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Why Operate A Business in Southern Nevada

If you are considering establishing your own business, you've come to the right region.

Las Vegas metro area is free of many taxes  found in other locales.

There is also plenty of assistance here from the local business community as well as city government.

The cost of living, which is lower than in many comparable U.S. cities, has made Las Vegas a highly desirable place to call home.

Property taxes are moderate. 

Housing costs are now at their lowest levels in many years, making it a great time to enter the Las Vegas real estate market.

Why Southern Nevada:

Business-friendly state and local government
No state corporate income tax
No personal income tax
Excellent state incentives
Educated, expanding and cost-effective workforce
America’s finest telecommunications and technology infrastructure
UNLV Harry Reid Research & Technology Park
Fee local government supported seminars
Affordable commercial property
Desirable destination for business travel
No inventory tax
Competitive Sales and Property Tax Rates
Minimal Employer Payroll Tax
Incentives that never expire
Dependable, expanding energy base
McCarran International Airport €“ America€™s seventh busiest
Foreign Trade Zone #89
Las Vegas is an Inland Port of Entry

BUSINESS INCENTIVE PROGRAMS

The economic development incentive programs offered at the state level include:

Sales and Use Tax Abatement: An abatement of sales and use tax on eligible machinery and equipment is available to businesses with operations consistent to Nevada's state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employment health plans and wage requirements.

Sales Tax Deferral Program: The state of Nevada offers a sales and use tax deferment program to qualified industries that purchase specific types of capital equipment in excess of $100,000. Taxes can be deferred interest-free for up to five years.

Personal Property Tax Abatement: An abatement of personal property tax is available to new and expanding businesses. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employment health plans, minimum capital investment and wage requirements.

Property Tax Abatement for Recycling: Real and personal property tax abatement is available to qualified recycling businesses. At least Fifty percent of the material or product must be recycled on site. 50 percent of real and personal property tax can be abated for up to 10 consecutive years. An acknowledgement from local government entities and a commitment from the company to stay in Nevada are required.

Industrial Development Bonds: Nevada is authorized to use tax-exempt IDB’s to provide low interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other projects organized under Section 501 of the Internal Revenue Service code.

In addition, the state of Nevada offers many business assistance programs designed to encourage the growth and development of private enterprise. Some of the most popular programs are:

 Green Building Abatements.
 Renewable and Energy Storage Abatements.
 Nevada Hub Zone Development.
 Train Employees Now.

As a business owner, real estate costs can be a significant portion of your fixed expenses.

Key factors:

Las Vegas, Off The Strip, Is Known For It's Gorgeous Golf Clubs, 300 Days of Sunshine And Excellent Choice Of Communities To Call Las Vegas Home.  

Las Vegas Offers Homes For Sale At A Lower Price Than The National Average.  With The Lower Cost Of Living, Residents Can Enjoy All The City of Las Vegas Has To Offer, From A Plethora Of Entertainment Options, Outdoor Activities, Ballet, Theater, Golf, Museums and Fine Dining.  

There's Something For Everyone Who Calls Las Vegas Home!

Call 702-677-8796 Now - Complimentary Consultation

We Sell Homes That Fit All Budgets! 

Forming a Nevada Corporation or Qualifying as a Foreign (Non-Nevada) Corporation

Nevada, for most people, offers more benefits for incorporating!

Corporations and Limited Liability Companies (LLCs) are required by state law to have an address where they can receive important legal and tax documents during all business hours. The person or firm receiving these documents is known as the company's "Registered Agent."

For reasons including convenience and reliability, most established businesses choose a third-party Registered Agent (like The Company Corporation) to handle their legal documents.

Documents received by your Registered Agent can include:

  • Service of Process, including notification of a lawsuit or court summons
  • State correspondence, such as annual reports or statements
  • Tax documents

Once the Registered Agent receives your company documents, they quickly forward them to your business, where you or your legal counsel can take timely action on them. 

Contact Us - Call 702-677-8796 Today!

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 Las Vegas Realtor, Linda Strasberg

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