Post on 31-May-2015
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Choose a Corporate Structure
• Incorporating means forming a corporation, a state legal entity
• Nevada offers a number of for-profit structures. This guide focuses on Business Corporations only.
• C-Corp and S-Corp are tax classifications, not structures
Check Name Availability• Do a name search through the Nevada Secretary
of State’s database• Your name cannot conflict with an existing one
Appoint a Registered Agent• Corporations must appoint a registered agent
in the state of Nevada• The agent receives notice of lawsuit and legal /
government notices• Can be an individual with an address in the
state (not P.O. Box) or a commercial agent.
File Articles of Incorporation• Form 668: Domestic (Nevada) Articles of
Incorporation• Fee: $75 (less than $75,000 valuation) + $125
option expedite fee• Mail to Nevada Secretary of State or file online• Turnaround: 1 week by mail, 24 hours if expedited
Initial List of Officers & Directors
• Nevada requires corporations to file an annual list of officers report
• Initial/Annual List of Officers and Directors – For-Profit Corporation
• Fee is $75 for less than $75,000 valuation• File by mail or online
Bylaws and Records
• Keep your articles, affidavits, and other important documents
• Draft bylaws for the organization • Record kit & templates save time!
Appoint Initial Directors
• These directors serve on the board until the annual meeting of shareholders
• Appointed by incorporator• Documented in corporate records
Hold Organizational Meeting
• Consists of incorporators and/or initial directors• Keep minutes of this meeting• Appoint officers (e.g. President, Secretary,
Treasurer)
Issue Stock Certificates
• Owners may be issued stock certificates as proof of ownership
• Secretary’s stock ledger records issued stock• Stock certificates included in Records Kit
Obtain EIN
• Federal Employer Identification Number• Required for corporations• File Form SS-4 with IRS by mail, fax, or online
Obtain NV Tax IDs
• Form APP-01.00 – Nevada Business Registration• Fee: $0• Mail to Nevada Department of Taxation• Include Supplemental Registration Form
Consider S-Corp Election
• By default, the corporation is taxed as a C-Corp• Consider S-Corp for tax savings as a small
business• Fee: $0• File IRS Form 2553
Obtain Applicable Licenses
• To run your business legally, you may need a host of local, state, or federal licenses and permits
• Search your requirements on SBA.gov
Ongoing Activities
• File Nevada Annual List of Officers Report with Dept of State
• Board meetings• Annual shareholder meeting• Maintain a registered agent• Update the government with address change
For More Info:
• How to Incorporate in Nevada• Email: info [AT] HarborCompliance [DOT] com
• Starting an LLC?
The information contained in this presentation is not legal, financial, or tax advice. Harbor Compliance is not a legal or accounting firm.
Copyright Harbor Business Compliance Corporation 2014