With our 5-step process, forming a company in Nevada is simple. A company may be formed by submitting formation paperwork with your state and forming a board of directors.
We’ll teach you how to form your own Nevada company.
It is simple to establish a corporation in Nevada.
In Nevada, you may form a company by submitting the Certificate of Incorporation, drafting corporate bylaws, and naming your first director (s).
To get started, follow the steps in our How to Start a Corporation in Nevada tutorial below:
Step 1: Give Your Nevada Corporation a Name
Step 2: Select a Registered Agent.
Hold an Organizational Meeting in Step 3
Step 4: Submit your Articles of Incorporation.
Step 5: Submit the Initial List as well as the State Business License Application.
Step 6: Obtain an EIN
Step 1: Give Your Nevada Corporation a Name
The first step in forming a company is to choose a business name. You must choose a distinct name that conforms with Nevada company naming regulations.
1. Nevada naming conventions:
A corporate ending must be used if the corporate name seems to be a person’s given name or initials (e.g., Incorporated, Inc., Limited, Ltd., Company, Co., Corporation, Corp.).
Your name must be distinct from any other current company in the state. Nevada reserved names are included.
In Nevada, you must get permission to use certain terms in the name of your business.
More information on corporate name standards may be found in Nevada state laws NRS 78.039 and NRS 78.045.
2. Is my business name accessible in Nevada?
Your Nevada company name must be distinct and distinct from existing Nevada business names. To see whether your selected company name is available, use the Nevada Secretary of State’s Business Search Portal.
3. Is the URL accessible?
Before forming your Nevada company, check to see whether an appropriate URL for your preferred business name is accessible. Even if you don’t intend to create a company website right immediately, we recommend purchasing a web domain right away to avoid other companies from obtaining it.
Step 2: Select a Registered Agent in Nevada.
When you file your company with the Secretary of State, you must choose a Nevada registered agent.
What exactly is a Registered Agent? A registered agent is a person or organisation chosen by an LLC or corporation to accept service of process, government communications, and compliance paperwork on behalf of a company.
Who Is Eligible to Be a Registered Agent? An person, a corporate organisation, or a professional registered agent service may serve as your registered agent. Any organisation or individual may act as your Nevada registered agent as long as the person:
is at least 18 years old
has a physical address in the state where business is done
is accessible during regular business hours (in person).
Step 3 Hold an Organizational Meeting
Before filing the Articles of Incorporation formally in Step 4, you must conduct an organisational meeting to perform the following tasks:
Complete and sign the Articles of Incorporation.
Establish and approve bylaws
Choose your first director (s)
Determine your ownership structure.
Fill out an Incorporator’s Statement.
Establish and Approve Corporate Bylaws
Bylaws are the rules that regulate and control how your organisation is governed and operated. Consider the bylaws to be your corporation’s constitution. It clarifies the norms and priorities for all parties involved.
The bylaws of a company will augment any regulations established by the federal government or the state.
Include the following in your bylaws:
The governance of the company, including the roles of directors and officials
Meeting processes, voting procedures, and the election of executives or directors
How will records be preserved and managed?
How will disagreements be resolved?
How will bylaws be added/modified in the future?
The annual shareholder meeting date
Contract Negotiation Techniques
Fiduciary responsibilities to the company (i.e. acting in the best interests of the corporation)
What is a quorum for voting purposes?
What exactly is a quorum? A quorum is the minimal number of members who must be present at a meeting in order for the meeting’s actions, including any votes, to be legitimate.
Appoint the First Directors
At least one director must be appointed to monitor your Nevada company until the first shareholders meeting.
A corporate director is in charge of operational bylaw adoption, modification, and repeal, as well as the election, monitoring, and removal of officers.
Following the incorporation of the company, the incorporator(s) — or initial director(s), if listed on the formation papers — shall convene an organisational meeting. During this inaugural meeting, either the incorporator(s) or the initial director(s) will elect the board of directors.
Selecting a Share Structure and Strategy
A share of stock is a corporation’s unit of ownership. Each share of stock reflects a proportion of the company’s ownership. If a business issues one share of stock, the shareholder (stock owner) owns 100% of the corporation.
Shares may be divided into classes. Each class, known as a share class, has unique rights and advantages. There may be several classes, and each class can have an unlimited number of shares.
The Articles of Incorporation form in Nevada enables you to specify whether the company will issue more than one approved share class or series. The number of ordinary and preferred shares may be specified.
Preferred Stock vs. Common Stock
Preferred stock does not offer its shareholders voting rights, although common stock does. Preferred shareholders are compensated before regular stockholders when it comes to corporate assets.
NOTE: We suggest that you begin with a large number of authorised shares. Many lawyers advocate for a million dollars. Starting with a large number allows you to issue shares as required without incurring legal expenses to enhance your original permitted share size.
Make and implement an Incorporator’s Statement
The incorporator(s) shall sign and preserve an Incorporator’s Statement with the full names and addresses of all initial directors in the corporate records book.
The first director(s) named in this agreement will serve until the board of directors is chosen at the first shareholder meeting. It should be kept with the rest of your company’s records.
Step 4: Submit your Nevada Articles of Incorporation.
To form a company in Nevada, you must submit the Nevada Articles of Incorporation. The Articles of Incorporation are the legal documents that establish your Nevada company. You may submit the form to the Nevada Secretary of State online, by mail, fax, email, or in person.
This paper will address the fundamentals of your company, such as:
Statement of mission and corporate name
Name and location of the corporate registered agent
The maximum number of shares that a company may issue.
Initial corporate officers and directors’ names and addresses
Name(s) and address of incorporator(s) (es)
The filing fee for the Articles of Incorporation is determined by the amount of authorised shares. The first filing charge is $150, plus a $500 company licencing fee.
Authorized Share Value and Related Fees
$75 for $75,000 or less
$75,001 to $200,000 – $175
$200,001 to $500,000 – $275
$500,001 to $1,000,000 – $375
$275 for each extra $500,000 or portion thereof
The maximum charge is $35,000
Step 5: Submit the Nevada Initial List as well as the State Business License Application.
The Nevada Initial List of Directors and Business License Application form must be filed with your Articles of Incorporation. The first directors form costs $150, while the company licencing application costs $500.
Step 6 Get an EIN for Your Nevada Corporation in
What exactly is an EIN? The federal government uses an Employer Identification Number (EIN) or Federal Tax Identification Number (FTIN) to identify a company organisation. It is effectively the company’s social security number.
Why do I need an EIN? An EIN is necessary for the following activities:
To establish a commercial bank account for the firm
In terms of federal and state taxation
To recruit workers for the firm
How can I get an EIN? After founding the firm, the business owner obtains an EIN from the IRS (free of charge). This may be done online or in the mail.