Choosing the right type of business for your Nevada startup
There are so many types of businesses you can choose from that beginning the process
can be overwhelming. How do you know what business type is right for your Nevada
startup? To assist, we’ve collected information on several different entity types
so that you can make an informed decision. Read on to learn about the various entity
types ClickAndInc.com offers.
C Corporation in Nevada
A C Corporation is the default tax classification and is subject to corporate income
tax. C Corporations can issue different classes of shares to an unlimited amount
of shareholders. The C Corporation can be owned by US citizens, non-citizens, or
other business entities, providing greater flexibility in these areas than an S
Corporation.
Learn how ClickAndInc.com can help you form your
Nevada C Corporation.
S Corporation in Nevada
If you wish to form an S Corporation, you would incorporate just as you would with
a C Corporation. Then, you’d submit an additional form to the IRS, indicating that
you are adopting the S Corporation tax classification.
The shareholders of an S Corporation should be US citizens (no non-US citizens,
non-resident aliens, or outside business entities), and the corporation can issue
no more than 100 shares. S corporations are considered pass-through entities, avoiding
the double-taxation of a C Corporation by allowing gains and losses to be reported
on the owners’ individual tax returns.
ClickAndInc.com has more information on forming a
Nevada S Corporation.
LLC in Nevada
A Limited Liability Company is similar to a limited partnership with no general
partner. For tax purposes, the entity is treated like a partnership. But, it also
offers the liability protection found with corporations.
For more information, take a look at our information about forming a
Nevada LLC.
Foreign Corporation in Nevada
Corporations wishing to expand their existing business into Nevada will likely find
that they must first register as a Foreign Corporation. In order to register as
a Foreign Corporation in Nevada, they would submit an application. Specific information
about the domestic business, as well as information the business’s Nevada presence,
should be included on this application.
If you’re not sure whether or not you need to file a Foreign Corporation is right
for you, review further information about a
Nevada Foreign Corporation.
Nonprofit Corporation in Nevada
Most nonprofit corporations obtain 501c3 status from the IRS. To become a 501c3
nonprofit corporation, you’ll first register as a basic nonprofit corporation at
the state level by submitting Nonprofit Articles of Incorporation. Then, you’ll
apply for the 501c3 status at the federal level.
ClickAndInc.com can register your nonprofit corporation—we can even assist you with
your 501c3 application! Take a look at more information on
501(c)(3) nonprofit corporations.
Fictitious Names in Nevada
A DBA—called a Fictitious Firm Name in Nevada—is filed at the county level in the
county in which the fictitious name is to be used. These FFNs can be formed by any
entity type, incorporated or not, that wishes to do business under a name other
than its legal name
See how ClickAndInc.com can help with your
Nevada DBA!
Nevada Startup Quicklinks
For information on other types of businesses in Nevada, please explore the links
below.