By popular demand, here is the checklist for starting a company in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. Every entity doing business in the state of Nevada needs a state business license, then you'll get a regional license from the City of Las Vegas, Henderson, the City of North Las Vegas, Stone City, or Clark County depending on where your organisation is in fact locateded.
1. Select a service name.
Start with my short article Naming Your Company or my video on the topic. Stepping on another business's toes in calling your organisation can have major and costly consequences.
2. Figure out your business address.
Whether you utilize your house address, a virtual workplace, or a real workplace, you'll need an organisation address for practically all the documents you complete to open your company. It's a lot easier to have this address from the start than to change it down the roadway. The Nevada Secretary of State alone charges $175 for an address change, not to discuss the paperwork involved.
You can have a different mailing address for a lot of applications, which comes in handy if you desire to use a PO box or your home address, but the organisation address is exactly what will be public record, so select carefully.
Many organisations in some way get away with a box at a mail store as their business address. Be warned that the city licensing bureaus do not like to accredit services that just hang their licenses in a mail store and some jurisdictions do not enable it at all.
3. Type your entity and get your state business license.
You need to seek advice from with a lawyer as to the best option of entity for your service, but here are the basics. You submit the files to form your entity, whether it's an LLC, a corporation, or a restricted partnership, with the Nevada Secretary of State's workplace.
You definitely can obtain a business license as a sole owner, however without a separate entity, you will personally be on the hook for all of business' obligations and financial obligations. Preserving an entity costs a few hundred dollars a year, but the comfort is well worth the cost.
You can go the paper route, but the Nevada Secretary of State has a fancy-schmancy brand-new online portal called SilverFlume where you can file all your files online. You'll submit Articles of Organization (LLC), Articles of Incorporation (corporation) or Certificate of Limited Collaboration, then your Preliminary List of Managers/Members/Officers/ Partners and you'll get your state company license. In just a couple of minutes, you can establish an entity in Nevada.
There are a few exemptions to the state organisation license requirement, however as long as you're an entity, you'll have to cough up the $200. If you're a not-for-profit, a motion picture business, a specific type of insurance provider, or a governmental entity, you can obtain an exemption but you need to mail in the type.
4. Get an EIN number.
The EIN number is like a social security number for your service. With rampant identity theft issues, it isn't really wise to utilize your social security number for your service, which is what you have to do if you do not have an EIN. It's simply a letter confirming your EIN and asking if you desire to be dealt with as a different type of entity for tax functions, like a subchapter S-corporation.
5. Register with the Nevada Department of Tax.
To apply for an organisation license, you should provide evidence that you're registered with the Nevada Department of Taxation. You need to request a tax authorization, either a sales tax license or a consumer usage tax license. If you're selling concrete products, you'll require a sales tax license. You'll need an usage tax permit if you aren't. With an usage tax license, if you buy items for usage in your business (like workplace supplies or devices) without paying tax when you buy them, you'll need to determine the tax you would have paid had you bought the products in Nevada and remit that total up to the state. The Taxpayer Information Package contains all the details you have to get going.
6. Do you require a fictitious firm name?
A fictitious company name, or a DBA, is required if you're doing business in a name besides the one registered with the Secretary of State. If you're ABC, LLC but the name of your business is Adam's Weight Training and Cake Pastry shop, you'll need to submit a fictitious name type with Clark County. Whenever you're asked for the name of your company on a main form, like an agreement, you'll want to note it as "ABC, LLC dba Adam's Weight Training and Cake Bakery." Be sure you use the full legal name of your entity in all your agreements. DBAs aren't themselves entities so they can't participate in and implement contracts.
If you've followed my blog site at all and are STILL operating as a sole owner (smacking you on the hand), you can be "Adam Charlie dba Adam's Weightlifting and Cake Bakeshop."
7. Use for your city company licenses.
Signing up with the tax department can be challenging, and so can getting city organisation licenses. The City of North Las Vegas doesn't currently publish company license applications online. Rather, you must request an application for your particular business online.
What if you're in the City of Las Vegas? The lines that separate the City of Las Vegas from Clark County aren't anything close to straight and make no businesses in las vegas rational sense. The Jurisdiction field will reveal you whether you need a license from the City of Las Vegas or Clark County.
What if your service is mobile? If you're a plumbing professional, carpet cleaner, mobile detailer or other business that services the whole valley, you'll require a license from every jurisdiction in which you plan to do company. Anytime you are physically in another jurisdiction and accept payment for your items or services, you are doing company.
Have a house based organisation? Many jurisdictions will need you to submit a Home Occupation License which needs you to acknowledge that you're either the owner of the home or someone permitted to do business there. Because domestic zoning is, well, property, you'll have to promise that you will not develop a traffic jam having people park in front of your house and you will not start hanging neon signs outside your front door marketing your service. Your next-door neighbors would NOT enjoy. Be sure to inspect your CC&R s to make sure you can note your house address as a business if you live in a property owner's association.
The expense of your business license varies with the jurisdiction and the type of service it is. Some organisations even require background checks and those licenses are usually much more costly.
Always remember that it's your entity that's looking for business license, not you as an individual. It's ABC, LLC using for the license, not Adam Charlie. It's crucial that you remain consistent with your company name. When listing your company name, don't get lazy and leave off the LLC. On ALL authorities files, you need to note the entire name of your company, INCLUDING the entity. The entity belongs to the main name of your organisation. Be sure you use it, otherwise you will create a snafu across companies that is a genuine task to untangle.