Nevada Corporations - Nevada Incorporation - 1-888-273-8152

Nevada Q&A

 

 

Q: What if I don’t want to relocate to Nevada can I still take advantage of the benefits?

A: Yes, you can still incorporate in Nevada and live somewhere else. In 2006, 59,801 new companies were formed in Nevada and 60% of those business owners do not live in the state.

 In most cases, you will have to qualify your Nevada company to do business in another state if your Nevada company will be doing business in another state. You can still take advantage of the regulatory climate that Nevada offers. See our Nevada Strategy to learn how.

Q: Do I have to have an office in Nevada?

A: When you establish a business in Nevada the Nevada Headquarters Program offers a legal residence for your Nevada Corporation, complete with your own business address, distinct phone number answered by a live operator, business license, and contract employees. Everything you need to prove you are meeting the litmus test of an operating business in Nevada.

Q: When is Nevada right for me? 

A: This question is hard to answer in a few lines but it really comes down to “what are your ultimate business goals?” By forming a corporation in a pro-business state such as Nevada, you are setting yourself up to take advantage of added laws and regulations that will protect you and your business.

Q: Why are the fees for forming a Nevada Corporation so different between incorporators?

  
A: There are a lot of companies that will form a Nevada Corporation for “cheap” but as the old saying goes “you get what you pay for.” What they don’t tell you is that you still need to pay all the state fees, resident agent fee and pay for a corporate record book.  If you aren’t prepared at this time to pay to have it done right then you might want to consider holding off until you are ready. Spend the time to do your homework and understand what you are getting into.

Q: What is the yearly cost of a Nevada Corporation?

A: Compared to most other states, the annual fees to maintain your Nevada corporation in good standing are quite nominal. The state requires every Corporation to file a List of Officers each year. A fee of $85 must accompany the filing.
You must designate a person who resides in Nevada to serve as your Registered Agent. If you purchased your corporation from Laughlin, this service is free for the first year. After that the fee is only $135 per year. When Laughlin serves as your Nevada Registered Agent, you are notified each year when the annual filing is due and the necessary forms are sent to you.

Q: What do I have to file with the State of Nevada?

A: The only requirements to maintain your corporation in good standing in Nevada are:

  1. Each year, on the anniversary date of your incorporation, you must file a simple one-page List of Officers and Directors containing their name.
  2. File your annual business license form.
  3. Maintain a Registered Agent.

That's it! That's the entire annual reporting and disclosure requirement! Again, you can see why it pays to incorporate in Nevada.

Q: Can I have a bank account in my home state with a Nevada corporation?

A: Yes, you may, but a word of caution is appropriate. If you do not intend to engage in activity that would constitute "doing business" in your home state with your Nevada Corporation, you should be careful as to how your Nevada Corporation's home state bank account is used.

Q: What do I get when I purchase a Nevada Corporation from Laughlin?

A: When you purchase a corporation from Laughlin, you get:

  • Unlimited consultations - We know you’ll need ongoing assistance with your Corporation structure and we invite you to call 1-888-273-8152 at anytime.
  • Your complete Gold Seal Corporate Package in a rich black leatherette self-contained, secure case type Corporate Record Book
  • Custom-tooled metal engraved corporate hand-press seal and embossed pouch
  • Official certificates of incorporation from the Nevada Secretary of State
  • Certified copy of Articles of Incorporation
  • Minutes of your first directors' meeting which will organize and activate the corporation
  • 25 custom, high quality stock certificates
  • Complete corporate bylaws
  • Stock Register and Transfer section
  • Dividend Ledger and Shareholder Ledger
  • Journal and General Ledger
  • Guidelines and Forms section
  • Resolutions forms for you to properly authorize the issuance of stock
  • Section of suggestions, reminders, and concepts that can be of benefit to the corporation
  • Application of Form SS-4 for your corporation's Federal Employer Identification Number with complete instructions
  • Forms and instructions to elect S-corporation status with the IRS, if you desire to do so
  • Exclusive Owner's Manual with instructions on how to organize and administer your corporation
Q: Can I use a Nevada Corporation in my own state?

A: Yes, your Nevada corporation may have to qualify to do business in your home state. This means you will have to register and in most cases pay a registration fee.  You will also need to appoint a registered agent in your home state.

Q: Do I need to live in Nevada to have a Nevada Corporation?

A: No. Not only is it possible to live anywhere while you own and operate a Nevada Corporation, you can hold Shareholder and Director Meetings anywhere in the world.

Q: Does the Corporation come with a federal tax I.D. number?

A: No. The Laughlin Complete Corporation Kit includes the SS-4 form and instructions. You can obtain this number over the telephone or on-line.

Q:  Do we have to hold meetings in Nevada?

A: No. You may hold your Nevada Corporation’s meeting anywhere in the world. This gives you a legitimate business deduction tax write-off for a very nice vacation.

Q:  Can a non-citizen own stock?

A: Yes. Anyone may own shares of a Nevada corporation. There is a prohibition of foreign citizens owning share of an "S" corporation. This may not be a big problem. The benefits of an "S" corporation can be gained with a Limited Liability Company or the corporation could be made to earn only a minimum income, thus minimal tax due.

Q: How can I take advantage of tax savings in Nevada, when I live in my home state?

A: Depending on what type of business that is being conducted, it may be to your advantage to incorporate your operating business in Nevada. However, in most cases it could be necessary to incorporate your operating business in your home state and use a Nevada Corporation, in conjunction with that home state corporation. Ask us how you can use this dual corporation strategy.

Q: How important is it to maintain my corporate paperwork?

A: It is probably the most important area of maintenance for your corporation. When corporate formalities are not met, it can put your corporation at a very high risk for having its corporate veil pierced, which can reduce or eliminate the personal liability protection you gain from having a corporation.

Q. Where can I get more information about business in Nevada? 

A. You’ll find valuable information about small business and economic development in Nevada at the following web sites:

Have more questions? Use our live chat to talk with us online or give us a call at 1-888- 273-8152 for a no obligation consultation.

*All that we do is submitted and performed with the understanding that we are not engaged in rendering legal, accounting or other such professional service.  If legal advice or other expert assistance is required, the services of a professional should be sought. 

BBBOnLine Reliability Seal