How to incorporate in Nevada
One of the best states to incorporate in whether you are forming a C corp or an S corp is the state of Nevada. Perhaps the best reasons to incorporate your C corp in the state of Nevada is because there is no corporate income, but you also do not have to pay any taxes on your corporate shares. Incorporating in Nevada is also popular because there is no franchise tax and the annual fees that you must pay for a corporation are minimal.
The first thing that you have to do to incorporate in Nevada is to choose a name for your business. When choosing a name for your corporation you cannot use a name that is the same as or similar to any other business. To prevent this from happening you will want to perform a corporate name search, which can be done for free on the internet. Another stipulation that the state of Nevada has when naming your corporation is that a person’s name or initials cannot be used to name the corporation, unless it is followed by the word “incorporated” or “corporation.”
The next thing that you will need to do is to fill out your articles of incorporation. The articles of incorporation must include information about the director of the corporation, including how many directors there are and how old they are. The state of Nevada does not have a residence requirement for the director of a corporation, so you can be the director and live out of state. Your certificate of incorporation does not have to contain any information about the officers of your corporation because Nevada does not require you to include that information.
If you are going to be issuing stocks the one thing, you want to know is that if you increase the number of shares from what you have originally stated in your articles of incorporation it may cause an increase in your filing fees. If you are going to be issuing shares of stocks you want to buy corporate seals, so you can authentic your stock certificates.
The next thing that you will need to do is to get the required paperwork together that needs to be kept on file at the corporate headquarters. Under the laws of Nevada, you will need to have a copy of the articles of incorporation and any amendments to it on file, but they have to be certified by the secretary of state. You will also need a copy of the bylaws and any amendments on file, which has been certified by an officer of the corporation. The last thing that you need to keep on file is a copy of the stock ledger or a statement of where it is being kept.
Once you have, done all of this you will need to obtain a business license for your corporation, which is going to require a fee. After obtaining your business license, you are ready to do business in the state of Nevada, but you will still have to comply with the annual requirements. Each year you are going to need to file an Annual List of Officers, Directors, and Agents. This must be filed by the last day of the month of that you incorporated your business in. You will need to pay an $85 filing fee each year for these annual statements.
