By popular need, here is the checklist for starting a business in Las Vegas, Henderson, North Las Vegas, Boulder City and Clark County. First, Southern Nevada is a bit wacky in its structure. While it would make sense for there to be 3 levels of business licensing-- state, county, city-- that's not the case here. Every entity doing business in the state of Nevada requires a state organisation 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 upon where your business is actually headquartered.
1. Select a service name.
Start with my short article Calling Your Company or my video on the topic. Ensure no one else has it. Truly, make DARN sure. Stepping on another company's toes in naming your service can have costly and major repercussions. When you have actually selected a name, move on to step 2.
2. Figure out your business address.
Whether you use your home address, a virtual office, or an actual office, you'll need a business address for almost all the documentation you submit to open your organisation. It's a lot easier to have this address from the start than to alter it down the roadway. The Nevada Secretary of State alone charges $175 for an address change, not to mention the paperwork involved.
You can have a separate mailing address for the majority of applications, which is convenient if you desire to utilize a PO box or your house address, however business address is what will be public record, so select carefully.
One final word on a business address. Lots of organisations in some way get away with a box at a mail shop as their company address. Be warned that the city licensing bureaus don't like to accredit organisations that simply hang their licenses in a mail store and some jurisdictions don't allow it at all. Check with your jurisdiction for their guidelines.
3. Type your entity and get your state company license.
You ought to speak with an attorney regarding the finest option of entity for your company, 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 office.
You definitely can get a service license as a sole proprietor, but without a different entity, you will personally be on the hook for all business' financial obligations and responsibilities. Keeping an entity costs a couple of hundred dollars a year, but the peace of mind is well worth the rate.
You can go the paper path, but the Nevada Secretary of State has a fancy-schmancy new online website called SilverFlume where you can submit all your documents online. You'll file Articles of Company (LLC), Articles of Incorporation (corporation) or Certificate of Limited Collaboration, then your Initial List of Managers/Members/Officers/ Partners and you'll get your state business license. In simply a few minutes, you can establish an entity in Nevada.
There are a couple of exemptions to the state service license requirement, but as long as you're an entity, you'll have to spend the $200. If you're a nonprofit, a motion image business, a particular kind of insurance provider, or a governmental entity, you can look for an exemption however you need to mail in the type.
4. Get an EIN number.
The EIN number is like a social security number for your business. With widespread identity theft concerns, it isn't really sensible to use your social security number for your business, which is exactly what you have to do if you don't have an EIN. It's simply a letter verifying your EIN and asking if you want to be dealt with as a various type of entity for tax purposes, like a subchapter S-corporation.
5. Register with the Nevada Department of Tax.
To request a company license, you need to supply proof that you're registered with the Nevada Department of Tax. You have to obtain a tax license, either a sales tax permit or a customer use tax permit. You'll require a sales tax license if you're selling concrete goods. You'll need an use tax permit if you aren't. With an usage tax license, if you purchase products for consumption in your organisation (like office products or equipment) without paying tax when you buy them, you'll need to calculate the tax you would have paid had you purchased the items in Nevada and remit that quantity to the state. The Taxpayer Info Package includes all the information you require to start.
6. Do you need a fictitious company name?
A fictitious firm name, or a DBA, is needed if you're doing business in a name other than the one signed up with the Secretary of State. If you're ABC, LLC but the name of your business is Adam's Weight Training and Cake Bakery, you'll require to submit a fictitious name type with Clark County.
If you have actually followed my blog at all and are STILL running as a sole proprietor (smacking you on the hand), you can be "Adam Charlie dba Adam's Weightlifting and Cake Bakery."
7. Obtain your city business licenses.
Signing up with the taxation department can be challenging, and so can getting city business licenses. The City of North Las Vegas doesn't presently post service license applications online. Rather, you should ask for an application for your specific service online.
What if you're in the City of Las Vegas? Are you sure? The lines that separate the City of Las Vegas from Clark County aren't anything near straight and make no rational sense. To be sure which accredit you need, inspect the Jurisdiction Locater. Look just at the Jurisdiction field, NOT the "Minor Civil Division" field which normally says "Las Vegas Town." 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 plumber, carpet cleaner, mobile detailer or other company that services the whole valley, you'll need a license from every jurisdiction in which you prepare to do business. Exactly what does "operate" mean? Anytime you are physically in another jurisdiction and accept payment for your services or items, you are operating. For food trucks, mobile detailers, specialists, etc., this can be cumbersome, time consuming, and pricey. I sometimes gaze out the window, imagining a world in which you can look for all your licenses in one place with one application, however until that day, be prepared to do some documents.
Have a house based service? The majority of jurisdictions will require you to complete a House Profession Permit which requires you to acknowledge that you're either the owner of the house or somebody allowed to do company there. Due to the fact that property zoning is, well, residential, you'll have to guarantee that you will not create a traffic jam having individuals park in news front of your home and you won't start hanging neon signs outside your front door marketing your organisation. Your neighbors would NOT enjoy. Be sure to check your CC&R s to make sure you can list your house address as an organisation if you live in a homeowner's association.
The cost of your business license varies with the jurisdiction and the kind of service it is. Some organisations even require background checks and those licenses are typically much more costly.
Do not get lazy and leave off the LLC when noting your organisation name. On ALL official documents, you must list the whole name of your service, CONSISTING OF the entity. The entity is part of the main name of your organisation.