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How to apply business license for Hotel-199 room or less in Las Vegas

Date: 07/24/2020 | Category: | Author: developers

How to apply for a business license for Hotels with 199 rooms or less in Las Vegas

When you talk about Las Vegas, the images that come to the mind are that of casinos and entertainment. The city is a tourism hotspot that enjoys an occupancy rate of almost 83.8% throughout the year. The leisure and hospitality industry drives the economy of Las Vegas and Southern Nevada. Las Vegas is just the perfect destination for businesses planning to establish in the hotel industry. If you are planning to start a hotel with 199 rooms or less, you will require a hotel business license in Las Vegas. This is a guide that will provide you with an insight into the hotel industry in Las Vegas and how you can be an integral part of this growing economy.

An Introduction to Business Licenses for Hotels (199 rooms or less) in Las Vegas

A hotel with 199 rooms or less will not only ensure tourists are able to get proper accommodation but the cost of setting up the business will also be less. The importance of a hotel business license in Las Vegas is the key to making the hotel operational. Hotels have long played a key role in tourism destinations. Today, hotels are considered to be one of the rapidly growing sectors within the tourism industry. This is because wherever tourists visit they will require accommodation and Las Vegas is a tourism hotspot. The city saw 42.52 million visitors in 2019 and all these visitors have one need in common – accommodation!

Growth of the Las Vegas Hotel Industry

Las Vegas, one of the top tourist destinations in the USA is considered by many to be the casino capital of the world. Tourism, conventions, and gaming are considered to be the key drivers of the economy of the City of Las Vegas. The economy has grown in leaps and bounds and has helped many small, medium, and large businesses to reach sustainable growth. There are several areas for setting up your new business including the hospitality sector and all you will require is a Las Vegas business license to start with.

The hospitality industry has come a long way and has witnessed positive growth since 2009. This has opened the doors and created the platform for small and medium businesses to flourish in the form of motels and hotels. There has been a steady increase in businesses applying for a Las Vegas business license especially hotels with 199 rooms or less. In 2009, the citywide occupancy was 81.5% and in 2019, the occupancy rate was 88.9% according to Las Vegas Convention and Visitors Authority (LVCVA). Forecasters believe that the demand for Las Vegas motels and hotels will continue to be driven by the tourism and leisure segment with occupancy levels remaining the highest during weekends. A report by Las Vegas Convention and Visitors Authority (LVCVA) revealed that weekend occupancy of hotels in 2019 was 94.2% as compared to mid-week occupancy of 86.5%.

Let us look at some interesting statistics concerning the hotel industry in Las Vegas:

  • The visitor volume in 1970 was 6,787,650 with room inventory being 25,430. In the year 2000, visitor volume was 35,849,691 with room inventory being 124,270. In 2019, the visitor volume was 42,523,700 with room inventory at 150,259.
  • The U.S. national average hotel occupancy is 66.2% while that of Las Vegas city-wide is 88.2% and Las Vegas strip occupancy is 89.5%.
  • The total number of hotel & motel rooms available in Las Vegas city is 147,238 with the average night room rate being $129.
  • There are more than 55,856 entities conducting their business with a Las Vegas business license. A majority of these businesses are hotels and motels.
  • Tourists or visitors to Las Vegas contributed nearly $2.3 billion through various taxes.
  • Visitor spending was an average of $135 for rooms per visit and the total spending on rooms annually was $5,693,927,439.

Hotels may also contain restaurants, conference rooms & personal service shops

A hotel business license in Las Vegas is necessary to conduct business at this tourist destination. Hotels in this city are not only used for accommodation but provide several other services including restaurants, conference rooms & personal service shops. In fact, the city of Vegas is considered by many as the top meeting and convention destination in the nation. There is 11,296,470 square feet of meeting and convention space in Clark County, one of which has three-fourths of its space in Las Vegas. If you have been thinking of starting a hotel with 199 rooms or less then offering convention space can be a fruitful decision.

Every entity in the hospitality Vegas industry requires a hotel business license in Las Vegas and there are a multitude of services being provided by hotels and motels. Some of the common services offered by hotel establishments include:

  • Luxury guest rooms and suites
  • Multiple meeting rooms
  • Convention Facilities
  • Multiple specialty restaurants
  • Full-service business center
  • Nightclubs, bars and lounges
  • Day spa with salon as well as workout options
  • Small to mid-sized in-house shops
  • Concierge service

The type of hotel you are planning to establish and the services you are aiming to provide are the two most important criterions for defining the type of Las Vegas business license required.

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Las Vegas Hotel (199 or less) License Requirements

Las Vegas is one of the top tourist destinations in the USA and the world. It is the right destination to start a hotel with 199 rooms or less as the currently available 149,422 rooms may seem less during weekends. You will have to obtain a hotel business license in Las Vegas in order to offer tourist lodging, restaurant, and other lodging related services. There are specific requirements that you will need to consider prior to filing an application for a hotel business license. The requirements are:

Business Location Limit within Las Vegas

One of the primary requirements for a hotel business license in Las Vegas is the location of the business structure or hotel. Most of the top hotels are situated on the Las Vegas Strip, which is a part of South Las Vegas Boulevard although newer properties are situated in different areas of the Las Vegas Boulevard South. In order to apply for a hotel business license, you will have to confirm that your proposed location is within the city limits. You will also have to ensure zoning permits for a new hotel have been approved by the office of the Clark County Commissioner. You can read the Zoning Code also known as the Unified Development Code that provides information on zoning, signage, urban design, subdivision regulations, architectural and landscaping standards.

Provide proof of compliance with the Nevada Secretary of State

In order to obtain a Las Vegas business license for your new hotel, you will be required to submit proof of compliance with the office of the Nevada Secretary of State. Your hotel needs to be compliant with several aspects of transient lodging establishments pursuant to NV Rev Stat § 447 (2017) and Nevada Administrative Code NAC-444. The regulations that your hotel needs to be compliant with will vary from sanitation to general standards for construction, electrical requirements, floor area and ceiling height of rooms, disposal of waste, facilities for bathing, ventilation of rooms, and access for inspection of hotels among others.

Apply for and obtain a Health Permit from the Southern Nevada Health District

Las Vegas requires every hotel, motel, and food establishment including restaurants within hotel premises to apply for and obtain a Health Permit. A copy of this health permit has to be attached with the application for your hotel business license in Las Vegas. The health permit is issued by the Southern Nevada Health District, post inspection of the facility by an agent of the Health Authority. You can check the public accommodation regulations to get an insight into all that is required by hotels to get the permit.

Apply for a License Online

If you are a new business, then you can apply for your Las Vegas business license through the online portal for the City of Las Vegas. You will have to apply at least 30 days prior to commencing your lodging business.

Complete a wastewater profile for non-residential establishments

In order to apply for and obtain a Las Vegas business license for hotels with 199 rooms or less, you will have to file an Application For Class II Wastewater Contribution Permit with the City of Las Vegas Environmental Division. This permit helps in creating a wastewater profile for non-residential establishments and provides information on the preparedness of hotels related to accidental spills of any liquids or chemicals, treatments used for removing pollutants, and types of waste produced and disposal methods used by the establishment in question.

Fees

If you are planning to establish a hotel in Las Vegas with 199 rooms or less, you will have to obtain a hotel business license in Las Vegas. You will also have to apply for other licenses and permits depending on the services and facilities you are planning to provide. Apart from this, a hotel will require different types of on-site inspections. The fee for hotel business license and other licenses and permits will be different. There will also be a fee for inspections and the total amount of fees can vary from $25 to $400 or more. The fee for a hotel with 5-8 rooms is $25 and that of 9-199 rooms is $25 plus $3 per room. There is an additional $45 non-refundable application fee in Clark County.

Business license applications are sent to the Planning Department and Fire Department for review and inspection, if applicable

A hotel, motel or transient lodging in Las Vegas has to comply with the codes of the Fire Department and Planning Department. This is necessary for obtaining a hotel business license in Las Vegas. Whether a business is compliant or not will be decided through various inspections carried out by the Fire Department as well as the Planning Department upon receipt of your application. The Department of Building Fire Prevention Bureau also issues specific permits. You will have to get such a permit if it is applicable prior to submitting your business license applications. One of the most common permits for hotels with 199 rooms or less is the Fire Extinguishing Systems Permit.

Similarly, the Planning Department is responsible for ensuring code compliance by hotels. They carry out inspections for existing and new buildings. A Las Vegas business license will be issued only if a hotel has the required permits and is in compliance with all building and planning codes.

It is important to note that compliance with the codes and regulations will help you to obtain your Las Vegas business license with ease.

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How to apply for Washoe County general and home-based business licenses

Date: | Category: | Author: developers

How to apply for Washoe County general and home-based business licenses?

Washoe County is the second-most populous county in Nevada while the two major cities home to most small businesses are Reno and Sparks. The county has been a favorite destination for entrepreneurs and businesses owing to its proximity to major transportation routes and the wide variety of incentives offered by the Washoe County Community Services Department. In order to conduct business in this county, every business will require a general business license or state business license along with other local licenses and permits as necessary.

An Introduction to Business License in Washoe County, Nevada

At the heart of Washoe County is Greater Reno-Sparks, which is home to small businesses and large corporations. After acquiring the necessary general business license, 22 companies relocated to Greater Reno-Sparks by December 2019. There are more and more new businesses relocating, expanding, or registering in the county with technology related companies representing almost 40% of the relocations. The relocation of tech companies plays a vital role in strengthening the economic future of Washoe County. If you are planning to relocate or start a new business in Washoe County, do you require a business license or permit in Nevada?

Why do you need a business license in Washoe County?

A state business license also known as a general business license is mandatory for all Title 7 entities including limited liability companies and corporations and these are governed by Chapter 76 of the 2015 Nevada Revised Statutes. The state business license is not the only license that a business may be required to apply for. In fact, depending on where your business is based like a specific county or city, you will be required to apply for a local license.

If your business is based in Washoe County then you will have to obtain a general or home business license to ensure you are able to conduct your business without any obstacles. The County regulates each business in the region to protect the health and safety of the larger public. Every new business being formed in the state or county is checked to ensure they comply with all federal, state, and local regulations and codes as applicable.

A local or home business license in Washoe County may also require initial and periodic inspections by different public agencies. Licenses or permits will be issued by the county to businesses only after approval is received post inspections by public agencies. This could include inspections by police, fire, and health departments.

It is important to know that the Washoe County local or home business license serves as an important source of information for public agencies. These public agencies can get a list of different licensed businesses within the unincorporated Washoe County. The County has a team of dedicated Business License staff that can provide business or license related information to any new or existing business in the unincorporated Washoe County.

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Washoe County General Business License Requirements

If you have registered or are planning to form a new business in Washoe County then apart from the state or general business license, you may also require county business licenses or permits. The type of license required will vary depending on the type of business. The laws and regulations pertaining to licenses required for engaging in business in the county, licensing requirements, fees, renewals etc., are all governed by Chapter 25 of the Washoe County Code.

We at IncParadise understand that the licensing requirements and processes may seem daunting and confusing. Hence, we have created a home or general business license guide for Washoe County to help you identify the important aspects of licensing in the county.

Business Name Documentation

When you are applying for a home or general business license in Washoe County, there are specific licensing requirements that need to be fulfilled. One of the primary requirements is business name documentation. There are two options to consider and they are:

  • If you are forming a business corporation then you will be required to register the entity with the office of the Nevada Secretary of State. Once you have received your articles of incorporation, provide a copy of the same or a corporate seal with your general business license application to the license division, Washoe County pursuant to county code 25.017. According to NRS 78.040, you will need to reserve the name of your corporation with the Nevada Secretary of State and a copy of the same should also be attached with the license application.
  • If you are planning to use a business name that is neither your own first and last name then you will be required to file a Fictitious Firm Name (DBA) certificate. The DBA certificate has to be filed with the Washoe County Clerk. Once you receive the DBA certificate, you can file the application for general or home business license and ensure a copy of the copy of certificate is enclosed.

Note: If your business is a corporation doing business under a different name then you will have to apply for a Fictitious Firm Name certificate prior to applying for a business license.

Nevada State Business Registration

Whether you are planning to set up an LLC in Nevada or a business corporation, the first step is to register your business with the office of the Nevada Secretary of State. It is important to know that you can apply for a Washoe County general business license only after your business is incorporated or formed in the state. The business formation application is different for different types of businesses like LLC, LLP, corporation etc. The formation documents will also be different for domestic and foreign business entities. The processing time for a business entity in Nevada can vary from 10 to 30 business days.

Nevada State Taxation

A business entity formed in Nevada needs to register with the Department of Taxation prior to filing for a Washoe County home business license. You will have to file the sales and use tax permit online through IncParadise. When applying for a license or permit in Washoe County, you will be required to submit proof of tax registration in the form of a clearance letter, bill, or stamp.

There are different types of taxes that may be applicable to your business and you can read more about it at our Nevada tax guide.

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State Industrial Insurance

A business entity formed in Nevada and planning to apply for a general business license in Washoe County needs to first complete a Nevada Industrial Insurance affirmation of compliance letter. This is applicable for businesses with or without employees pursuant to NV Rev Stat § 616A.010 (2017). The affidavit of compliance is available online through www.nvsilverflume.gov and alternatively, IncParadise can assist you with the process by providing the Nevada State Industrial Insurance Compliance form. The submission of affidavit of compliance along with the licensing application is mandatory for all businesses in the county.

Stormwater Discharge Permits

There are specific commercial and industrial business activities that have to obtain a stormwater discharge permit. This permit is an additional license apart from the general or home business license and is issued by the Nevada Division of Environmental Protection (NDEP). The NPDES stormwater discharge permit is required if your business activity discharges stormwater into medium as well as large municipal separate storm sewer systems (MS4s) situated in Washoe County. The stormwater discharge permits include the following:

  • Industrial Permit
  • Construction Sites: 1 Acre or more
  • Mining Permit
  • Small Municipal Separate Storm Sewer Systems
  • Large Municipal Separate Storm Sewer Systems

Federal or State Licenses

One of the questions that businesses registering in Nevada ask is whether they require a Federal Business license or just the state business license. Most small businesses except those based from home require federal, state or a combination of both licenses and permits. The need for these types of licenses or permits is dependent on the type of business activity, geographical location, state laws or county code. A copy of such licenses and permits needs to be enclosed with the Washoe County general business license application. You will require:

  • Federal Licenses: There are specific business activities that require Federal licenses or permits like you importing or transporting animal products, manufacturing or selling alcoholic beverages, manufacturing or importing firearms etc.
  • State Licenses: Every business in the state of Nevada will have to obtain a state business license in order to conduct business

Site Plan

If your business is home-based then you will require a home business license but if it is not home-based and is situated in any unincorporated area of Washoe County then you will be required to provide a site plan along with licensing application. The site plan provides all necessary and detailed information pertaining to the size and location of existing business structures and signs at the location you are planning to use in accordance with subsection 110.504.60(d) of Washoe County Code. Download a Washoe County Sample Site Plan.

Approvals and Agency Sign-Offs

Whether you are applying for a general business license or a specific permit, there are specific license based approvals required from different agencies. It is important to note that according to County Code 25.018, failure to obtain approval from any agency approving the operation of a business entity at a specific location or service area may lead to denial of the Washoe County business license. For example: If you are planning to open a commercial business like a storefront or a non-home based business like horse boarding then you will be required to get approvals from different County agencies so that a business license can be issued.

Business License Fees

Once you have all the necessary documents and approvals to be submitted, you can file the home business license application along with a fee of $77.75 for the first year. The Washoe County Code 25.0255 also specifies that if you were to organize temporary sales or services with or without booths, yard sales, outdoor events, leasing or sub-leasing of commercial or industrial property, and permanent exhibitions among others then there will be a separate fee specific to the activity.

Multi Jurisdiction Fees

If you are planning to conduct your business in Sparks, Reno, and unincorporated Washoe County then you will be required to apply for a separate general business license for each of the jurisdictions. The fees will be different for each jurisdiction; the fee is $85 for Reno, $109 for Sparks, and $77.75 for Washoe County. You will have to file applications separately along with all the required documents and approvals in the specific jurisdictions. In order to make the process easier, there is a multi-jurisdictional licensing process using which you can pay a combined license fee at a single location. This licensing process is available only for new business license applications.

How Can IncParadise Help you?

If you have chosen to establish your business in Nevada then it is a great decision as the state offers numerous benefits and incentives. IncParadise is one of the most reliable and reputed registered agents in Nevada that can provide valuable assistance towards helping you establish your business in the state. We provide a range of services right from business incorporation or formation, mail forwarding and annual report filing service to helping you obtain a state and general business license. How are we going to help you?

Our expert team will help you to obtain a business license in Washoe County

We have a team of experts with knowledge of the processes involved in obtaining a general business license in Washoe County. We will not only help you to understand the process but also assist you with identifying the correct licenses or permits and approvals required to help your business get started in the county.

Our other services for Nevada businesses

IncParadise has helped with the formation of several businesses in the state of Nevada and this experience is the backbone of our reputation. Whether it is obtaining a general business license or filing documents, we understand that each business entity has different requirements and hence our services are extremely personal in nature. We provide all types of business formation services in Nevada and Washoe County. We also provide additional services that every business may need like knowledge sharing, helping with preparing the right documents for filing, business name registration, filing of initial reports etc.

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Business License

Date: 07/23/2020 | Category: | Author: developers

A DEFINITIVE GUIDE INTO NEVADA BUSINESS LICENSE

When it comes to a favorite state for starting a new business, Nevada is on the top of the list. This is more so because the silver state provides several benefits including strong privacy protection and no state income or franchise taxes. You can establish your business and obtain a Nevada business license to leverage all said benefits of the state.

An Introduction to getting Nevada Business License

Nevada is considered to be a business friendly state and hence it is easy to form an LLC or a business corporation. A Nevada business license is a mandatory requirement pursuant to Nevada Revised Statutes and is applicable for any entity or persons planning to conduct business in the state. Of course, you need to know the type of license or permit required for the corresponding business activity and this information can be gathered through a Nevada business license search.

What makes Nevada Popular amongst New Businesses?

Nevada, the 32nd most populous state in the USA is also known as the “Silver State” due to the precious metal being a key driver of the economy. Today, more than ever before, the health of the Nevada economy is currently robust and it is expected to keep growing at a steady pace. The economy along with incentive programs offered by the state to small businesses has been key to higher registration and application of startups for a Nevada business license.

Why start a business in Nevada?

Whether you are planning to start an LLC or a business corporation, the basic requirements are business registration and application for license and permits in Nevada. Positive business climate and opportunities in varied industries for innovation are two main highlights of the state. Nevada is not only championing the business of innovation but is also promoting the concept of lean startups. There are several advantages and benefits for new businesses in the state including the business license Nevada cost being lower as compared to other states. Some of the benefits include:

  • Strong economic benefit: Nevada is home to over 250,000 small businesses and they play an integral role in the 3.3% annual economic growth rate of the state. The state economy has been undergoing significant positive changes as there is a large influx of startups in several industries including technology and professional services. The state provides just the right infrastructure and economic platform to small and medium sized enterprises. You can take advantage of the robust economic policies of the state after acquiring a Nevada corporation or Nevada LLC business license.
  • Tax Advantages: Nevada is one of the few states with a strong pro-business environment thanks to its tax advantages. You will be able to benefit from the no state, corporate, franchise, and inventory tax after acquiring your Nevada business license.
  • Entrepreneurial Resources: Prior to acquiring the necessary license and permits in Nevada you can check the variety of entrepreneurial resources offered by the Nevada Department of Business and Industry, the Governor’s Office of Economic Development as well as Nevada Research & Innovation Corporation.
  • Support for Lean Startups: The state offers several types of resources pertaining to forming and operating a lean startup in the state. You can derive support in areas concerning lean systems and quality management and also attend several workshops focusing on lean manufacturing.

Business Licenses in Nevada

There are several different types of businesses including an LLC and business corporations that exist and are enjoying a steady growth in a wide variety of industries in Nevada. The state offers several benefits to startups through business incentive programs including programs offering loans and grants. In order to benefit from the numerous benefits and tax advantages, you will need to obtain licenses and permits in Nevada specific to the business activity.

Why you need a Nevada business license

The most important aspect of obtaining a license and permit in Nevada is to ensure an entrepreneur or startup can conduct business in the said state. Nevada state business licenses are governed by Chapter 76 of 2015 Nevada Revised Statutes. According to NRS76, it is mandatory for a business or individual to apply for a new license or opt for a Nevada business license renewal and failure to comply may lead to penalties as well as operational restrictions.

It is also important to know that nonprofit entities (NRS Chapter 81) and corporation’s pursuant to NRS84 will be able to benefit from Nevada business license exemptions. All other types of business entities also known as “Title 7” entities will be required to apply for and obtain a Nevada business license prior to conducting business in the state.

The license and permits in Nevada can be classified broadly into three different categories and they are:

  • State Business License in Nevada
  • Municipal/County Licenses
  • Regulatory Licenses and Permits

State Business License in Nevada

A startup or small business planning to form their business in the “Silver State” will have to apply for a state business license; the Nevada business license that is mandatory for all Title 7 entities. Earlier, the State Business License was processed by the Department of Taxation but since October 1, 2009, the filing and processing is being handled by the office of the Secretary of State. The state business license has to be filed along with the initial or annual list and you can file for an online business license Nevada using IncParadise services.

Since, a business cannot become operational without the Nevada business license, IncParadise has included it as a part of your business incorporation process. The Nevada Secretary of State office has made it mandatory to submit the business license along with the initial list or annual list. Hence, IncParadise offers annual report or initial list filing and submission services thus ensuring that the entire business formation process helps you save time.

Register a new business entity in Nevada Today!

Municipal/County Licenses

Depending on the type of business activity, you may also be required to apply for municipal or county license and permits in Nevada. This type of license is categorized under local licensing and this will be apart from the Nevada State Business License. All businesses may not require municipal/county licenses, so let’s look at an example to understand this.

If your business is based in Clark County then you need to first obtain a state business license. You can conduct a Nevada business license search to identify if your business requires any specific license or permits in Clark County. If your business is a food establishment serving liquor then you will need to apply for an Alcoholic Liquor License, which is classified under “Privileged Nevada business license.”

The business license Nevada cost is the same for state licenses but the fee for county license or permit may be different. They will vary according to the type of business activity and the licensing processes involved. You will be required to apply for this license with the office of the Clark County Department of Business License (CCBL).

Regulatory Licenses and Permits

The regulatory business license and permits are normally issued by the counties and the requirement for regulatory license and permits in Nevada is dependent on the jurisdiction your business is operating in. This type of license or permits requires police background checks as well as financial suitability investigations. An example would be Clark County where specific licenses and permits are labeled as “Regulated” pursuant to Clark County Code, Chapters 6 and 7 because of the operating parameters set out in the county code. This is especially applicable for liquor and gaming permits. The business license Nevada costs for these permits are also different from other business licenses.

Obtaining a Business License Varies based on geographic location

Although a Nevada business license can be obtained from the office of the secretary of state; there are several types of local licenses that need to be obtained specifically from the county the business is operating from or the geographical location the business is based in. Let’s look at an example to understand this.

If you are planning to establish your business in Washoe County, NV then you will need to apply for a Nevada LLC business license or for a Business Corporation based on the type of business activity. You may have to acquire permits from different local governmental agencies like the Washoe County Health Department and Fire Department for running a food establishment. Now, if your geographical location is the City of Mesquite then local license and permits in Nevada have to be obtained pertaining to the city’s business code. Depending on the type of business activity, you may need to undergo a building and fire inspection prior to obtaining a license.

A business entity may require a single state business license or multiple licenses and permits. Sometimes, identifying the type of license required can itself be an overwhelming process. At IncParadise, we understand the need for a solution that will not only assist you with identifying the different Nevada LLC business licenses and permits you may require but also make managing them easier. Hence, we have created a new service – business license report, which will provide information pertaining to state licenses, county licenses and permits, process to obtain, specific licenses required and much more.

Identify licensing needs using our business license report!

Steps in obtaining a business license in Nevada

The process of obtaining a Nevada business license may seem to be overwhelming but if you follow these 3 steps then it will be much easier.
Steps in obtaining a business license in Nevada

  • Step#1: The first step is to apply for the state business license. This is a Nevada business license which requires you to register with the office of the Nevada Secretary of State. The state business license Nevada cost is the same for all businesses. Prior to filing the license application, you need to have completed the following:
  • Step#2: The second step is to identify the local license and permits in Nevada. You need to conduct a Nevada business license search focusing on the city or county the business entity is based in and the business activity. For example: The City of Reno requires businesses or establishments serving Alcoholic Beverages to obtain a Privileged Business License. Similarly, different cities and counties have different license requirements and application procedures.
  • Step#3: You have to ensure all types of city or county inspections are complete. Depending on the type of business, geographic location, and business activity, you will have to get approval from different local governmental agencies for obtaining licenses and permits in Nevada. Local governmental agencies include the City Planning Commission, Building Divisions, Fire Prevention Division, District Health Division, Environmental Control Division, and Police Work Cards Division. Once you have the approval from the agency concerned, you can apply for and obtain your business license or permit. The procedure is the same for Nevada business license renewal as well.

It is easy to form a new business in Nevada with IncParadise!

Types of Business Licenses

In the state of Nevada, most businesses require a general operating license also known as the state business license. Since, each business is different hence the type of Nevada business license is also different. Some businesses may require a local operating license while others may require zoning permits. Some entities after formation can also apply for a Nevada business license exemption if they fulfill the required criteria. The different types of licenses in Nevada include:

  • The Standard Operating License: This is a standard Nevada business license that every business planning to operate in the state requires.
  • Seller’s License: The Seller’s license also known as the seller’s permit is applicable to businesses that:
    • Own a retail store, warehouse, or office
    • Sell products and taxable services in the state
    • Is an online business selling taxable products or services

    The seller’s permit requires a one-time registration and there is no need for Nevada business license renewal.

  • Privilege License: This is a type of Nevada business license that is required by specific businesses based in certain geographic locations. For example: certain businesses based in the City of Las Vegas would need to obtain a privilege license as such entities are considered to have the potential to affect the economic, moral, and social well-being of the city as well as its residents. Such businesses include gaming establishments and establishments serving alcoholic beverages. The business license Nevada cost for privilege licenses may differ based on several factors including type of establishment, seating or people, location etc.
  • Health License: This is a type of Nevada LLC business license that has to be obtained by food establishments.
  • Specific City/County/Municipal Permits: Specific license and permits in Nevada have to be obtained by business entities prior to beginning operations in a city or county. The most common permits include:
    1. Zoning Permit: This is a type of permit required by businesses operating from a specific zone, For example, a manufacturing business in a retail zone will have to apply for one.
    2. Building Permits: This type of permit is required by a business entity when they are planning remodeling work within their existing business premise or location.
    3. Fire Department Permit: This is one of the important as well as basic license and permit in Nevada. This requires inspection of premises by the fire department permit to ensure the premises is structurally sound and safe. The permit is issued only after the premise is approved by the fire department as safe.

How do I obtain or apply for a Nevada State Business License

Every business entity prior to beginning their operation has to apply for the State business license. The application procedure is almost the same for all business entities and the application along with the license fee has to be submitted with the Office of the Secretary of State.

The title 7 entities including corporations and LLCs need to file their application for their State business license along with the Initial List or the Annual List. You can apply for an online state business license or a reputed agent like IncParadise can submit it on your behalf through mail or fax. The application can also be submitted in-person at the Las Vegas and Carson City offices.

Partnerships and sole proprietors can apply for their state business license online during or post business registration with the Secretary of State. The license application including state business license renewal can be mailed, faxed, or submitted in-person. It is important to note that filings without the appropriate fees may be rejected.

If you are feeling overwhelmed with the entire process of obtaining a state business license then IncParadise can help you with the new business incorporation as well as the licensing process. We can also provide assistance towards filing of the initial list or annual report as it is a mandatory requirement for state business license renewal or issuance of new state business licenses.

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Renew Nevada Business License

Nevada business license renewal is an important process that ensures your business remains operational. Once you have acquired the necessary license and permits in Nevada to operate a business, you will be able to renew the license annually. This is mandatory for the state business license as well as different types of county licenses and permits. Entities that are conducting their business without obtaining or renewing their license or permit will be penalized pursuant to NV Rev Stat § 76.110 (2015).

State Business License Annual Renewal Fee

The state business license Nevada cost is $500 for business corporations and is $200 for all other Title 7 entities including Limited Liability Companies, Limited Partnerships etc.

At the same time, it is important to note that the fee for license and permits in Nevada cities and counties will depend on the business activity and the county the business is operating in.

When is the renewal due?

The State business license renewal is normally due on the last day of the anniversary month in which a permit or license was initially filed. The due date for renewal of state business license for Title 7 entities is the same as the due date for their annual list. The annual list is normally due by the end of the registration or incorporation anniversary month pursuant to Nevada Revised Statutes, NRS § 78.150 and § 86.263.

The state business license renewal due date for Title 7 entities like partnerships and sole proprietors is on or before the date of expiry as listed on their State Business License.

Note: According to NV Rev Stat § 76.130 (2015), if a person or business entity is unable to file annual renewal of state business license on the due date then such a person or entity will incur a penalty and may lead to revocation of its right to transact business in the state.

To form a New Business in Nevada, Simply Click below!

How does IncParadise help you?

IncParadise is one of the reputed and respected registered agents in Nevada offering businesses with a wide variety of services. We strongly believe that forming a business can be a formidable decision owing to the various aspects that one has to consider in helping make that decision. This is where IncParadise provides services catering to specific needs of different forms like Limited Liability Companies and Corporations. Whether it is a need for obtaining licenses and permits in Nevada or registering a new business, we have the team and the tools to fulfill your requirements.

Our expert team will help you to obtain the required licenses for your Nevada businesses

We have a team of experts from different industries possessing profound knowledge of application, filing, and processing of Nevada business licenses. In the state of Nevada, you will need to file the state business license with the initial list or annual list. Our team is not just well versed with licensing requirements but can ensure easy filing of initial lists.

Our back office system reminds/notifies your licenses annual renewal

At IncParadise, we believe that a good team should always have a strong support system. Hence, we have put in place a back office system that will automatically notify you regarding the Nevada business license renewal due date well in advance. This will save you time and penalties on late filing.

Our Business License Report will assist with all your licensing needs!

Virtual Address to Register Your Nevada LLC or Corporation

Date: 03/23/2020 | Category: | Author: developers

VIRTUAL ADDRESS TO REGISTER YOUR NEVADA LLC OR CORPORATION

Nevada is one of the favorite destinations for registering a new business and this is more so because of the several advantages that start-ups enjoy in the state. The “No State-Level Taxes” environment of Nevada is promising for entrepreneurs and start-ups to form an LLC or a business corporation. In fact, there are a rising number of start-ups opting for a virtual address in Nevada to carry out their business activity as compared to the traditional brick and mortar office spaces.

An Introduction to Business in Nevada

Kauffman Index of Entrepreneurship is a research study focusing on the start-up activity in different states and Nevada has been listed among the top 5 small states. Nevada along with Idaho, Oklahoma, Montana, and Wyoming has shown higher start-up activity as compared to other states. The state witnessed a rising number of start-ups opting for virtual addresses in Nevada so that they can work from anywhere. The research also shows that the start-up density, start-up activity, and “Rate of New Entrepreneurs” in Nevada has increased in the last 5 years. The Kauffman Start-up Activity Index for 25 smallest U.S. States by population ranks Nevada at #1 with a rate of new entrepreneurs at 0.41%.

Why is Nevada a preferred state to start a business?

Whether you go with a virtual address in Nevada or rent a commercial space, this is a state that offers start-ups and entrepreneurs with a good business climate. According to Forbes, the state is rated #13 in the list of best states for business. There are several reasons why Nevada is a preferred state among business owners and startups.

  • A strong tax shelter: Businesses are opting for a virtual address in Nevada to ensure that they can benefit from the various tax advantages. Whether you are planning to form a Limited Liability Company or a business corporation in Nevada, your business will have the following tax benefits
    • There are no state-level taxes for LLC’s
    • Start-ups don’t have to pay corporate income tax
    • There is no personal income tax for entrepreneurs
    • You will not be required to pay any unitary tax
    • Start-ups don’t have to pay franchise tax on income received
    • The state doesn’t have admissions tax
    • You will not be required to pay any gift or estate tax
  • Access Business Privileges using a Virtual addresses: A virtual address in the state provides businesses with mail forwarding in Nevada options and a street address. This street address can be used by businesses in their formation documents in order to enjoy all the privileges of an LLC or corporation.
  • Asset Protection: Nevada is one of the few states that has put forth strong and favorable asset protection laws for the long-term benefit of businesses forming in the state. Asset protection is available to entrepreneurs in several different forms varying from the opportunity to form an LLC to choosing a domestic asset protection trust.
  • The Catalyst Fund: This is a very special type of fund that has been created primarily to attract new businesses to the state. Your residence may be in another state and yet, using a virtual address in Nevada, you can form a business in this state and take advantage of the discretionary grant available through the catalyst fund.

Business Address for Nevada LLC or Corporation Box

A business address is essential for any Nevada LLC or Corporation if they want to register in the state as a domestic entity. Even if your entire business operation is online like an e-commerce website, providing a physical address to the secretary of state is mandatory. It can actually be quite an expensive affair to own actual commercial space and hence a virtual address in Nevada works very well for start-ups as it provides a business with an actual street address.

Why do you need a physical address for a Nevada business?

Even though this is the age of the internet and more and more businesses are moving into the online space, the need for a physical address is still as important as it always was. There are several reasons why an LLC or a business corporation may require a physical address and some of them are:

To Conduct Business

The very basic requirement for conducting a business in the state of Nevada is to have a physical address. It is important to know that the address should be registered with the Secretary of State office. This requirement is valid for both domestic and foreign business entities. Of course, if you don’t require an office but still want most of the important services like mail forwarding in Nevada, administrative staff, receiving of calls from clients etc., then opting for a virtual office would be just perfect. A virtual office means that you will have a physical address without needing to rent commercial space.

To receive documents

One of the important aspects that all businesses whether LLC or corporation share is receiving mail and documents pertaining to the business. The last thing you would want is to lose important documents containing sensitive information like bank statements, tax related mail, legal documents, and mail from the Secretary of State among others. A virtual address in Nevada plan will provide you with a physical address to ensure you receive all business related mail at a specific address. You can also use this address to receive mail from anywhere in the world.

Easy setting up of a Business

It is never easy to set up a new business and there are several areas that you need to focus on simultaneously. Getting a virtual address in Nevada is one of the first steps as you will be provided with a street address. This street address can be used by the business for the following:

  • Opening a bank account or even a merchant account
  • To register a business domain name
  • To share correspondence with vendors and suppliers
  • To receive business license, permits and business contracts
  • To receive mail from customers
  • It will help you list your business on Yellow Pages, Yelp, Google Places etc.

Ways to get a physical address for a Nevada business

In order to operate in the state of Nevada, you will have to register your start-up with the Secretary of State. It is important to understand that when you register the address of your LLC or Corporation with the secretary of state, it becomes public record. Whether you are working from home or completely online, once your address is public record, you may end up receiving junk mail. This also means that there will be no privacy and hence having a virtual address in Nevada can really be useful. The question is how do you get a physical address in the state?

  • PO Box: One of the most common options is to choose a P.O. Box as your physical address. P.O. Boxes are available with post offices and they are quite secure especially for mail forwarding in Nevada. If you are planning to register in Nevada, you need to find out if P.O. Boxes are accepted by the secretary of state as a valid business address.
  • UPS Store Mailboxes: UPS Store mailbox services provide mail forwarding services in Nevada and provide a real street address as well. You can choose between business and personal mailboxes.
  • Private Mail forwarding services: The third option is to go with private providers of virtual addresses in Nevada like IncParadise. These services will not only provide you with a proper street address but you will also be able to benefit from additional services like virtual office, mail forwarding, administrative staff services, and conference room capabilities among others.

Are you looking for a virtual address in Nevada?

Nevada Virtual Office & Mail Forwarding Service

Whether you are planning to register an LLC in Nevada or a business corporation, you will require a physical address to ensure you are able to conduct your business properly. You may not be ready to invest in a commercial space or a brick and mortar office but you are wondering if it is possible to get a business address without an office. It is most definitely possible with the IncParadise Virtual Office; a specialized service focused at providing a virtual address in Nevada and taking care of your essential business requirements.

Why use IncParadise Virtual Office for your Nevada business?

IncParadise, one of the top mail forwarders, and registered agents in the Nevada state have created a virtual office program that is perfect for start-ups and entrepreneurs. The primary objective behind this is to ensure you are able to conduct business in Nevada without having to rent expensive commercial space. This is a Corporate Office Program that provides you with a virtual address in Nevada where you can receive all your important mail and also use the co-shared working area and conference room to fulfill any business requirement. This virtual office will be the link between your LLC or corporation and the state of Nevada.

Mail Forwarding Service & How it Works?

Nevada Mail Forwarding Service
One of the reasons why most new businesses opt for a virtual office is because it provides a physical address, which enables mail forwarding in Nevada. Mail forwarding is a service with requirements varying from one business to another. The reason why businesses choose to forward mail is to ensure they never lose any of their important correspondence especially when they are traveling or based out of the state. Once you choose a reliable mail forwarding service like the one offered by IncParadise, it works in 5 stages:

  • Stage#1: Receive all your mail at a single location or our mail delivery center
  • Stage#2: You will be notified directly on your email as well as the mail forwarding app if you are using it
  • Stage#3: All your mails will be sorted
  • Stage#4: If you have requested for scans of a specific mail then the envelope will be opened, the content will be scanned, and a digital copy made.
  • Stage#5: The digital copy of your mail will then be sent to your email or the mail forwarding Nevada app. The digital copy can also be uploaded on cloud storage like Google Drive.

IncParadise Mail Forwarding App

In this age of the internet where there is an app for almost everything then why not a mail forwarding in Nevada App? At IncParadise, we believe that our customers should derive maximum benefits from our virtual office and mail forwarding programs. Hence, we have created an application for both Android and iOS devices. The app functions as the link between the mail delivery center and you. Every time your mail is received at the center; you will receive a notification on the app.

Our mail forwarding in Nevada app can be used for ordering other services or making specific requests. If at any given point in time, you want to change the schedule of mail delivery from monthly to weekly, you can do it using the app. You can even request scanning services for specific letters or documents.

Mail Forwarding Services for all your Business Needs!

Benefits of using virtual mailbox for your Wyoming Business

Date: | Category: | Author: developers

BENEFITS OF USING VIRTUAL MAILBOX FOR YOUR WYOMING BUSINESS

A start-up in Wyoming is definitely a great decision especially because the state is known for its pro-business environment. Most entrepreneurs believe that starting a business is not easy and there are so many considerations that need to be made especially when it comes to cutting down start-up costs. One of the ways to cut down costs and yet operate a business is by owning a virtual office or a virtual mailbox in Wyoming. A virtual office fulfills the need for a business address and also provides the flexibility to an entrepreneur to work from anywhere.

An Introduction to Wyoming for Businesses

Whether you are planning to rent commercial space or own a virtual office, with Wyoming mail forwarding; the state offers several benefits to small businesses. In fact, the Cowboy State is considered as one of the best states for new businesses. It is ranked #1 in the State Business Tax Climate Index by Tax Foundation and this is largely due to the fact that the state doesn’t have any corporate or individual income tax. The real GDP of Wyoming in 2018 was $38.37 billion and according to Forbes, the state offers a strong regulatory environment as well as economic climate.

Why is Wyoming the best state to start a business?

The Cowboy State is home to over 65,000 small businesses and these vary from home based start-ups to partnership firms and from LLC to business corporations. Small businesses have always played an integral role in the state’s economy and today there is a new legion of entrepreneurs that are helping drive the economy. The entrepreneurs today are opting to work from their virtual offices as it provides them with privacy, flexibility, and Wyoming mail forwarding services. The Kauffman Indicators of Entrepreneurship research study revealed that 88.28 percent entrepreneurs in Wyoming created their business out of choice and not out of necessity. One of the primary driving forces behind the rise of the entrepreneurs in the state is the various benefits offered to start-ups. Some of the benefits include:

  • Good tax climate: There are more and more start-ups opting for virtual offices to benefit from virtual mailbox Wyoming services but more than that, it is the tax climate that makes the final impression. Some of the tax benefits that your start-up will enjoy include:
    • There is no personal incomes tax for entrepreneurs
    • Small businesses don’t have to pay corporate income tax
    • There is no inventory tax in the state
    • You will not be required to pay any franchise tax
    • You will not be required to pay any value-added tax
    • You will not be required to pay any occupation tax
  • Start-up Wyoming Services: There are a range of services, programs, and resources offered by the Wyoming Business Council to help build the entrepreneurial ecosystem of the state. The most popular among these are the Small Business Innovation Research (SBIR) or Small Business Technology Transfer programs. The objective of these programs is to provide necessary aid in the form of grants or contracts to small businesses, so that they can conduct research and development (R&D). A virtual mailbox in Wyoming service offered by providers like IncParadise can also play a very important role in minimizing overall startup cost.
  • Finance and Grants: Different start-ups have different requirements and Wyoming believes that a small business should not suffer a setback for the lack of finance. There are several loan programs in place that can help small businesses acquire the necessary capital. Some of the loan programs include Community Development Block Grant (CDBG) Program, Small Business Investment Credit Program, Wyoming Partnership Challenge Loan Program, and Kickstart-Wyoming Grant Program among others.

Virtual Mailbox for Wyoming Business

If you are an entrepreneur then Wyoming is just the perfect destination. The Cowboy State offers a pro-business environment and the overall cost of doing business is lower than most of the other states. You can even opt for a virtual office as this will provide you with a street address so that you can work from anywhere and yet enjoy the benefits of Wyoming mail forwarding and state based incentive programs targeted at new businesses.

Why use Virtual Mailbox for your Wyoming business?

The internet has never been more interesting than ever before especially because there are more online businesses vying for an inch of this virtual space. Even with the increasing markets online, a virtual mailbox in Wyoming is one of the most sought after services simply because it provides several benefits especially to start-ups and entrepreneurs. The internet is just the right place for those who believe in a “work from anywhere” lifestyle and this is one of the driving forces behind the increasing popularity for virtual offices. There are several other reasons why Wyoming businesses are opting for virtual mailboxes and some of them are:

  • Lower initial cost of setting up a business
  • A street address at a prominent location
  • Benefit from mail forwarding
  • Work flexibility
  • Privacy and Security
  • Balance of work and personal life

Advantages of using Virtual Mailbox and Mail Forwarding

A virtual mailbox in Wyoming is an integral part of a new age service called the “virtual office”. Although many business owners think that virtual may relate to the internet, that is not the case. In fact, a virtual office is more like an office space at a prominent location where you can receive all your business and personal mail. These services are attracting business owners and entrepreneurs who work from home, or while traveling across the world, or are based in another country. You are probably wondering how the virtual mail center service can help you or your business and the best way to know that is by looking at the following advantages.

  • Provides a Professional Image: One of the salient advantages of using a virtual mailbox in Wyoming service is that you will be allotted a proper street address in one of the prominent locations in the state. Even if you are working from home or “on the go”, this street address helps in building a professional image and creates a good first impression with prospective clients and customers.
  • Protects Your Privacy: Most business owners working from home or entrepreneurs working from another state don’t want their locations to be disclosed as they may be burdened by junk mail and customer feedback & queries. The virtual mailbox in Wyoming service protects your privacy by providing an alternate address where you can receive all your business as well as personal mail. Apart from this, once you register your business with the Wyoming Secretary of State, the address will be made public. In such a scenario, it is better to register with a virtual address as compared to your home address.
  • Mail Forwarding Services: Every business receives mail and this could vary from important business documents from the state and clients to sensitive information forwarded by your bank or a financial institution. A reputable Wyoming mail forwarding service like IncParadise ensures that all your important mail and documents are received securely at the address allotted to you. The mail forwarding services also helps in minimizing the risk of documents and mail getting misplaced, lost, or stolen.
  • Access to Other Services: Depending on the Wyoming mail forwarding service you choose, there will be a host of sub-services that you can choose from. One of the quite common is mail scanning and cloud storage. You can request for specific mail to be scanned and uploaded to your cloud storage. This is quite useful especially if you require a specific document at a future date. In the normal scenario, most mail and documents are shredded after they are read and if you require a document after a month, it will not be available. The mail scanning service ensures you always have a digital copy of the mail or document in your cloud storage.
  • Streamlining work flow: One of the key advantages of a virtual office with a Wyoming mail forwarding service is that it will help in streamlining business related administrative tasks especially those related to snail mail delivery and sorting. All the correspondence that is received at the digital mail center will be sorted out by an experienced team of administrative staff.

Increase business efficiency using our Wyoming Virtual Mailbox

Wyoming Virtual Mailbox & Mail Forwarding Service

The state of Wyoming is considered one of the best states for start-ups as it provides the right platform for innovations and ample opportunities for small businesses to grow. One of the primary requirements for setting up your business in the Cowboy State is having a proper office address and not a P.O. Box. Whether you are an entrepreneur working from home or a small business owner working while traveling, a street address will project the right brand image. At the same time, you may not be ready to own a commercial space in Wyoming. Is there a way to have a business address without having a brick and mortar office? The IncParadise virtual office and Wyoming mail forwarding service can provide just the perfect solution for you.

Why choose IncParadise Wyoming Virtual Mailbox service?

IncParadise, a reputable Wyoming mail forwarding service provider and one of the top registered agents in the state offers a virtual office and mailbox service intended to help small businesses. We believe that every business is different and hence their requirements are also different. Hence, we have created a Corporate Office Program that offers easy accessibility, high flexibility, and is budget friendly. As a part of this program:

  • You will never lose any important mail whether you are based in Wyoming or traveling
  • Your mail will be received at our digital mail center where it will be sorted and scanned
  • You will get a proper physical address at a prominent location in Wyoming thus increasing business credibility
  • You can use the IncParadise virtual mailbox in Wyoming service for scanning of any important mail
  • You can use the street address in all your business related documents including business registration and incorporation documents
  • The virtual mailbox in Wyoming service will provide you access to a shared working area and conference room

Wyoming Mail Forwarding service & How it works

One of the primary requirements for businesses as stated by the Wyoming Secretary of State is to have a physical address where state documents can be sent to. If you are an entrepreneur or a small business owner, the initial cost of owning office space can be expensive. In such a scenario, opting for a virtual office with Wyoming mail forwarding services can help you save on the initial cost of setting up your business in the state. Simultaneously, you will also be able to provide an actual street address to fulfill the requirements of the Secretary of State.

The virtual mailbox in Wyoming services make it easier to handle your mail while ensuring there is always a digital copy that you can access. The service process of a reliable mail forwarding provider like IncParadise works in the following steps:

Wyoming Mail Forwarding

  • Step#1: When you opt for the virtual mailbox Wyoming service, you will be provided with an address in a prime location in the state
  • Step#2: All your business and personal mail will be received at this address
  • Step#3: You will be notified of all mail received through email and and if you are using our mail forwarding app then you will also receive a notification here every time a mail is received.
  • Step#4: All your mails will be sorted.
  • Step#5: If you request for scans of specific correspondence then the envelope will be opened, the content will be scanned, and a digital copy will be made.
  • Step#6: We will email the digital copy of your mail. You will also be able to access it using the IncParadise Wyoming mail forwarding app. We can also upload the digital copy on cloud storage like your Google Drive account.

IncParadise Mail forwarding App

You are probably wondering why IncParadise created an application for mail forwarding services. This is the internet age and most entrepreneurs are working online and hence, quick access to mail and reply to customers is crucial for businesses to sustain long-term. This is the methodology and idea behind the IncParadise App – to provide you with quick access to your mail anytime, anywhere. Some of the salient highlights of this app are:

  • The virtual mailbox app works with both Android and iOS devices
  • Whenever a mail is received at the digital mail center, there will be a notification on this app
  • The app makes services more personal and provides privacy as each business or customer has their separate account
  • You can use this app to request other Wyoming mail forwarding related services like putting your mails on hold, changing the schedule of mail delivery, changing the mailing address etc.
  • You can use this app to order services like request for scanning of specific mail and uploading to your online cloud storage account

Use Our Virtual Office Services for Mail Forwarding in Wyoming

Business Entity Conversion in Nevada

Date: 01/13/2020 | Category: | Author: developers

BUSINESS ENTITY CONVERSION IN NEVADA

There are different types of businesses that can be formed in the state of Nevada and each form of business has its own advantages as well as tax benefits. Now, the question if you want to change the type of business from say, an LLC to Corporation, is such an entity conversion Nevada possible?

What is Business Entity Conversion in Nevada?

An entity conversion in Nevada is a process that allows a specific form of business entity to change its jurisdiction or state of formation or incorporation as well as the type of entity it currently is. Let’s look at an example to understand what conversion is:

  • If the existing business entity is a Nevada LLC and you want to convert it into a corporation then that is possible in this state.
  • If the existing business entity is a foreign LLC or a corporation and you want to change it to a Nevada LLC or corporation then entity conversion in Nevada for a foreign entity will also be possible if the jurisdiction in the state of formation has a reciprocal statute that allows the conversion process to take place.

It is important to know that if you convert LLC to corporation in Nevada or vice versa then you are not required to dissolve the existing entity. Instead, this conversion to another form of business entity will be seen and accepted as a continuation of the entity undergoing conversion.

Types of conversion

The merger, conversion, exchanges and domestication of business entities in the state of Nevada is governed by Chapter 92A of the 2017 Nevada Revised Statutes. Entity conversion Nevada can be categorized under three specific types.

Statutory Conversion

This is a new and streamlined process of conversion available to business entities in Nevada. Statutory conversion in Nevada allows you to convert your existing business entity to a new form of business entity like LLC to corporation or vice versa. The rules for statutory conversion vary from one state to another.

Statutory Merger

The process of statutory merger to convert corp to an LLC in Nevada or vice versa is more complicated as compared to the process of statutory conversion. This method is opted for by foreign business entities where the original jurisdiction or state of entity formation does not allow statutory conversions.

Non-statutory Conversion

This is considered to be one of the most expensive and complicated process of conversion. If you were to convert an LLC to a corporation in Nevada using this process then you will have to form a new business entity first and then transfer the assets and liabilities of your existing company into the new company.

Converting Nevada Corporation to Nevada LLC

If you are planning to convert a corporation to an LLC in Nevada, what is the process? In order to help you understand the process, we have created a brief reference guide of this conversion. In the state of Nevada, a statutory conversion is governed by Nevada Revised Statutes § 92A.105 (2017). According to the statutes, one domestic business entity like a Nevada Corporation can convert into a different type of domestic entity like an LLC if a plan of conversion is approved.

The steps to convert a corporation to an LLC in Nevada are:

  1. Create a plan of conversion in writing
  2. The plan of conversion must contain the following information:
    • Name of the existing business entity (corporation) and the proposed name for the converted entity (LLC)
    • Jurisdiction of the law that governs the existing business entity (corporation)
    • Jurisdiction of the law that will govern the converted entity (LLC)
    • In order to convert a corporation to an LLC in Nevada, all terms and conditions pertaining to the conversion needs to be provided
    • Manner and basis, if there are any, of converting the owner’s interest in the existing entity into the owner’s interests and other securities in the converted entity
    • A full text of the charter documents of the converted entity or Limited Liability Company
  3. The directors of the said corporation need to approve this conversion to a limited-liability company
  4. The directors have to recommend the approval of this entity conversion in Nevada as well as the plan to the respective stockholders
  5. You need to earn a majority of votes from stockholders approving this conversion
  6. Upon approval of the plan, you will be required to file “articles of conversion” with the Nevada Secretary of state pursuant to NV Rev Stat § 92A.205 (2017).
  7. The plan of conversion should be attached with the articles and submitted along with the filing fee.
  8. You will also have to submit Articles of Organization to convert corp to an LLC in Nevada.

Once the conversion is approved by the state, you will be required to complete documentation necessary for forming the Limited Liability Company like submitted initial list, operating agreement etc.

NOTE: You will require social security number (SSN) or employer identification number (EIN) for filing all federal income tax for Nevada LLC.

Converting Nevada LLC to S Corporation

The most common reason to convert an LLC to an S Corporation is because of the tax benefits. If you are an owner of an LLC and are wondering how to convert an LLC to a corporation in Nevada then here is a brief reference guide that will provide you with an insight into the process.

The steps to convert an LLC into S Corporation in Nevada are:

  1. Create a plan of conversion in writing, which should include the following:
    • Name of the existing business entity (corporation) and the proposed name for the converted entity (LLC)
    • Jurisdiction of the law that governs the existing business entity (corporation)
    • Jurisdiction of the law that will govern the converted entity (LLC)
    • In order to convert a corporation to an LLC in Nevada, all terms and conditions pertaining to the conversion needs to be provided
    • Manner and basis, if there are any, of converting the owner’s interest in the existing entity into the owner’s interests and other securities in the converted entity
    • A full text of the charter documents of the converted entity or Limited Liability Company
  2. The members of the existing LLC need to approve the conversion to an S Corporation
  3. There has to be a conversion vote. According to Nevada laws, a majority of members or owners of the LLC have to agree to the business entity conversion in Nevada
  4. Upon approval of the plan, you will be required to file “articles of conversion” with the Nevada Secretary of state pursuant to NV Rev Stat § 92A.205 (2017).
  5. Upon approval of the plan, you will be required to file “articles of conversion” with the Nevada Secretary of state pursuant to NV Rev Stat § 92A.205 (2017).
  6. The plan of conversion should be attached with the articles and submitted along with the filing fee

NOTE: After you convert LLC to corp in Nevada, it is important to adjust the newly converted entity’s tax designation by the IRS.

Moving your business from another state to Nevada

Due to attractive business incentives and no corporate or personal tax, many entrepreneurs and small businesses like to locate or establish their business in Nevada. The question is how do you move your existing business to Nevada especially if your current jurisdiction doesn’t allow entity conversion in Nevada?

According to the Nevada Revised Statutes, there are three options for moving your business from another state and they are:

  • Dissolve home business entity and establish a new business: You can move your business instead of entity conversion Nevada by simply dissolving your existing business in the state of formation and apply for a new business. Example: If you have an LLC or Corporation in New York then you will need to dissolve it and then apply for a new business in Nevada.
  • Domesticate: If the current state or jurisdiction doesn’t allow entity conversion in Nevada then domestication would be the best possible option. Domestication is another statutory process through which a foreign business entity is allowed to become a domestic business entity in Nevada.
  • Foreign Registration: You can also move your business to Nevada by registering it as a foreign entity. You will be required to apply for Qualification to do business in Nevada.

NEED HELP MOVING YOUR BUSINESS TO NEVADA?