Being an elected office, the Nevada Secretary of State is an important body statewide. It is a constitutional office. The office has many leading roles, such as supervising state and local elections, appointing, training, and regulating public notaries, etc. In addition to the mentioned ones, the Secretary of State is responsible for registering corporations, LLCs, etc.
In this article, we will get familiar with many duties of the Nevada Secretary of State, as well as company registration requirements.
At this point, we are going to present the steps to start a new company.
First, it is crucial to have a perfect plan. This will assist you in the organizing and managing process. The planning must involve deciding values, the possible waste, etc.
In addition, an undividable part of your business structure is learning about the taxation system. After doing research, you can take advice from lawyers and accountants. It helps to plan the best working structure for your startup.
After completing the mentioned steps, you should choose a name for your business. Naming is one of the identifiers for your brand. In this case, you have to take into account using a title that has not been used within NV territory.
Aside from the legal entity naming, you may select another name. This should be done by filling in the “DBA” form (“Doing Business As). Besides, you may also choose a domain with your selected title if you tend to approve an online presence.
Every registered company, regardless of its type and structure, should designate a registered agent to complete all the required paperwork within the state. The latter should be an NV resident or have a physical address there.
Then, your next step must be registering your entity. To do so, you can prepare an online application and fill in the formation documents, such as Articles of Organization (Articles of Incorporation). It is a document to establish your entity and provide some information about it.
You can find services such as Bulk Data Reporting and CRA tools on the Nevada Secretary of State's official website.
You can also make an Entity Search through the Business Portal by filling in some details, such as your entity title, number, service and product type, applicant name, etc.
EIN is very important for those who aim to open a bank account, fill in some legal files and documents, as well as hire employees. Those who have Social Security Number (SSN) and Individual Tax ID Number (ITIN) may receive EIN for free from the Internal Revenue Service.
NV requires an annual business license. In many cases, you will need to get this license according to the county or city, where it will be based in the future. The fee for licensure is between $200 - $500.
You have to renew the license every year prior to the last day of the previous filing month.
In addition to the Federal income tax, you should consider the sales tax, which is 6.85%, as well as the variable local sales tax. Moreover, those entities that need to hire employees have to pay for the insurance of unemployment or coverage of worker’s compensation.
Being provided by the Nevada Secretary of State, the Digital Operating Agreement is an online free service. It offers an automated process of the Limited Liability Company’s operating agreements.
Here are the points, included in this online service:
Recording agreeable terms that are mutually acceptable
Defining your LLC’s main rules and principles
Increasing your company’s long-term viability
Managing your OA online in one place
Starting your company through the Business Portal - SilverFlume
The majority of activities are completed through the online Portal for free. The working time of the customer service of the NV Secretary of State is Monday-Friday from 08:00 a.m. to 05:00 p.m.
You may contact the NV Secretary of State office via this phone number: (775) 684-5708.
You may reveal information about any LLC by searching it on the website of the NV Secretary of State. Or else, you should search it through the territory where it was registered.
To find out whether the company is licensed in NV or not, you can call these phone numbers: (775) 687-0700 and (702) 486-4009. Moreover, you may reveal more detailed data by visiting the National Insurance Producer Registry.
You should check the status of any entity for free by performing a search on the Business Entities Search page. Besides, you may call the customer service department of the NV Secretary of State office at (775) 684-5708.