If you are a business owner and you are thinking of starting a business in the State of Nevada, you’ve come to the right place. Go through these steps for the complete guide:
Step 1: Choose your business structure
Choosing the structure of your business is crucial because of its implications on various matters. This includes how you will pay your taxes, the extent of record-keeping you need to do, your ability to raise capital, and your liability.
Step 2: Choose a name for your business
So, you’ve laid out a plan to start your business but there’s one thing that is missing: A nice-sounding business name.
Here are a few things that might actually help in solving your problem.
Step 3: Register your business
Make sure you are operating a business that’s legal! Read through these articles to guide you in registering:
- How to Get Certified for Business in Nevada
- How to start a Limited Liability Company in Nevada
- How To Form A Corporation In Nevada
- How to File a DBA in Nevada
Step 4: Apply for an Employer Identification Number (EIN)
The EIN enables the Internal Revenue Service (IRS) to check and track all of the financial transactions of the business. This also includes the payments and wages of the employees and its owners.
- How to Apply for an Employer Identification Number Online
- How to Apply for an Employer Identification Number by Mail
Step 5: Open a bank account
A bank account is essential when starting a business in Nevada. If you’re thinking of opening a bank account for your business, read the article below:
Step 6: Obtain licenses and permits
Last, but not least, you need to make sure that you have the correct licenses and permits to operate your business.