Are you in the early days of forming your own business? If so, you may be thinking about some practical matters beyond leasing office space or printing up business cards. For example, what legal structure do you intend to use for your business? If you are just getting started with a one-person operation, a simple sole proprietorship may suffice. Still, there are incentives and perks to giving your business a more formal arrangement. A Limited Liability Company (LLC), for example, can provide a number of considerable benefits to Nevada business owners. If you are curious about how to start a Nevada LLC, you have come to the right place.
When you think about Nevada, you probably think about the bright lights of Las Vegas or the numerous casinos in Reno. Nevada is, however, an increasingly popular destination for entrepreneurs from all over the country. Enticed by low tax rates and a booming state economy, business owners can hardly be blamed for setting up shop in the silver state. Read on to learn how you can form a Limited Liability Company in Nevada using our online forms.
Why You Should Consider a Limited Liability Company
Different types of businesses can benefit from the different modes of legal structures available. For example, a rapidly growing company may find that filing Articles of Incorporation makes the most sense, as they can then issue stock to generate quick capital. In Nevada, doctors or lawyers coming together as partners are actually required to form what is called a Limited Liability Partnership (LLP), which is fairly similar to an LLC (with some notable differences).
Still, more often than not, the LLC is a logical choice for business owners. For one, they are relatively inexpensive and easy to set up. They also do not require much maintenance in the way of annual reporting, and they offer a lot of flexibility in how they can be managed. The concept of “limited liability” also has a fairly broad level of appeal. In an LLC, if your business goes bankrupt, the members can shield their personal assets from any potential legal action. This removes quite a bit of risk from the table when starting a new business.
The Internal Revenue Service (IRS) also views LLCs as pass-through organizations, which is alluring to business owners. In this arrangement, profits generated by the business are not taxed until they pass through to the LLC’s members, who then pay taxes on their personal income.
Start a Nevada LLC Online
To start your Nevada LLC, you will first need to select a unique name that is distinguishable from the other LLCs registered in the state of Nevada. Next, you will need to begin creating your Articles of Organization. This document should contain some information about your business, its members, and its registered agent. The role of the registered agent is to handle all legal correspondence on behalf of your enterprise. They can also be tasked with receiving all tax and government correspondence as well.
You can use our forms to electronically submit your Articles of Organization. Simply explore the “Nevada” section in our side navigation and locate the forms you are looking for. If you have any questions, please visit our helpful FAQ page, or contact us by phone or email.
