how to incorporate in nevada

Choose a Corporate Structure

• Incorporating means forming a corporation, a state legal entity

• Nevada offers a number of for-profit structures. This guide focuses on Business Corporations only.

• C-Corp and S-Corp are tax classifications, not structures

Check Name Availability• Do a name search through the Nevada Secretary

of State’s database• Your name cannot conflict with an existing one

Appoint a Registered Agent• Corporations must appoint a registered agent

in the state of Nevada• The agent receives notice of lawsuit and legal /

government notices• Can be an individual with an address in the

state (not P.O. Box) or a commercial agent.

File Articles of Incorporation• Form 668: Domestic (Nevada) Articles of

Incorporation• Fee: $75 (less than $75,000 valuation) + $125

option expedite fee• Mail to Nevada Secretary of State or file online• Turnaround: 1 week by mail, 24 hours if expedited

Initial List of Officers & Directors

• Nevada requires corporations to file an annual list of officers report

• Initial/Annual List of Officers and Directors – For-Profit Corporation

• Fee is $75 for less than $75,000 valuation• File by mail or online

Bylaws and Records

• Keep your articles, affidavits, and other important documents

• Draft bylaws for the organization • Record kit & templates save time!

Appoint Initial Directors

• These directors serve on the board until the annual meeting of shareholders

• Appointed by incorporator• Documented in corporate records

Hold Organizational Meeting

• Consists of incorporators and/or initial directors• Keep minutes of this meeting• Appoint officers (e.g. President, Secretary,

Treasurer)

Issue Stock Certificates

• Owners may be issued stock certificates as proof of ownership

• Secretary’s stock ledger records issued stock• Stock certificates included in Records Kit

Obtain EIN

• Federal Employer Identification Number• Required for corporations• File Form SS-4 with IRS by mail, fax, or online

Obtain NV Tax IDs

• Form APP-01.00 – Nevada Business Registration• Fee: $0• Mail to Nevada Department of Taxation• Include Supplemental Registration Form

Consider S-Corp Election

• By default, the corporation is taxed as a C-Corp• Consider S-Corp for tax savings as a small

business• Fee: $0• File IRS Form 2553

Obtain Applicable Licenses

• To run your business legally, you may need a host of local, state, or federal licenses and permits

• Search your requirements on SBA.gov

Ongoing Activities

• File Nevada Annual List of Officers Report with Dept of State

• Board meetings• Annual shareholder meeting• Maintain a registered agent• Update the government with address change

For More Info:

• How to Incorporate in Nevada• Email: info [AT] HarborCompliance [DOT] com

• Starting an LLC?

The information contained in this presentation is not legal, financial, or tax advice. Harbor Compliance is not a legal or accounting firm.

Copyright Harbor Business Compliance Corporation 2014