How to Start a Corporation in Nevada
To start a Nevada corporation, you must file Articles of Incorporation and supporting documents with the Secretary of State and pay a minimum of $725 in combined filing fees. While this filing creates your business, it’s really just the first step to launching your Nevada corporation. The complete steps to incorporating in the Silver State are as follows:
- File Nevada Articles of Incorporation, along with your Initial List of Officers and Directors and your State Business License Application
- Pay the Secretary of State a minimum of $725
- Wait to receive your approved Articles and your Business License
- Get a federal tax ID (EIN) for the corporation
- Create Nevada corporate bylaws
- Take these documents to the bank and get a Nevada corporate bank account
Free PDF Download
Nevada Articles of Incorporation free download. When you're done filling out the form, submit it to your state.
Do It Yourself Wizard
Our free account and tools will walk you through starting and maintaining a Nevada corporation. All for free.
1 Day Nevada Corporation For $950 Total
How to File Nevada Articles of IncorporationTo form a Nevada corporation, you file the Articles of Incorporation in the following steps:
What is the Cost of a Nevada Corporation?
At least $725. This total includes three separate mandatory fees: Articles of Incorporation ($75), Initial List of Officers and Directors ($150) and a Business License ($500). For paper filings, expediting fees start at $125 for 1-day filing and top out at $1,000 for 1-hour filing.
Hire Northwest to form your Nevada corporation and your total, out-the-door cost is $950. This includes all three mandatory filings and fees, a full year of registered agent service, and all the business forms you need to open a corporate bank account.
How Much Does a Corporation in Nevada Cost Each Year?
At least $650. This includes the $500 fee to renew your Business License each year, and the $150 minimum fee to submit your Nevada Annual List.Get Started
What is a Nevada Annual List?
Your Nevada Annual List is essentially an annual report. It’s a form your submit to the Nevada Secretary of State each year to update or confirm the names and addresses of your directors and officers. The fee to submit the Annual List is based on the value of your authorized stock. The fee starts at $150 for up to $75K in authorized stock. The report and fee are due each year by the end of your anniversary month (the month you first registered). If you file late, there’s a $75 late fee.
Nevada businesses are already expensive—let Northwest help you avoid late fees and penalties. When you hire us as your registered agent, we’ll help you stay in compliance by sending you reminders to file your Annual List. Or avoid this headache entirely. For $100 plus state fees, you can hire us to submit your Annual List for your corporation.Get Started
What are the Taxes for a Nevada Corporation?
No corporate net income tax, no personal income tax—businesses are often pretty excited to learn that Nevada doesn’t have some of the most common state taxes. However, Nevada does have some more uncommon taxes that can apply to your corporation—in particular, the MBT and the Commerce Tax.
Nevada’s Modified Business Tax (MBT) affects businesses with employees. The MBT is a 1.475% quarterly tax on wages (which kicks in after the first $50K of gross wages each quarter). In addition, businesses with more than $4 million in gross revenue must pay a Commerce Tax that varies by industry.
The state sales tax rate is 4.6%. Counties can add on their own local sales taxes as well, so the total sales tax can be much higher. For instance, the total sales tax rates that customers pay at the counter in the 5 largest Nevada counties are listed below:
Clark County: 8.25%
Washoe County: 8.265%
Lyon County: 7.1%
Elko County: 7.1%
Douglas County: 7.1%
Note that many services aimed at Nevada’s abundance of tourists also have specialty tax rates. For instance, on the Las Vegas Strip, hotel tax rates can hit 13%.
Is a Registered Agent Required for a Nevada Corporation?
Yes, the state requires that corporations appoint and maintain a Nevada registered agent. So who can be an agent? While you can’t have your corporation be its own agent, you could appoint a person in your corporation, like a director or officer. This strategy doesn’t always work out so well, though. Registered agents are supposed to be regularly available to accept legal notifications. However, no one particularly likes to be tied to their desk. Also, if you decide upgrade your office or switch out your agent, you’ll have to fork out $60 each time to file a Statement of Change.
Instead, many Nevada corporations hire a registered agent service like Northwest. When you hire Northwest, our name and address are listed on your Articles and remain consistent, even as your business grows and changes. We’re ready and waiting to scan and send you any legal notifications the same day. We help you stay on top of your business wherever you choose to be—whether you’re in a board meeting or hiking Red Rock Canyon.Get Started
Nevada Corporation Versus Nevada LLC:
Nevada corporations typically cost more than LLCs, thanks to one particular fee: the annual Business License fee. Corporations fork out a hefty $500 each year for license renewals while LLCs pay just $200.
Other costs are pretty similar for Nevada corporations and LLCs—even state taxes. Since Nevada doesn’t have a corporate or personal income tax, your entity type isn’t a significant factor in the Nevada taxes you pay. Instead, factors like your gross income and employee wages determine the state taxes you owe.
Corporations may cost more, but they a few advantages. In particular, stocks can give corporations options LLCs don’t have. For instance, corporations can lure investors with perks like preferred stock, or they can join the ranks of Wall Street and become publicly traded. Corporations have also been around much longer than LLCs. Years of court precedents means corporations have more guidance for making complex legal decisions. LLCs, on the other hand, tend to be better for businesses that value simplicity, as they’re a bit easier to operate. Considering an LLC? Here’s information on starting an LLC in Nevada.
Do I Need a Tax ID Number (EIN) for a Nevada Corporation?
Yes, you’ll need an EIN for your Nevada corporation. You’re required to use this ID for your federal tax filings, and you will likely need your EIN for filing local taxes, applying for licenses or permits, and opening a corporate bank account.
To get an EIN, you can fill out the IRS’s application for no cost. Or, avoid yet another form and hire us to get your EIN for you—just add on EIN service during checkout when you sign up for our Nevada incorporation services.
Does a Nevada Corporation Need a Business License?
Yes, all Nevada corporations are required to get an annual State Business License. Business license renewal is tied together with your Annual List of Officers and Directors—when you submit the Annual List form, you also pay the $500 Business License fee.
Note that you may need local licenses in addition to your state license. For example, businesses in Clark County will need a Clark County business license.
Nevada Articles of Incorporation Requirements
While most states require a corporate designation such as “Corporation” or “Incorporated,” Nevada only requires these if your corporation’s name is a person’s name (so, switch “Sam Jacobs” to “Sam Jacobs, Inc.”). Tip: If you plan to expand your business to other states, it’s a good idea to include a corporate designation in your name.
You can either list a commercial registered agent (like Northwest) or a noncommercial agent (like yourself). Your agent must sign a Certificate of Acceptance form (included in the state’s Articles packet). Tip: For expert registered agent service, we recommend Northwest.
This Nevada street address is where your registered agent accepts legal notifications. Tip: Hire Northwest and our address will go here.
List the numbers of shares you wish to create and their par value. Par value (also called “face value”) is the price listed on stock certificates and is typically the lowest value at which a share will be traded.
Include the name and street address of each director on the board of directors. A business address is sufficient. Tip: Keep things simple and consistent—when you hire Northwest as your registered agent, you can list our Nevada street address as your registered office, principal office, and business address.
Benefit corporations must state a specific purpose that explains how they benefit the public (typically something related to education or charity) and must tick the “benefit corporation” box. Tip: Most corporations are general for-profit corporations and aren’t required to complete this section.
Your incorporator signs your Articles of Incorporation. Incorporators must include their names and addresses. You need at least one incorporator, but it doesn’t have to be anyone in your corporation—just someone you authorize to submit your Articles. Tip: We’ll be your incorporators when you hire Northwest to form your Nevada corporation.
Initial List and Business License Application
Along with your Articles of Incorporation, you’ll have to submit your Initial List, which must be signed by an officer and must include the names and addresses of your president, secretary, treasurer, director and any other officers. The business license only requires a fee—just be sure to include this item in your “order description” on the customer order instructions.