Form a Nevada Corporation
Nevada incorporation has never been easier. With the NV corporation formation specialists at LawInc, we set up your Nevada corporation the right way. Please feel free to call us, anytime, with any questions. Incorporate in Nevada today.
Incorporating a Nevada corporation can be critical to businesses based of Nevada. Most importantly, it must be done correctly so you are afforded full protection. At LawInc, we prepare your Nevada corporation Articles of Incorporation, bylaws, stock certificates, stock ledger and more. We can also obtain your Nevada corporation Tax ID number and file your Nevada S corporation election with the IRS.
Nevada Incorporation Information
The following information will be useful when deciding to incorporate in Nevada.
Nevada Corporation Name
The first step in registering a Nevada corporation is selecting the business name. Nevada corporation names:
- No corporate indicator is required.
- 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 or words such as “Incorporated,” “Limited,” “Inc.,” “Ltd.,” “Company,” “Co.,” “Corporation,” “Corp.,” or other word which identifies it as not being a natural person.
- Must be distinguishable upon the records of the Nevada Secretary of State from any other formally organized entity registered with the Nevada Secretary of State’s office, such as corporations, limited liability companies, limited partnerships, and limited liability partnerships.
An available Nevada corporation name may be reserved with the Nevada Secretary of State for a 120 day period.
LawInc.com permits you to choose up to three names and will conduct a name search for your Nevada corporation, prior to filing. Create a Nevada corporation with confidence that your Nevada corporation name is available.
Nevada Corporation Formation
Nevada Filing Procedure: To incorporate in Nevada, you must file Nevada Articles of Incorporation with the Nevada Secretary of State.
Nevada Corporation Articles of Incorporation: The Nevada Articles of Incorporation should include:
- Name of the Nevada corporation.
- Name and address of Nevada registered agent.
- Number of authorized shares and par value of the Nevada corporation
- Names and addresses of the board of directors.
- Purpose of the Nevada corporation.
- Name and address of the incorporator.
Nevada Filing Fee:
|AUTHORIZED SHARES||FILING FEE|
|Not exceeding 75,000||$75|
|Exceeding 75,000 but not exceeding 200,000||$175|
|Exceeding 200,001 but not exceeding 500,000||$275|
|Exceeding 500,001 but not exceeding 1,000,000||$375|
|Exceeding 1,000,000||$375, for first $1,000,000 and $275, for each additional $500,000 or fraction thereof – with a maximum fee of $35,000|
Nevada Corporation Incorporator: Minimum number of incorporators is one (1) (a natural person over 18 years of age) and there is no requirement that the incorporator be a resident of Nevada.
Nevada Corporation Directors: The minimum number of Nevada directors is one (1).
Nevada Corporation 1244 Stock: Election to have stock classified as IRC Section 1244 stock allows for a substantially larger application of the deduction from business losses to ordinary income than regular stock. With regular stock, you can only offset $3,000 against ordinary income. With the issuance of Section 1244 Stock, the corporation can claim an ordinary loss deduction of as much $100,000.
Nevada Registered Agent: When you incorporate in Nevada, a Nevada corporation must maintain a registered agent and office to receive service of process in Nevada. The Nevada registered agent should be available, at a Nevada physical address, during normal business hours to accept important legal and tax documents on behalf of the Nevada corporation. The registered agent can either be (1) an individual with a physical Nevada address or (2) a corporation authorized to serve as registered agent.
Nevada Corporation Post-Filing Requirements
Nevada Corporation Initial Report: All Nevada corporations must file Initial List of Officers, Directors and Registered Agent. The filing fee is $125. It must be filed on or before the last day of the first month after the filing of articles of incorporation, and annually thereafter. To file online, visit https://nvsos.gov/SOSWebAccountManager/login.aspx.
Nevada Business License: $200 Business License fee (due at the time an Initial List of Officers or Annual List of Officers is due). Must be renewed annually. To file online, visit https://nvsos.gov/SOSWebAccountManager/login.aspx.
Nevada Corporation Annual Report: Nevada corporations are required to file an Annual List of Officers. Then the Annual List is due by the end of your anniversary month each year. To file online, visit https://nvsos.gov/SOSWebAccountManager/login.aspx.
Nevada Corporate Minutes: Nevada corporations should hold and document annual shareholder and director meetings.
Nevada Corporation Taxes
Nevada Corporation Taxes: Nevada does not collect state income tax.
Nevada C Corporation: When incorporating in Nevada, all Nevada corporations formed by default are “C” corporations. A Nevada C corporation is a Nevada corporation that has not made an election to be an “S” corporation. The term C corporation is specifically used because the entity is taxed under subsection C of the IRS code. Nevada C corporations are taxed at two levels (“double taxation”). This means that the corporation itself pays its own tax when it makes money (the first tax). The owners or shareholders are then taxed again when they are paid a salary or dividend by the corporation (the second tax). Despite double taxation, Nevada C corporations offer many planning and benefit opportunities.
Nevada S Corporation: A Nevada S corporation is a corporation that has made an election with the IRS to be treated for tax purposes as a “pass-through entity.” This means that corporate profits and losses are passed through to the shareholders (owners) who report them on their own personal tax returns and pay the tax at the individual level. The corporation pays no federal income tax at the corporate level. Nevada S corporations are not subject to the double taxation C corporations encounter.
These are the 3 main advantages of forming a Nevada S corporation:
- No double taxation: One of the main advantages of Nevada S corporation status is that it avoids the double taxation that occurs with a regular Nevada C corporation. In a Nevada C corporation, the corporation pays income tax on its profits and, if those profits are distributed to shareholders, the shareholders pay income tax on the distribution.
- Loss deductions: The availability of losses. Shareholders of a Nevada S corporation generally may deduct their share of the corporation’s net operating loss on their individual tax returns in the year the loss occurs. Losses of a Nevada C corporation, however, may offset only the corporation’s earnings.
- Self-employment tax savings: By electing S corporation status, only the earnings actually paid out to you as salary are subject to payroll taxes; money left in the business is not subject to payroll taxes or self-employment tax. All income passes through, but its tax status depends on whether it is classified as salary or ordinary income.
Federal Tax Identification Number/Employer Identification Number (EIN): The Federal Tax Identification Number, also known as the Employer Identification Number (EIN) is a number that is assigned to a business by the Internal Revenue Service. An EIN is like a Social Security Number for a business. It is a requisite for certain business functions such as opening bank accounts or hiring employees. When incorporating in Nevada, Nevada corporations should obtain an EIN.
Nevada Incorporation Summary
Nevada Corporation Conclusion: Please contact us 24/7 with any questions regarding forming a Nevada corporation.