Nevada Incorporation Services Key Terms

Identify the benefits of doing business by learning Nevada incorporation services key terms

By Apryl Beverly

Incorporating a business in Nevada can afford you increased legal protection for personal liability. Nevada is well known for its laws that protect the interests of company owners, which makes the state an ideal location for incorporating a business. Some of the benefits of incorporating in Nevada include no corporate, personal income, franchise and various other tax obligations.

Incorporating a business is not a difficult process as long as you follow the minimum requirements regarding what information should be filed with the state. Gaining insight into a few Nevada incorporation services key terms will help to ease the process.

Articles of Nevada incorporation

An article of incorporation in Nevada is simply a formal statement detailing how your business will operate. Articles of incorporation must be filed with the Nevada Secretary of State. At minimum, your article of incorporation information must include your company's name and address, a broad definition of products/services your business will market, stock information and the name of a registered agent - an individual who is authorized to receive confidential documents on behalf of your company.
Try: Get an application for a Nevada articles of incorporation from the Nevada Secretary of State.

Limited liability company (LLC)

A limited liability company is a business structure. The primary differences between an LLC and a corporation are: (1) a limited liability corporation has different tax requirements and (2) an LLC also offers another tier of liability protection - charging protection order - which offers lawsuit protection.
Try: Learn more about forming a Nevada LLC at Asset Protection Consulting Group.

S-corporation (S-corp)

An S-corp is a Nevada business structure that is legally recognized as an individual entity separate from its owners or shareholders. Nevada corporations can choose to create a Subchapter "S" Election.
Try: Learn more about Nevada S-corporations at Nevada Corporate Headquarters.

C-corporation (C-corp)

Unlike an S-corp, a C-corp company has no pass-through taxation. There are several tax advantages to forming a C-corp in Nevada, including no personal or company income or cpaital gains tax.
Try: Find out more about Nevada C-corp business structures at NAFEP.

Doing business as (DBA)

DBA means that a Nevada company is operating under an additional name. Companies operating under an alternate name are required by the state of Nevada to file a DBA registration. Nevada corporations and LLCs are required to register DBAs with the county government.
Try: Learn more about Nevada DBAs at The Company Corporation.

Bearer shares

Bearer shares are corporation shares issued to the bearer in Nevada. Before 2007, Wyoming and Nevada were the only two states that permitted the issuance of bearer shares.
Try: Learn more about bearer shares at Nevada Corporation Services.