How to Start a Nevada Corporation

Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Start a Nevada Corporation

When you plan to start a business in Nevada, you must decide on the appropriate structure. Starting a corporation may be more complicated than creating an LLC in Nevada or a sole proprietorship. However, it is not that difficult as well. There are a few guidelines that you should be aware of when it comes to creating Nevada corporation. Starting a corporation involves a legal process, that is, the process of incorporation.

In this article, I will share a step-by-step guide to start a corporation in Nevada. I will also enlighten you on the advantages and disadvantages of having a corporation. Some people consider starting a corporation in Nevada more than other business structures since it has many advantages over other forms.

What is a Corporation in Nevada

In definition, a corporation is a formal organization established by stockholders, shareholders, or other people to make a profit. Like individuals, corporations can undertake contracts, own assets, sue and be sued, pay taxes, limit state and federal taxes, and loan funds from banking institutions.

Common Types of Corporations

Before you start with the process of forming a corporation, you should know what type of corporation you will form. There are several different forms of corporations you can take into consideration, depending on your corporation’s objectives and ownership structure.

  • C-Corporation: C-Corporation is the most known type of incorporation. They have almost all corporate distinguishing characteristics. Profits are distributed to corporate owners who are taxed at an individual level. The corporation is taxed similarly to a business unit.
  • S-Corporation: An S-Corporation is set up similarly to a C-corporation but has different tax implications and owner limits. S-corps have no more than 100 stockholders and are not taxed separately. These business units must also file paperwork with the Internal Revenue Service (IRS) to obtain their status.
  • Non-profit Corporation: Nonprofit businesses are frequently used by religious, educational, and charity institutions to run their operations without making a profit. Thus, a nonprofit corporation is exempt from paying taxes. The nonprofit organization’s gifts, contributions, or cash are reinvested in the company to fund its growth, future endeavors, or operations. Read how to start a nonprofit corp in Nevada to learn about nonprofit corporations.

If you have a small business, it is recommended that you form an LLC instead of a corporation in Nevada. LLCs have more tax benefits than other structures. Besides, LLCs protect your personal assets. However, it is wise to consult a legal expert before you start setting up your business in Nevada.

LLCBuddy Editorial Team

How to Start a Corporation in Nevada

To start a corporation in Nevada, you must follow the below steps that, include forming a corporation name, appointing a board of directors, filing for Articles of Incorporation, drafting corporate bylaws, meeting with the board of directors, issuing stocks, creating a shareholders agreement, requesting for an EIN, and getting a license and permit. All these steps are basic ones. It can be changed depending on the type of corporation you form and the nature of your business.

Step 1: Choose a Corporation Name in Nevada

Naming your business is one of the most crucial activities during the startup phase. Your corporation name serves as the foundation for your brand. Legal procedures should be taken into account when choosing your corporation name. Choose a corporation name that will enable you to develop a strong brand identity without being hampered by irrelevant factors.

If you are forming an LLC, there is a complete guide on Nevada LLC name guidelines for a proper LLC name. Here are some guidelines you must follow while naming your corporation in Nevada-

  • Your business name must contain entity identifiers, such as “Incorporated,” “Limited,” “Corporation,” or “Company,” or an abbreviation, such as “Inc.,” “Co.,” or “Ltd.”
  • Exclude any words in your business name, such as “Trust,” “Bank,” “Credit Union,” or “Trustee,” or words related to a government agency, such as “FBI,” “State Department,” or “Treasury.”

Step 2: Board of Directors Initial Appointment

To form a corporation in Nevada, you must appoint an initial board of directors before making them permanent once the corporation is formed. In Nevada, you may appoint at least Three board of directors. The initial board of directors is in charge of guiding the overall strategy of your business. The structure, responsibilities, and powers given to a board of directors are determined by the bylaws of a company or organization. So, appointing your corporation’s initial board of directors in Nevada is a big step in forming a corporation.

Step 3: Filing the Articles of Incorporation in Nevada

After you appoint the initial board of directors in your Nevada corporation, the next step is to write and file a Articles of Incorporation. In writing, the Nevada Articles of Incorporation, the corporation name, principal place of business, the purpose of business, Nevada Registered Agent contact information, and the names and addresses of incorporators and/or initial board members, should be written.

Filing a Articles of Incorporation in Nevada may be done with four methods that are online, fax, by mail and in-person. The Articles of Incorporation fee may vary from different states. However, in Nevada, it costs $75 for filing online, fax, in person and by mail.

  • Online Filing: Create an account/Log in to the SOS site, get the online form, fill it, and submit online
  • Offline filing: Send the form by mail or drop it off in person at Secretary of State, Commercial Recordings Division, 202 N. Carson St., Carson City, NV 89701-4201, or fax it to (775) 684-5725.

Step 4: Draft Corporate Bylaws

Now you are done filing a Articles of Incorporation in Nevada, the next step is to draft corporate bylaws. Corporate bylaws are the basic rules that control a corporation. It includes the organization’s structure, processes, laws, and rules. As a result, all personnel, managers, and corporation members must obey the firm’s rules.

In creating corporate bylaws, you should include the following on how the decisions will be made-

  • The responsibilities are given to each officer.
  • How will judgments in business be made?
  • Where and when are the annual shareholder meetings?
  • The minimum number of shareholders required for decision-making.
  • Location and timing of dividend payments.

Step 5: Hold the First Board of Directors’ Meeting

After drafting the corporate bylaws, gather all the board of directors for the first meeting. This meeting will be finalized by appointing directors to manage the company’s daily operations, approve the bylaws, choose the corporation’s accounting year, and approve the stock issue. All board meetings should have minutes taken and stored with the company’s records.

Step 6: Issuing Stock in a Corporation

After starting your Nevada corporation, one of the first official corporate actions is issuing stock to the shareholders. Keep track of the number of shares issued to each shareholder and the purchase price. A corporation in Nevada is managed by its shareholders, who contribute to the business in exchange for ownership shares.

Step 7: Draft and Finalize a Shareholders Agreement

Even though drafting and finalizing a shareholders agreement is unnecessary, I suggest you still comply since it will benefit your corporation and its shareholders. A small business’s shareholders enter into a shareholder agreement contract. It establishes how ownership will be handled in unexpected situations, like a shareholder passes away, retires, becomes disabled, or quits the corporation. Early on in the life of your Nevada corporation, signing a shareholders’ agreement can help maintain corporate continuity and prevent future disputes.

Step 8: Request an EIN in Nevada

After everything is in place, you should get or request an Employer Identification Number (EIN). An EIN will serve as the tax ID for your Nevada corporation. EIN can be obtained from the Internal Revenue Service (IRS). It is a 9-digit number similar to Social Security Number. EIN, however, is distinct from SSN. It is only used for business-related activities, particularly for submitting general taxes. The form must be completed and uploaded to the IRS website.

The application of an EIN in Nevada can be through the following:

  • Apply Online- The EIN online application is the preferred method for customers to apply for and obtain an EIN.
  • Apply by Fax- Taxpayers can fax the completed Form SS-4 application to the appropriate fax number), after ensuring that Form SS-4 contains all of the required information.
  • Apply by Mail- The EIN application Form SS-4 can be filed via mail. The processing time frame to receive the mail is 4 weeks.
  • Apply by Telephone-International Applicants – International applicants may call 267-941-1099 (not a toll-free number) from 6 a.m. to 11 p.m. (Eastern Time) Monday through Friday to obtain their EIN.

After you have your EIN number, you can benefit in a number of ways. It will give your corporation the final advantage necessary to operate at full capacity without encountering legal or judicial issues.

Step 9: Get Licenses and Permits for your Corporation in Nevada

Before your corporation operates in Nevada, you must have a business license. A business license is a document issued by a government agency that permits you to operate your business in the geographic region that that agency governs. To legally operate your corporation, you’ll need a business license. Numerous corporate licenses need to be filed and renewed regularly. Check out how to get business licenses and permits in Nevada to know more.

You must also register a DBA name if you intend to conduct business using a name other than your corporation’s legal name. The DBA name is sometimes known as “doing business as” or a “fictitious business name.” Depending on your location, you may need to register the DBA with your state, city, and county. You can skip this step if your business solely uses your legal company name.

Important Information

Paying your Taxes in Nevada

Even if you have established your corporation in Nevada, pay your taxes and keep everything up to date so you won’t pay any penalty. Unlike an LLC, there is a corporate tax that every corporation in Nevada has to pay. On the other hand, they must pay income taxes based on their business income. Some other types of taxes in Nevada are sales tax, franchise tax (not applicable to all the states), and other state taxes.

Cost of Forming a Corporation in Nevada

A filing and annual fee must be paid to form a corporation in Nevada. Without it, your corporation won’t operate. The initial filing fee for a corporation may vary depending on the state. However, in Nevada, it costs $75 for filing online, fax, in person and by mail. The corporation in Nevada also has to file an annual report (though it might not be mandatory, it is recommended to file one). Ensure you comply with all the necessary fees and costs so your corporation will run successfully and smoothly. If, in the future, you make any changes to your corporation, you must file the Nevada Amendment. It costs $175 to file an amendment in Nevada.

Advantages of Starting a Corporation in Nevada

  1. Limited Liability: The biggest advantage of setting up a Nevada corporation is that the shareholders are not personally responsible for the debts of the company. As a result, when you incorporate as a corporation, personal assets like homes, vehicles, and other possessions are prohibited. One of the main benefits of setting up a corporation over a general partnership or sole proprietorship business structure is that neither the business nor the owners are held legally responsible for the obligations of the business, even if it means giving up their personal assets.
  1. Limitless Corporation: The fact that a corporation’s existence is independent of its owners is another significant benefit of incorporation. In other words, a corporation has an endless life and will continue operating normally even if the owner dies or decides to sell their ownership.
  1. Advantages in Tax: The deduction of health insurance premium payments made on behalf of an owner-employee is one of the many financial benefits to which corporations are entitled. Corporations also save on self-employment taxes since their revenue is not subject to workers’ compensation, Social Security, or medical taxes. Tax rates on corporate profits are lower than those on individual income.


What are the benefits of incorporating in Nevada?
Nevada offers numerous benefits to businesses that incorporate in the state, including low taxes, flexible governance, asset protection, privacy, and access to capital.
What are the requirements to incorporate in Nevada?
To incorporate in Nevada, you must file Articles of Incorporation with the Nevada Secretary of State, submit a Certificate of Disclosure, and pay applicable fees.
What is the process for forming a Nevada corporation?
The process for forming a Nevada corporation includes filing Articles of Incorporation with the Nevada Secretary of State, submitting a Certificate of Disclosure, and paying applicable fees.
What is the minimum number of shareholders required to form a Nevada corporation?
The minimum number of shareholders required to form a Nevada corporation is one.
What is the filing fee for Articles of Incorporation in Nevada?
The filing fee for Articles of Incorporation in Nevada is $75.
What is the annual franchise tax in Nevada?
The annual franchise tax in Nevada is $350.
What is the annual fee for a Nevada corporation?
The annual fee for a Nevada corporation is $75.
Is there an expedited filing process for incorporating in Nevada?
Yes, there is an expedited filing process for incorporating in Nevada. The fee for expedited filing is an additional $200.
Is a Nevada corporation required to have a registered agent?
Yes, a Nevada corporation is required to have a registered agent.
How long does it take to incorporate in Nevada?
It typically takes 5-7 business days to incorporate in Nevada.
Does Nevada require annual meetings and reports?
Yes, Nevada requires annual meetings and reports.
What is the personal liability protection for a Nevada corporation?
Nevada provides personal liability protection for a corporation, shielding shareholders from personal responsibility for business debts and obligations.
Does Nevada have any special laws for corporations?
Yes, Nevada has several special laws for corporations, including the Close Corporation Law and the Professional Corporation Law.
Does Nevada allow for single-member corporations?
Yes, Nevada allows for single-member corporations.
Is there a tax on personal income in Nevada?
No, there is no tax on personal income in Nevada.
Is there a tax on corporate income in Nevada?
Yes, there is a tax on corporate income in Nevada.
Does Nevada allow for foreign corporations to incorporate?
Yes, Nevada allows for foreign corporations to incorporate.
Is there an annual report filing requirement in Nevada?
Yes, there is an annual report filing requirement in Nevada.
What is the minimum capital requirement for a Nevada corporation?
There is no minimum capital requirement for a Nevada corporation.
Does Nevada have a corporate income tax?
Yes, Nevada has a corporate income tax.
Does Nevada have an annual franchise tax?
Yes, Nevada has an annual franchise tax of $350.
Does Nevada have a sales tax?
Yes, Nevada has a sales tax of 6.85%.
Does Nevada have any special tax incentives or exemptions?
Yes, Nevada has several special tax incentives and exemptions, including the Nevada Job Creation Tax Credit and the Enterprise Zone Tax Credit.
Is there an annual fee for a Nevada corporation?
Yes, there is an annual fee of $75 for a Nevada corporation.
Does Nevada allow for non-profit corporations?
Yes, Nevada allows for non-profit corporations.
Does Nevada have an LLC statute?
Yes, Nevada has an LLC statute.
Does Nevada offer any special benefits for LLCs?
Yes, Nevada offers several special benefits for LLCs, including asset protection, flexible governance, and access to capital.
Is there a minimum operating agreement requirement for a Nevada LLC?
No, there is no minimum operating agreement requirement for a Nevada LLC.
What are the benefits of forming a corporation in Nevada?
Nevada offers businesses several advantages, including low tax rates, no state income tax on corporate shares, and creditor protection. Additionally, Nevada is a highly business-friendly state with a variety of resources and support for new corporations.
How does Nevada compare to other states in terms of incorporating?
Nevada has less strict regulations and offers stronger asset protection than other states, making it an attractive option for businesses. It also offers more privacy for business owners and corporations, with lower disclosure requirements for corporate information.
What is the process for forming a corporation in Nevada?
The process for forming a corporation in Nevada involves selecting a corporate name, filing articles of incorporation, registering the corporation with the Nevada Secretary of State, obtaining a registered agent, and acquiring a federal tax ID number.
Are there any ongoing fees or requirements to maintain a corporation in Nevada?
There are annual fees and ongoing requirements to maintain a corporation in Nevada, including filing an annual list of officers, maintaining a corporate register, and filing a Nevada Business License.
What are the corporate tax rates in Nevada?
There are no corporate income taxes in Nevada, and corporations are only subject to Nevada’s franchise tax of 0.75% of the corporation’s gross asset value.

Also Read

Why Nevada Corporation is So Important

One of the main draws of forming a Nevada corporation is the state’s business-friendly tax structure. Nevada has no corporate income tax, no franchise tax, and no personal income tax. This favorable tax environment allows businesses to keep more of their profits, increasing their bottom line and enabling them to invest in growth and expansion. Additionally, Nevada corporations are not required to disclose their list of officers and directors, providing an extra layer of privacy and security for business owners.

In addition to tax benefits, Nevada corporations also offer strong asset protection and liability protection. By forming a corporation in Nevada, business owners can protect their personal assets from any legal actions or debts incurred by the company. This peace of mind is invaluable for entrepreneurs who want to protect their hard-earned assets and ensure the viability of their business for years to come.

Furthermore, Nevada corporations have more flexibility and fewer restrictions than corporations in other states. For example, Nevada does not require a company to have a board of directors or hold annual meetings, making it easier for business owners to operate their company without unnecessary bureaucratic hurdles. Additionally, Nevada allows for one-person corporations, further simplifying the process for solo entrepreneurs looking to incorporate their business.

Another advantage of forming a Nevada corporation is the state’s robust legal system and business infrastructure. Nevada has a well-established court system that is known for its fairness and efficiency, making it easier for businesses to resolve any legal disputes that may arise. Additionally, Nevada has a strong network of business professionals, including lawyers, accountants, and business consultants, who can provide valuable guidance and support to new and established businesses alike.

Finally, the reputation and credibility of a Nevada corporation can open doors to new opportunities and partnerships. Many clients, investors, and business partners view Nevada corporations favorably due to the state’s strong business protections and regulations. By establishing a Nevada corporation, businesses can signal to the market that they are serious, stable, and committed to long-term success.

In conclusion, the Nevada corporation is important for a variety of reasons, including its favorable tax structure, strong asset protection, flexibility, legal system, and reputation. For entrepreneurs looking to start or expand their business, choosing to form a Nevada corporation can provide numerous benefits and advantages that can help drive growth and success. Ultimately, the Nevada corporation is a powerful tool that can help businesses thrive in today’s competitive marketplace.


When determining which corporate form is best for you, be selective. You must know which business structure is bet-fitted for your product/service in Nevada. Consult a legal professional before you take the first step while setting up your business. Finding the ideal ratio of corporate advantages and legal protection that meets your unique needs is very important. In forming a corporation in Nevada, you need to ensure that every detail is well-formed so that your corporation will be successful. And if you have any questions, share them in the comment section below.

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