How To Incorporate In Nevada
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1. Choose a Name for Your Nevada Corporation
Check on Available Names in Nevada: For you to incorporate your small business in the state of Nevada, you need to find a unique name for your corporation. You will need to search online and other records to determine that the name that you have chosen is not being used by another corporation. You can search the online database of registered corporations in the state of Nevada at Nevada Corporation.
Reserve a Corporate Name: It is not a requirement to reserve a name before you file Articles of Incorporation in Nevada. However, if you are not planning to file Articles of Incorporation right away and you want to reserve a particular name until the time that you can file, you can submit a name reservation application to the office of the Nevada Secretary of State. The application form is available to be downloaded or submitted online at Reserve a Nevada Corporation Name. There is a $25.00 fee and the name will be reserved for 90 days.
Filing Trademarks and Doing a Corporate Name Search: You should recognize that a corporation in another state might be using the same name as your corporation, even if the name that you have chosen is available in the state of Nevada. There may be restrictions on your use of the name that you have chosen for your corporation. It is a good idea to consult an attorney to find out what these restrictions are and how you can trademark the name that you have chosen for your corporation.
Nevada Corporate Name Requirements: When you are deciding on a name for your corporation, remember that in the state of Nevada corporate names need to include the word “corporation,” “incorporated,” “limited,” “company” or an abbreviation of one of these words.
2. Find a Registered Agent in Nevada.
You need to have a registered agent for your corporation in order to incorporate your small business in the state of Nevada. Your registered agent will act as an agent for service of process. The registered agent that you indicate in your company’s Articles of Incorporation will receive all legal and tax documents for the corporation. An adult resident of Nevada or a corporation can act as your registered agent, but your corporation cannot act as its own registered agent. To see a list of registered agent services, go to Register a Nevada Corporation.
3. File Articles of Incorporation with the Nevada Secretary of State
Minimum Requirements: You must file Articles of Incorporation with the Nevada Secretary of State in order to incorporate your small business. You can download a form for this document online at File a Nevada Corporation. Your Articles of Incorporation must include the name of your corporation, the name and address of your registered agent for service of process, the number of shares authorized by your corporation, and the name and address of each incorporator and director. You may also include your corporate purpose. All of the incorporators must sign the Articles of Incorporation before you file.
Other Nevada Legal Provisions: Once you have met the minimum requirements for the Articles of Incorporation, you may choose to include whatever additional articles that may be relevant. It is a good idea to consult an attorney when you are preparing to file Articles of Incorporation so that you can make sure to include the additional legal provisions that are relevant to your corporation.
Where to Submit Form: You should submit the signed Articles of Incorporation document to the office of the Secretary of State, 204 North Carson Street, Suite 4, Carson City, Nevada 89701-4520. You can also file online at Nevada Corporation Set-up.
Filing Fee: The initial filing fee for Articles of Incorporation in Nevada depends on the number of shares authorized by a corporation, starting at $75.00. To see the full fee schedule, see the form packet for Domestic Corporation Filing at Nevada Articles of Incorporation.
4. Create Other Nevada Incorporation Documents (Corporate Kits)
After filing Articles of Incorporation, you will need to take other actions in your corporation, such as appointing officers and directors, adopting corporation bylaws, issuing stock certificates, obtaining a tax ID number, and acquiring a business license. You should also consider creating other types of corporate documents like buy-sell agreements, shareholders agreements that determine when stock can be sold, and documents that describe what will happen in the event that an owner decides to leave the company. These types of corporate documents can be very useful when a corporation has multiple owners. It is a good idea to consult an attorney for help in drafting these documents so that you can be sure to comply with legal requirements. You could also consult one of the various corporate service companies that work with corporations to create these important corporate documents.
5. Qualify Your Nevada Corporation to Do Business in Other States
You will need to qualify your corporation to do business in most other states. If the main office of your corporation is located in another state, you need to qualify your corporation to do business in that state and you most likely will be required to pay taxes in your home state. You can learn about how you can qualify your corporation to do business in other states at Doing Business in other states.
6. Make Annual Filings and Pay Annual Fees and Taxes in Nevada
Nevada also required corporations to file an annual list of Officers, Directors, and Registered Agent, as well as file for a state business license. These are all included on the same form. The annual list fee depends on the number of authorized shares of stock as provided in the Articles of Incorporation, but ranges from $125 to $11,100. The business license fee is $200. The form can be filed either by mail or online through the Secretary of State website: Nevada Corporation Fee
Once registered in the state of Nevada, your corporation will be subject to Nevada state income taxes. You are required to file a corporate income tax form with the state and pay the required taxes every year. You can learn about the corporate tax in Nevada and download tax forms online at the official website of the Nevada Department of Taxation: Nevada Corporate Tax. It is best to have a professional accountant prepare your tax documents. An accountant can help you to avoid mistakes in the preparation of your tax documents that could cost you extra taxes.
You will face many decisions when you are in the process of incorporating your small business. These decisions can be even more complex if your corporation has multiple owners. If you consult an attorney and an accountant during this process you can feel more confident that the paperwork for your corporation is being prepared correctly.
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This site is for informational purposes only and does not constitute legal, financial or tax advise. The information on this site should not be relied upon as an official source of information and should be independently verified.