Corporate Name Requirements
* The name must not be the same or deceptively similar to name of any corporation, limited partnership or limited-liability company, or a foreign corporation, foreign limited partnership or foreign limited-liability company, or a name reserved for use of any other proposed corporation, unless written consent of person or other entity for whom the name is reserved is filed with articles. A name appearing to be that of a natural person and containing a given name or initials must not be used as corporate name except with an additional word such as “Incorporated,” “Limited,” “Inc.,” “Ltd.,” “Company,” “Co.,” “Corporation,” “Corp.” or other word which identifies it as not being the name of a natural person. If name implies banking, trust, or insurance powers, prior approval of banking superintendent or insurance commissioner is needed.
Articles of Incorporation Requirements
- Minimum Number – One or more.
- Residence Requirements. – No provision.
- Age Requirements – Must be 18 or older.
- Directors are not required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- An increase in the shares may cause an increase in the initial filing fee.
- Domestic and foreign corporations must file by last day of month in which anniversary date of incorporation occurs an annual list of officers and directors and designation of resident agent. Filing fee, $85.
Income Tax Rate
- Businesses with gross receipts exceeding $4,000,000 during the Nevada tax year (July 1 to June 30) are required to pay a Commerce Tax. The commerce tax has 26 business categories that determine an entity’s tax rate. The tax rate varies by category and ranges from 0.051% to 0.331%.
For more tax information, go to the Nevada Department of Taxation
- Shareholders have limited liability protection
- May be listed and traded as a publiccorporation on the stock market or “over the counter”
- Has a separate and independent tax status from its owners
- Profits are not subject to “double taxation”
- Corporate losses may be “passed through” to share holders
- Shareholders are afforded the same protection as C Corp.
- Contains characteristics of both corporation and partnership
- Shareholders may take advantage of “Pass-Through” taxation
- Limited liability for share holders
Not for profit corp
- Eligible for tax-exempt status
- Limited Liability protection
- Qualify for public and private gains