Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Nevada incorporation.
Nevada corporations are not required to use name endings such as "Incorporated" or "Inc." A name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name, except with an additional word such as "Incorporated," "Limited," "Inc.," "Ltd.," "Company," "Co.," "Corporation," "Corp." or other word identifying it as not being the name of a natural person. If the name implies banking, trust or insurance powers, prior approval of the banking superintendent or insurance commissioner is needed. The name must not be the same as or deceptively similar to the name of any corporation, limited partnership, limited liability company, foreign corporation, foreign limited partnership or foreign limited liability company. It must also not be the same as or deceptively similar to a name reserved for use of any other proposed corporation unless written consent of the person or other entity the name is reserved for is filed with the Articles of Incorporation. There are a number of words for which usage requires approval by the applicable state department or agency, such as (but not limited to) "Accountant," "Bank," "Brokerage," 'Financial" and "Realtor."
The following are Nevada’s requirements for directors of corporations:
The document required to form a corporation in Nevada is called the Articles of Incorporation. The information required in the formation document varies by state. Nevada's requirements include:
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. Nevada requires the following:
Nevada allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Nevada corporations.
Nevada corporations must keep the following items with their corporate records at the registered agent’s office:
The following are taxation requirements and ongoing fees for Nevada corporations:
In addition to the business license registration required as part of the Initial List and Annual List filings, other business licenses and/or permits may be required. The BizFilings Business License Application Package can help you stay on top of these requirements.
Nevada does not recognize the federal S corporation election because there is no state income tax. For this same reason, Nevada does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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