billion. The big question is how do you fulfill real estate agent license requirements in Nevada and what steps should you take towards real estate business registration in Nevada? Let us look at some of the important aspects to consider.

Choose area of real estate (Commercial/Residential)

If you are planning to become a real estate agent in Nevada then one of the first aspects to consider in choosing is the area of real estate you want to specialize in. The commercial and residential real estate in Nevada have their pros and cons but both the markets have growing opportunities for a real estate broker in Nevada. It is also important to consider the advantages each area may provide. For example, a commercial property may garner a higher rate of return as compared to a residential property although commercial properties require customers to make a huge up-front investment vis-à-vis residential properties. Hence, it is important to make an informed choice.

Register for the 90 hours of required education

One of the primary real estate agent license requirements in Nevada is to provide proof of pre-licensing education in the form of certificates or certified transcripts. This means that you will have to register for and complete 90 hours of required education. According to the Nevada real estate division, you may require 64 semester college credits as follows:

• 45 hours or 3 college credits in Real Estate Principles
• 45 hours or 3 college credits on Real Estate Law and this must include at least 18 hours in Nevada law studied at a Nevada school
• 45 hours or 3 college credits in a Real Estate Appraisal course
• 45 hours or 3 college credits in a Broker Management course if you want to continue as a real estate broker in Nevada
• 15 college credits in any other real estate related courses like economics, business, accounting, management, marketing, and finance

Get fingerprinted

One of the initial real estate agent license requirements Nevada is “Fingerprint Cards”. You will be required to submit one fingerprint card along with a money order or a cashier’s check made payable to the “Department of Public Safety”. Alternatively, you can also use the verification form issued by any Nevada approved Fingerprint Vendor.

Take the Nevada Real Estate Salesperson Licensing Exam

In order to become a licensed real estate broker in Nevada or a real estate salesperson in the state you need to take the Nevada Real Estate Salesperson Licensing Exam. You have to pass the exam as it will confirm that you have achieved the required minimum level of real estate knowledge required to become a real estate agent in Nevada. The knowledge relates to practices, principles, regulations, and statutes pertaining to Nevada real estate. The exam is conducted by PSI Services LLC on behalf of Nevada Real Estate Division, Department of Business and Industry. You can download the Candidate Information Bulletin to get an insight into the examination registration, fees, and scheduling procedures.

Choose a real estate broker

Before you can actually become a real estate agent in Nevada, you will need to work under a real estate broker for a specific period of time. This experience will help you in getting your license as their signature may be required on the licensing application. There are several real estate companies in Nevada to choose from and you can make a checklist of brokers based on the type of real estate market you want to specialize in.

Apply for Your Nevada Real Estate Salesperson License

Once you have cleared the real estate broker in Nevada or salesperson exam, you can apply for a real estate salesperson license. The form 549 is used for applying for this license and contains all necessary information pertaining to real estate agent license requirements in Nevada. Once the form has been duly filled, you will be required to submit it with the Real Estate Division, Department of Business and Industry, at 3300 W. Sahara Ave., Suite 350, Las Vegas, Nevada 89102.

Gather all your forms

It is important to understand that if you are starting your own business then you will not only have to submit an application as mentioned under real estate agent license requirements Nevada but you also have to submit one for starting a new business like the Nevada state business license application. It is important that you have all the necessary applications in place so that the submission process is streamlined and simplified.

Set up your business legally

There are different forms of businesses you can establish in the state of Nevada. You can form a sole proprietorship firm or even a business corporation or limited liability company. The type of business you want to form will depend on your requirements and IncParadise as one of the top registered agents can help you with the process of real estate business registration in Nevada. We are expert incorporation specialists and have helped more than 10,000 new businesses with incorporation or registration in the country. We are well versed with the Nevada state laws, real estate business laws, and real estate agent license requirements in Nevada. Our new business registration process is quick, easy, and will save you time!

Register your real estate business in Nevada today!

Get Nevada state business license

It is mandatory for all Title 7 business entities to file for the Nevada state business license with the Secretary of State pursuant to Chapter 76 – State Business Licenses, 2015 Nevada Revised Statutes. If you are planning to become a real estate agent in Nevada and if your business type includes domestic or foreign corporation, limited partnership, limited liability companies (LLC), limited liability partnership (LLP), limited liability limited partnership (LLLP) and business trusts then your business will be considered as a Title 7 entity. The Nevada Secretary of State (SOS) provides detailed information on real estate business registration in Nevada as well as business licensing through their FAQs and other related sections. The application for Nevada state business license is a mandatory requirement and is offered as a part of our incorporation process. Since a state business license has to be renewed each year by all businesses, we can help you to be compliant with this Nevada requirement.

How can IncParadise help you?

The real estate agent license requirements in Nevada may look overwhelming but that is exactly the reason we have created this guide – to help you understand how the process works! Being one of the reputable registered agents in the state of Nevada, we can provide meaningful assistance towards setting up your business just like we have helped several real estate companies in Nevada with the process of business registration.

Introduction to restaurant business in Nevada

Nevada is a state with diverse industries and the top industries making a positive impact on the economy include the tourism industry, restaurant industry, and the gaming industry. These industries are all interconnected and dependent on each other. You can start a restaurant in Nevada as it is considered as a strong and evolving industry but there are several aspects of forming this business that you need to consider. Hence, we have created this helpful guide that will answer queries pertaining to forming a business in Nevada, getting a license, how to start a restaurant business plan, choosing a location and business structure, restaurant space and layout, and hiring employees.

Restaurant Industry in Nevada

Nevada officially became a state in 1864 and the Nevada Department of Economic Development also known as the Governor’s Office of Economic Development (GOED) was formed in 1955. The GOED has been responsible for putting Nevada tourism on the map thus creating a huge platform for other businesses like the restaurant and local food industry to grow. Today, there are 8 historical restaurants in the state including the Boulder Dam Hotel. Since then restaurants in Nevada have come a long way towards becoming an integral part of the economy and the tourism industry. If you have a food business idea then to start a restaurant in Nevada may be the right decision.

How does the restaurant industry impact the Nevada economy?

Today, Nevada is home to 5,980 restaurants including eating and drinking places and has generated $9.9 billion in sales. The restaurant industry has provided employment to 219,200 and by 2029; the employment is expected to grow by 15% to 252,100. When you start a restaurant in Nevada, it will become an integral part of the growing hospitality industry. Whether you start a restaurant from home or use commercial space, the restaurant industry has a positive economic, fiscal, and social impact on the state. In fact, every dollar that is being spent in the table-service area makes a contribution of $1.70 to the economy of the state. Similarly, every dollar that is being spent on the limited-service area of the restaurant industry is contributing $1.48 to the Nevada economy.

Top restaurant trends you can’t ignore

The restaurant industry in Nevada is one of the fastest growing and evolving industries in the state. If you are planning to start a restaurant delivery service or a restaurant from home then knowing the current trends in the industry will be an asset towards ensuring overall sustainability of your business. The key restaurant trends in the Nevada state are:

• Restaurants offering organic and gluten free food – The customer has always been the king and the restaurant diners of today are inclined more towards restaurants that are offering organic and gluten free food. Gluten refers to a group of proteins that are found primarily in cereal grains and restaurants have indeed started offering gluten free food to satisfy the customer’s palate. Similarly, there is an increasing demand in organic food, which basically comprises vegetables and grains that are being grown without the use of artificial chemicals, hormones, and are not genetically modified. Entrepreneurs of today are gearing up to start restaurants in Nevada that caters to this change in customer’s taste. At the end of the day, today’s customers value health and transparency.
• Be a part of a casual dining restaurant chain – A casual dining restaurant is also known as a sit down restaurant and is a highly popular option if you are planning to start a restaurant in Nevada. This is a type of restaurant that serves a moderately priced menu in a casual ambiance. Most often than not, a casual dining restaurant provides table service. The top five casual restaurant chains that are trending include Panera Bread, Chipotle Mexican Grill, Panda Express, Five Guys Burgers and Fries, and Wingstop. A forecast based on customer taste and choice indicators of restaurant food suggests that the casual dining chains will expand exponentially in the near future and is expected to reach a total sales of US$863 billion by 2020.
• Restaurant delivery services are the future! – If you have been toying with the idea to start a restaurant delivery service then it is time to soar higher with it. Yes, it is a fact that almost 60% of consumers in the US order a takeout or delivery at least once a week. You can start a restaurant in Nevada that offers takeout services as the revenue generated through the Online Food Delivery Services segment is projected to surpass US$26,527 million by 2020 with an annual growth rate of 5.1 percent. The future of this market may also witness delivery of an online restaurant order using autonomous vehicles or food-delivery drones.
• Restaurant food driven by AI Chefs! – If you are wondering how technology may change the way restaurants work then the new innovation round the corner is robot chefs! You heard it right – Moley Robotics has successfully created the first robotic kitchen in the world. The robotic kitchen features an advanced, fully functional robot that has been integrated into an aesthetically designed kitchen where it can cook with the same skill and flair as that of a master chef. This simply means that if you start a restaurant in Nevada with a robotic kitchen then the food being served will be consistent in taste as well as appearance.
• Solving issues related to staff turnover – The restaurant industry in the US and Nevada however growth oriented have been ailing with high staff turnover rates. The challenging areas are to fill up BOH (back of house) positions like kitchen managers and chefs. In order to start restaurant delivery services and ensure its success you have to work on turnover rates for a variety of positions including cashier or counter services, support staff, servers, kitchen staff, bar staff and management. One of the best ways to counter some of the problem areas is through implementation of Restaurant Management Software’s like multi-function POS systems that can do a variety of work including overseeing processing of payments, ensuring the restaurant pantry has all ingredients, menu planning, and overseeing various facets of the restaurant operations.

Steps to start a restaurant business in Nevada

The restaurant business in the US is valued at $899 billion and there has been a rise in consumers wanting to dine out or have prepared food delivered at home. In order to start a restaurant in Nevada, you will need to create a proper business plan and identify the various important aspects of starting the restaurant successfully. Hence, we have created the following guide that will help you to start a restaurant from home or commercial space with ease.

Choose restaurant concept and brand

A restaurant concept is the key to defining the restaurant and it can be an idea or a theme for example: If you are planning to offer Greek food on the menu then you can integrate a Greek design or create an ambience of Greece. You can also start a restaurant in Nevada with a simple, sleek, and minimalistic decor. It is important to know that the concept will flow through the menu design, service style like fine dining or bistro, and the style of cuisine. Inspiration is often taken from knowledge of local ingredients, heritage, and traditions. When you start a restaurant business plan, the concept is really important as everything else will follow it including the brand creation and branding.

Prepare your business plan

A restaurant business plan is like a framework that will take into account everything right from the proposed restaurant management to branding and menu design. A business plan is essential to start a restaurant in Nevada as it will also highlight the competition and provide an insight into revenue generation. If you want to start a restaurant business plan then the following will be some of the important components:

• Executive Summary
• Company Overview
• Industry Analysis/Market Analysis
• Marketing Plan
• Menu
• Employees
• Restaurant Design
• Financial Analysis
• Location
• Financial Analysis

Choose a location

Choosing a location is also known as location analysis and is a key component towards making the restaurant a success among future customers. You will require a restaurant business license in Nevada to make the restaurant operational and the license will also be issued based on the location. It is imperative you choose a location based on certain factors like:

• The visibility of the restaurant and this should be determined by car and foot traffic patterns
• Space requirements, for example, for every seat in the restaurant, you will require 5sqft of kitchen space
• Parking options near the restaurant for customers and staff
• Avoid high crime rate areas
• If you have chosen a location to start restaurant delivery service then research the surrounding businesses in that location to understand if they are doing well or not
• Focus on accessibility of the location bearing in mind that restaurants located near highway exits draw interstate travelers etc
• The cost to start a restaurant in Nevada should be a bottom-line consideration as higher upfront costs prior to becoming profitable can drive it out of business

Choose a business structure & set up your business

One of the most important choices you will have to make prior to applying for a restaurant business license in Nevada and registering your business is choosing the right business structure. The structure that is quite common amongst startups is sole proprietorship as it is easy to form and will provide you with complete managerial powers. This type of business structure will be beneficial if you are planning to start a restaurant from home. If you are looking at renting commercial space and are thinking of tax implications then the most beneficial business structure would be a regular C corporation, S corporation, and a limited liability company (LLC). We at IncParadise can help you to register your restaurant business in Nevada as we are expert incorporation specialists and have helped with registration of over 15,000 companies.

Set up your choice of business structure in Nevada today!

Obtain necessary licenses and permits

One of the most important requirements towards making your startup operational is to apply for and obtain a restaurant business license in Nevada. Ideally, you will be required to apply for a general business license with the Nevada Secretary of State (SOS) and an applicable local business license specific to the county or city you are establishing your business in.

Check what type of Nevada licenses your business requires!

Set up your restaurant space and layout

Setting up your restaurant space and layout will ensure you are able to submit layout or floor plan to the city departments. This is helpful especially when applying for a restaurant business license in Nevada or for permits from the city planning department. You can always create the restaurant layout using floor planning software like ConceptDraw or SmartDraw. Some of the aspects to consider while creating your restaurant space and layout include:

• There are several primary spaces that you need to consider for the ‘Floor Plan’ including kitchen, restrooms, bar area, dining area, entry/exit, and waiting area.
• Placing and planning your kitchen area like an island-type kitchen plan provides a better workflow or you can go with the commercial kitchen layout or assembly line layout
• To start a restaurant business plan you need to focus on restaurant space planning by calculating an approximate area per diner like 18-20 square feet per person in fine dining concept. You will also need to work out the table & chair spacing.

Form your menu items

The menu items should be created in accordance with the food concept that your restaurant is planning to promote. Whether you start a restaurant delivery service or fine dining, the menu is at the heart of the entire business. You will need to establish basic food items followed by anything exotic that you may want to offer. The menu will play a crucial role in determining the equipment required, hiring of chefs, and the targeted consumers. Once you start a restaurant in Nevada you can later on increase the menu items or create a menu that will be profitable and sustainable in the long run.

Hire employees

When you start a restaurant in Nevada, one of the biggest challenges you may face is that of hiring qualified labor. Since, this is the food-service industry, you will need to search for and find chefs, assistants in the kitchen, qualified administrative and cashier desk staff, food service, and cleaning and dishwashing. You will need to conduct background checks and screen applicants thoroughly. You need to also ensure that the restaurant business is in compliance with the Nevada regulations on minimum wage.

How does IncParadise help you?

It may seem like a difficult proposition to start a business in Nevada but with the help of IncParadise, you sail smoothly through the registration phase of your business. We possess the knowledge and experience-based efficiency required to help business incorporation or formation in the state of Nevada. This knowledge and experience along with a professional team have enabled us to provide a wide range of business specific services.

Introduction to tax preparation business

Tax preparation is a process of preparing tax returns and this includes income tax returns, which is created for the purpose of compensation for any person or entity other than the taxpayer. Tax preparations are fast turning into one of the most popular especially among those who want to start home based businesses in Nevada. Hence, we have created this detailed guide that will provide you with an insight into how to start a tax preparation business at home and also answer queries pertaining to the role of a professional tax preparer and the important requirements towards becoming one.

Professional Tax Preparer

According to the Bureau of Labor Statistics, there is a great demand for tax preparers in the United States and this is expected to grow by almost 14 percent by 2022. In fact, the IRS had processed in excess of 250.3 million Federal tax returns as well as supplemental documents by the end of 2018. A large percentage of returns and tax related documents were prepared by either a certified public accountant (CPA) or a professional tax preparer or a tax preparation franchise. This increasing demand of professional tax preparers is one of the reasons why more and more entrepreneurs are looking to start a tax preparation business in Nevada.

Who can be a professional tax preparer?

If you are someone with an interest in accounting and want to prepare tax returns then you can become a professional tax preparer. The reason why people often start a tax preparation businesss in Nevada is because it is considered to be a lucrative part-time or full-time business. You can even start this business right from your home and can also operate it as a secondary business.

What does a tax preparer do?

If you are planning to start a tax preparation business in Nevada then it is important to understand the role of a professional tax preparer. The basic role is to help in preparing income tax returns on behalf of businesses as well as individuals. The tax preparation will include calculating taxes, filing and signing of returns. As a professional tax preparer, you will be working with clients and the IRS as one of the roles is to represent the taxpayer during Internal Revenue Service examinations of their tax returns.

Steps to start a tax preparation business in Nevada

As a tax preparer, you will be able to enjoy several benefits throughout your career including high income, job security, and flexibility. If you are planning to start a home based business in Nevada for tax preparation then it is important to know the various requirements especially in Nevada and on the Federal level. You will also be required to apply for certifications and tax identification numbers as it will help increase your credibility and thus be able to handle tax preparation for a small business. In order to help you understand the requirements, we have created a step-by-step process of how you can become a professional tax preparer.

Get the necessary education & training

The first step towards how to start a tax preparation business at home is to get the necessary education and training. You may be surprised to know that there are no strict educational requirements and the minimum education requirements for a professional tax preparer is a high school degree or General Educational Development (GED). Of course, completing formal education or specialized training in tax preparation will benefit you in the long run and especially if you plan to start a tax preparation business in Nevada.

Obtain Preparer Tax Identification Number (PTIN)

One of the essential requirements for a professional tax preparer is obtaining a Preparer Tax Identification Number (PTIN). If you are planning to start a tax preparation business in Nevada that will be involved in assisting and preparing clients for filing their U.S. federal tax return, refunds, or claims then you will be required to apply to the Internal Revenue Service (IRS) for a PTIN. There are two ways in which you can file the application and they are:

• Apply for your Preparer Tax Identification Number (PTIN) online by creating a new user account
• Download, complete, and submit PTIN application form W12 by post to the IRS

Decide business name and register business

An important aspect of how to start a tax preparation business at home is identifying a business name and registering your business in Nevada. Every new business has to identify a unique business name that should be compliant with the Nevada Business Code and then reserve it with the office of the Secretary of State. Similarly, depending on the type of business like LLC or a business corporation; you can start a home based business in Nevada only after you register the entity with the Secretary of State.

Set up your new Nevada business with IncParadise today!

Comply with Nevada state licensing requirements

Nevada is considered as one of the best places to start a new business because of the several tax advantages and small business incentives the state offers. If you want to start a tax preparation business in Nevada then in order to conduct your business, you will be required to apply for a business license. According to Chapter 76 of 2015 Nevada Revised Statutes, the business license is mandatory for all Title 7 entities, which includes Limited Liability Companies (LLC), Corporations, Limited Liability Limited Partnerships (LLLP), Limited Liability Partnerships (LLP), Limited Partnerships (LP), and Business Trusts. As a business or entrepreneur, you need to comply with all Nevada state licensing requirements including qualification for state as well as municipal/county licenses. You can check Nevada SOS for business license document or application preparation and submission guidelines. IncParadise offers information sharing and support through a detailed Nevada Business licensing guide, which will help you to determine the rules and regulations of the state and the county where you are planning to establish your business.

Obtain an Employee Identification Number (EIN)

When you are working on a tax preparation business plan, it is important to identify various business requirements in advance like the need for an Employee Identification Number or EIN. This is a unique nine digit number that is assigned by the Internal Revenue Service (IRS) to facilitate the filing of tax returns. If you are planning to start a home based business in Nevada then you can order your EIN directly through IncParadise as it will save you time and the long process that a startup has to undergo.

Apply for your tax preparation business EIN today!

Open a Business Bank Account

Maintaining a separate bank account for your business will definitely have long-term benefits especially when it comes to tax preparation for small business. Some businesses like sole proprietorship or single-owner LLCs can have a single bank account for personal and business but this may create issues where privacy is concerned. Whether you are planning to register a limited liability company or a business corporation, you can start by opening a business bank account as it will also help increase business credibility. We understand that you may have several questions related to opening a business bank account and hence we have created a detailed guide that will help you identify account related requirements.

Obtain Electronic filing identification number (EFIN)

One of the important aspects of how to start a tax preparation business at home is obtaining an Electronic filing identification number (EFIN). Today there are over 1.2 million tax preparers in the US and in order to successfully perform such a role, obtaining an EFIN from the Internal Revenue Service (IRS) is necessary. The EFIN will help you to e-file tax returns on behalf of your clients. The norm is that if you start a tax preparation business in Nevada and will be filing 11 or more tax returns in a specific year then you will be required to e-file these returns. How do you obtain an Electronic filing identification number (EFIN)? You need to do the following:

• Create an e-services Account on the IRS website using specific information like Social Security number, email address, etc. The registration for e-services account involves a two-factor authentication process also known as Secure Access.
• Submit your application for an authorized IRS e-file provider. The application process is not simple and several types of information will be required as a part of the process including identification information for your tax preparation firm, Principal and Responsible Officials, and fingerprints among others. This information is taken so that the integrity and security of the e-filing system can be protected. It is important to know that the IRS can take a maximum of 45 days to approve your e-file application.
• If you are planning to start a home based business in Nevada for tax preparation then passing a suitability check is necessary for obtaining EFIN. The suitability check is a type of background check conducted by the IRS on the individual or firm applying for an EFIN

Get tax preparation software

If you are planning to start a tax preparation business in Nevada then it can be quite a rewarding business and using tax preparation software or tools can make your work much easier. There is a wide variety of software and tools available thanks to advancement in technology and they are an essential aspect of any tax preparation business plan. These software can help you with different tasks ranging from filing basic returns to audit support including personalized audit assessment, providing industry-specific deductions, review of mortgage tax deductions, and protecting tax information. Some of the top tax software programs include TurboTax, TaxSlayer, Jackson Hewitt, H&R Block, and Liberty Tax among others.

Market your tax preparation business

Whether you are a tax preparer or CPA with an intention to start a home based business in Nevada, an important catalyst of growth and success of your startup is marketing. Every business consists of several components that help in the smooth functioning of the business like electricity, qualified employees, internet, phone etc. You will be required to pay bills and salary to employees and that revenue can be generated through clients and marketing plays a key role in ensuring you are able to reach out to prospective clients. You need to focus on creating a marketing strategy first as it will be integral towards a successful tax preparation business plan. There are several cost effective ways through which you can promote your business including creating a proper website, writing a blog, using tax accounting programs and highlighting it in your press releases or e-mailers, word-of-mouth promotions, community involvement, and active participation on social media platforms among others.

Maintain business compliance

Anyone can start a new business but long-term growth and sustainability is dependent on several factors like the ability to maintain business compliance. If you start a tax preparation business in Nevada then you will need to maintain compliance with Nevada state and federal business laws as well as US Tax Compliance laws.

IncParadise is there to assist!

If you are planning to start a tax preparation business in Nevada then it is time to get it registered in the state. We at IncParadise can assist you with the process of registering your tax preparer business in the state and also represent you in front of the Secretary of State as your chosen registered agent in Nevada.

An Introduction to Home Based Business License in Las Vegas

Las Vegas, considered as the entertainment capital of the world is also a great destination to start a home business. All types of businesses whether based out of commercial space or home-based require a state business license and also a local business license in Las Vegas. There are almost 38 million businesses in the U.S that are home based and this number is going to rise in the coming years. There are more individuals and entrepreneurs opting to start home-based businesses due to several benefits and hence it is important to ensure that the business can run without any hiccups. This is possible only if you apply for and obtain the necessary home business license in Las Vegas or any permits that may be required to operate your business legally.

What is a Home Based Business?

There are so many opportunities for entrepreneurs that home based businesses are becoming a trend. A home based business has often been the starting point for several big businesses like Apple Computer and Baskin-Robbins ice cream. A home-based business (HBB) is basically a type of small business that is operated from the business owner’s residence. The residence is known as a home office. There are several reasons why it is becoming a popular business option and they are:

• Low start-up cost: One of the primary driving factors for home-based businesses is lower cost of operations. For example: Doing business in Las Vegas especially out of a commercial or industrial space may prove to be highly expensive but if you start off from your own home then you are saving on the rental cost.
• Flexibility: A home-based business ensures flexibility in terms of work time and type of work. You will be able to spend more time working by cutting down time to commute. You can also work in different time zones depending on your convenience as well as client requirements.
• Tax Benefits: There are several tax benefits of operating a home-based office. You will be able to deduct a part of your home expenses from your business income like property taxes, mortgage interest, utility bills etc. Of course, you can enjoy these benefits only if you have obtained a home business license in Las Vegas.

Operational standards for a home occupation permit from LVMC 19.16.180(G)(1)

Doing business in Las Vegas is easy if you meet all regulations and requirements including that of a business license for home-based businesses. The Las Vegas, NV Unified Development Ordinance governs the operational standards for a home occupation permit. The purpose of LVMC 19.16.180 is to ensure individuals are able to obtain a Home Occupation Permit. This permit allows limited types of income producing activities to be conducted from a residential building or unit.

• It allows doing business in Las Vegas by the occupants of the residential dwelling unit and they should be engaged in a business activity that is approved by the permit.
• There will not be any employees reporting for work nor can they be dispatched from the residential property.
• If you are doing business in Las Vegas with the home occupation permit then you cannot transact business or offer to transact business with any clients or customers visiting your property.
• You will not be permitted to display advertising or signage anywhere on the residential property
• The permit doesn’t allow storage of any type of toxic chemicals or hazardous materials within the premises
• The permit facilitates doing business in Las Vegas but doesn’t allow:
  1. Sale of vehicles by vehicle dealers pursuant to NRS Chapter 482
  2. Business involving ammunitions or explosives
  3. Operating a barber shop or beauty parlor
  4. Ambulatory or other emergency services

Planning to establish a home-based business in Nevada?

Applying for a Home Based Business License

A home business license in Las Vegas will ensure you are able to operate your business from your residence. There are various stages of licensing along with specific requirements that you need to fulfill. It is important to note that there are several types of small businesses that can get a business license to do business from their residence. At the same time, it is important to understand that a home-based business should not have any impact whatsoever on the immediate surroundings or neighborhood. Now, let’s look at the various stages and requirements for home business licenses.

Apply for your Nevada State Business License with the Nevada Secretary of State

The first step is to ensure you have the state business license. This license is mandatory for small businesses operating in the state of Nevada and is issued by the Nevada Secretary of State. According to NRS 76.100, it is mandatory for a business or individual to apply for and obtain a business license prior to doing business in Las Vegas. Failure to obtain a license may lead to penalties and in some cases operational restrictions. We at IncParadise can assist you with the process of filing for the state business license.

Apply for your Nevada State Sales & Use Tax Permit with the Nevada Department of Taxation

One of the important requirements prior to filing for a home business license in Las Vegas is to apply for the Nevada State Sales & Use Tax Permit. This is applicable for any individual, firm, partnership, etc., that is planning to engage in business in the state. You will be required to apply for this permit with the Nevada Department of Taxation-Compliance Division. You can go through our detailed guide on Nevada Taxes for businesses.

Apply online for Las Vegas home-based business license

You can apply for a home business license in Las Vegas by filing your printed license application with the City of Las Vegas-Business Services Division. Alternatively, you can file the application online. The normal turnaround time for processing a business license varies from 14 to 30 working days.

Business License Information

There are different types of businesses that you can start from your home or residence. The license fee for each type of business activity is different. Prior to doing business in Las Vegas, you will be required to apply for the relevant license.

How can IncParadise help you?

IncParadise is one of the most respected registered agents in the state of Nevada. Our primary objective is to facilitate sharing of information pertaining to formation of new businesses in the state. We will not only provide assistance by answering any business license related query you may have but also ensure you have all documents necessary for doing business in Las Vegas. You will be able to benefit from the following:

Our expert team will help you to obtain the required home based business license

There are primarily two types of licenses required to conduct your business in Las Vegas – state business license and local license. Our team of experts and experienced professionals will not only assist with the process of helping you apply for and obtain both licenses but also provide all information necessary for making an informed choice regarding doing business in Las Vegas.

Our other services in Nevada

Apart from helping you obtain a home business license in Las Vegas, IncParadise also provides a varied range of business related services. We can provide customized services specific to your business requirements. You can also benefit from additional services like forming or incorporating a new business in Nevada and state business license renewals.

An Introduction to Obtaining Business License and Permits in Carson City, Nevada

Carson City also officially known as the Consolidated Municipality of Carson City is the capital of one of the most business friendly states in the nation. It’s the 6th largest city in Nevada and is considered to have a growing and diverse economy that is being driven by retail as well as commercial growth. The capital of Nevada is quite the favorite amongst new businesses that are opting to carry out business activities primarily in service-sector industries. A business license in Carson City can help your establishment to become an integral part of the growing consumption-oriented industries.

Carson City economic outlook

Why should you start a business in Carson City? Economically, the capital of Nevada is on a growth curve driven primarily by varied industries. The economy of Carson City is enjoying higher growth in some of the largest industries including Public Administration, Manufacturing, Retail Trade, Tourism, Oil & Gas Extraction, and Mining among others. The Gross Domestic Product for Carson City was recorded at $3,661 million. New businesses have formed in the leisure and hospitality industry thus increasing employment and productivity. The city has also experienced stronger growth in construction and logistics and data centers.

• Carson City has witnessed an increase in the job market by 3.3% as compared to last year. This growth can be attributed to an increase in new business filings.
• There is no income tax in Carson City as compared to the US average of 4.6%.
• Future job growth based on industry growth is expected to be 40.6 percent, which is higher than that of US (33.5%)
• Redevelopment activities paid for through tax-increment financing or TIF-80, which will ensure owners of properties within a Redevelopment Zone don’t pay any additional property tax.
• New businesses can apply for business licenses in Carson City with ease thus minimizing the waiting time to make a business operational
• Carson City Office of Business Development provides several programs to assist new businesses in setting up including the rapid response program
• The city has four highways that play a critical role in strengthening the infrastructure

Start your New Business in Carson City Today

Obtaining Carson City Business License and Permits

If you are planning to start a business in Carson City then one of the primary requirements would be to obtain the necessary business licenses and permits. This is required by both Nevada Revised Statutes and Carson City – Code of Ordinances. There is a specific procedure for business license application and there are certain requirements that a business needs to be compliant with. Let us take a look at how you can obtain your business license in Carson City.

1. Create an LLC/Corporation

If you have already decided that you will start a business in Carson City then the first step would be to register your business. You can start a business in Nevada as a corporation or as a Limited Liability Company (LLC) by filing Articles of Incorporation or Articles of Organization with the Nevada Secretary of State (SOS) or you can save time and register your new company with IncParadise.

2. Obtain a Fictitious Name Certificate (DBA)

Every person planning to start a business in Carson City under a fictitious or assumed name, which is different from the legal name of such a person will be required to file a DBA (doing business as) pursuant to NRS 602.010. This has to be filed with the office of the County Clerk, Carson City or alternatively, you can order it through IncParadise.

3. Obtain a State Business License

Prior to applying for and obtaining a local business license in Carson City, you will be required to apply for a state business license. It is mandatory to apply for a state business license pursuant to Chapter 76 of 2015 Nevada Revised Statutes irrespective of the type of business entity. A business cannot become operational without the state business license hence; we at IncParadise have included this as a part of your business registration or incorporation process.

4. Obtain a retail sales permit (If Required)

A retail sales permit also known as a sales tax permit is required by those businesses that are selling tangible personal property. If you are not such a seller then you may not be required to obtain this permit prior to applying for a business license in Carson City. The fee for sales tax permit is $15 and it is issued by the Nevada Department of Taxation – Compliance Division.

5. Obtain a local license

Once you have fulfilled all of the above, you will be able to apply for a local business license in Carson City. The type of business license or permit will vary according to the type of business activity. It is important to note that some businesses may require multiple local licenses. You can check our Business License Report to identify the licenses your business may need to apply for in Carson City.

6. Obtain needed Environmental Permits

In order to obtain a local business license in Carson City you need to check whether your business requires environmental permits. This permit is issued by the Nevada Division of Environmental Protection (NDEP) as well as local authorities. The permit will be required in the following cases:

• If a business activity leads to discharging air pollutants
• If a business activity causes discharge of wastewater from industrial processes
• If there is construction activity for a specific project that may impact or have future impact on streams or wetland areas

7. Obtain Special Permits (If required)

It is important to know that not all businesses will require special permits. Depending on the type of business and nature of activity, you may be required to obtain special permits from the Fire, Health, and Planning Departments. You can refer to our business license report to check what all licenses or permits you may require apart from the state business license and local business license Carson City.

Check our Business License Report for Licensing in Carson City

How does IncParadise help you?

If you are planning to start a business in Carson City, Nevada then you will be able to benefit from the strong infrastructure, varied business incentives, and a growing economy. IncParadise, as one of the most respected registered agents will help you form your LLC or business corporation in the state. You can also contact our specialists in case you have any queries related to the process of formation of your small business. Your business can benefit from:

• The Services of our expert team – Our expert team consists of experienced professionals who will help you to obtain the required state business license and local business license in Carson City. Our team will also help answer your queries and if required guide you through the process of business formation in the state. The IncParadise team will not only help you with business incorporation or formation in Nevada but provide information pertaining to requirements based on the type of business entity you want to form in the state.
• Our other services for Nevada businesses – We at IncParadise believe that every business has a different set of requirements and hence, we are equipped to cater to any business related services you may require. We provide several additional services that will help you to start your business in Carson City as well as maintain compliance with Nevada state requirements.

An Introduction to doing business in Douglas County, Nevada

Whether small or medium sized; it is never an easy task to start a business. There are several requirements that you have to meet and this includes state specific requirements like a Nevada state license or a Douglas County business license as well as business specific requirements like keeping the overall cost of forming a business low. There are several industry sectors that have witnessed a rise in startups and new businesses in the county. One of the top sectors is the ‘Food & Agriculture’ sector that contributed in excess of $300 million to the economy of Douglas County. The food manufacturing output value was $190 million with the top food manufacturing industries being frozen fruits, coffee, tea, juices, vegetables, and canned fruits.

Business in Douglas County

Douglas County is home to different industries and businesses and one of the popular industries is tourism followed by gaming. It is known as the Sierra Region of Nevada as it is home to the breathtaking Sierra Nevada Mountains. The mountains along with the southern shore of Lake Tahoe play a key role in the development of the tourism industry. Over the last few years, several small and medium sized enterprises with a Douglas County business license have been formed to cater to the rising demands of tourists visiting the county.

Obtaining Douglas County Business License and Permits

Douglas County’s economic vitality vision and goals focus primarily on leadership and resource commitment towards education and innovation, which are also considered to be a part of the new age industry sectors. A new business after acquiring a Douglas County business license can take advantage of the various benefits and business incentives offered by the state and local administrations. The county has laid in place certain guiding principles that are meant to help businesses in the long run and this includes:

• Improving business climate
• Enhance education and workforce
• Maintain exceptional quality of life
• Preserve natural environment while strengthening infrastructure
• Attract startups and businesses that are unique and marketable

1. Create an LLC/Corporation

There are different forms of business that you can form in Douglas County and the most popular forms are Private Corporations and Limited Liability Companies. The process of formation or incorporation is dependent on the type of company you want to create. This is one of the first steps towards obtaining a Douglas County business license. If you plan to form a private corporation then filing Articles of incorporation will be necessary (NV Rev Stat § 78.030) and to form an LLC filing Articles of organization will be required (NV Rev Stat § 86.151) to start a business in Nevada. The new business registration documents will be filed with the office of the Nevada Secretary of State (SOS) or alternatively you can order it through IncParadise as it will save you time. You can also benefit from the experience of IncParadise as one of the top registered agents in the state as well as the additional services provided by the company.

2. Obtain a Fictitious Name Certificate (DBA)

DBA is also known as “Doing Business As” name, a fictitious business name, or even a trade name. In the simplest of terms, if a person or a business entity conducts business under any other name other than it’s original name then that name is considered to be a DBA. If you are an individual or company planning to conduct your business under any other name then you will be required to file for a DBA certificate pursuant to Douglas County Codes 5.02.010. This has to be filed with the office of the county clerk. You will need to submit a copy of the certificate with your Douglas County business license application and you can also contact us to benefit from our expertise and professional assistance towards fulfilling your business filing requirements .

3. Obtain a State Business License

Each and every Title 7 Business Entity being formed in the state of Nevada has to apply for a state business license. A Title 7 business entity includes private corporation, LLC, LLP, LLLP, LP, and business trusts. It is mandatory to obtain state business licenses prior to applying for a Douglas County business license. A business entity is required to apply for the Nevada state license along with initial or annual list while being compliant to all requirements of NV Rev Stat § 76.100 (2015). The Nevada business license application has to be filed with the Secretary of State. Alternatively, you can opt for IncParadise incorporation of new company services as it includes filing of business license for Nevada.

4. Obtain a retail sales permit (If Required)

A retail sales permit is meant for those businesses that are going to be engaged in selling of tangible personal property. This permit is an additional requirement apart from the Douglas County business license and is applicable only to qualifying businesses. If a business has multiple locations then they will be required to apply for separate permits for each of those places of business. You will be required to apply to the Nevada Department of Taxation for a retail sales permit along with a fee of $15 for each business location.

5. Obtain a local license

You can apply for and obtain a Douglas County business license once you have fulfilled all requirements as required by Nevada Revised Statutes and Douglas County Codes. The local business license will be issued by the office of the Douglas County clerk. The type of business license or permit that you will require is dependent on the type of business activity. It is also important to note that some businesses may require multiple local licenses or permits like a restaurant serving alcoholic beverages will require food licenses and alcohol permits.

6. Obtain needed Environmental Permits

Will your business require environmental permits? This permit is required by specific businesses based on their business activity and this is an additional requirement apart from the Douglas County business license. The environmental permit is issued by the Nevada Division of Environmental Protection (NDEP) as well as county authorities. This permit is required by those businesses whose activities may lead to:

• Discharge of air pollutants
• Discharge of wastewater from industrial processes
• Discharge of waste due to construction activity
• Storm water Discharge
• Onsite Sewage Disposal

7. Obtain Special Permits (If required)

There are specific business activities that are permitted only when the concerned business obtains special permits. An example will be ‘special use permit’ as defined by Douglas County codes 20.604.010. This permit is issued by the planning department and ensures land use is permitted for specific businesses by right in a particular zoning district. Certain businesses also require special permits from the fire department or building department in order to conduct their businesses. These special permits are considered as additional licensing requirements apart from the state business license and Douglas County business license.

Register your New Business in Douglas County Today

How can IncParadise help you?

Douglas County is a growing economy that is already on the path towards strengthening their existing infrastructure. Once you have a Douglas County business license, you will be able to conduct business in the county and IncParadise as one of the most respected agents in Nevada is here to assist you in all aspects of business formation. IncParadise not only brings in its experience and expertise in helping businesses register in the state but can also provide a range of relevant services like:

• The Services of our expert team – A team of experienced professionals at your disposal! Yes, our team has managed different requirements of startups, entrepreneurs, and businesses in such a way that you don’t have to worry about any of the state registration processes. The team is well versed in Nevada Statutes and County Codes thus ensuring your business is able to meet all requirements and is compliant with laws of business formation like the requirements entailed for obtaining a Douglas County business license.
• Our other services for Nevada businesses – The process of business formation requires submitting different documents, applying for state and Douglas County business licenses, obtaining tax ID (EIN), filing specific documents on time to avoid penalties etc. At IncParadise, we understand the processes and submissions can be time consuming and over-burdening for new businesses and hence, we offer a range of additional services that will ensure all essential requirements of businesses are taken care of. Some of our additional services include mail forwarding services in Nevada, virtual office, annual report filing service, and Nevada foreign qualification among others.