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Company in Nevada – Company establishment Nevada, USA

Population: 1,111,000. inhabitants
Official language: English
Official currency: American USD

Big part of the State of Nevada is desert, semi-desert with bare rocks and chains of mountains. There are two bigger desert areas, the Amargosa Desert in the south and the Black Rock and Owyee Deser in the northwest. The high mountains in the middle are covered by forests, such as the Humboldt National Forest and the Toiyabe National Forest. The State of Nevada has the least population in the USA. The cities with more inhabitants are Las Vegas in the south, Reno in the west and the capital: Carson City.
Its legal system is based on the Anglo-Saxon laws differing from the practice accepted in Central-Europe. The jurisdiction is fairly liberal.
The registration, the start and the operation of an established company is more flexible in Nevada than in the bureaucratic Europe. A company established in Nevada shall not pay tax but the federal tax if it has no business operation in the USA (but anywhere in the world).
Nevada is supposed to be a popular place to establish corporations or limited liability companies and the companies can be one-man companies as well.
The companies registered here have just a few annual obligations to report. The corporation is entitled to issue transferable shares. The directors and the owners can be natural and legal persons as well. Any of the terms of Limited, Ltd, Incorporated, Inc, Corporation, Corp, Company, Co shall be added to the name of the company. It shall be considered during the establishment of a company that the USA is a federal republic where each state and the federal government have separate regulations and administration.
The business operation and the procedure of company establishment are the subject of all regulations but a company operating in a given state is supposed to be the subject of the laws of the related state. The states provide different benefits for the investments and the establishment of new jobs. The jurisdictions and the tax regulations are different in each state. The most important point for the company establishment in the USA is that the registration shall be made on state and federal level as well. The very first step of the company establishment is the application for the federal tax identification number at IRS.

The conditions of the company establishment in Nevada are the followings :

- the register of the companies is kept by the authority of the related state
- the owners are not listed in the registers
- the information on the directors and the representatives shall be registered only
- foreign private persons and foreign companies can be owners as well
- one person can establish an incorporation (Inc) or LLC.
- it is not necessary to determine the activity of the company
- the owners and the managers shall not have official residence in the USA
- the postal address and the address of operation shall be stated

The procedure of the company establishment starts with the formation of the Certificate of Incorporation. This deed determines the name of the company, the date of establishment, the management, the registered agent and the postal address of the company. The State Office issues two documents after the registration: the approved Articles of Incorporation and a Certificate of Incorporation. The Employer Identification Number is provided after the registration of the company by the IRS.

Main types of companies :

Standard Corporation Inc.( it is the most popular amongst the foreigners ) :
( proposed form of the company )
- any number of shareholders is possible
- its shares can be sold at the stock exchange
- the owners have no personal responsibility for the operation of the company
- no basic capital is required at the time of the establishment
- regulations on the management: issue of shares, general meeting of the members, company structure and rules of operation

Limited Liability Companies LLC. :
- the owners are responsible to the extent of the amount taken into the company
- the owners can be private persons or companies
- no basic capital is required at the time of the establishment
- regulations on the management: minimal documentation of the management

Joint Venture :
- can be organised on the basis of company or partnership.


Affiliate : independent economic unit without legal personality established by a foreign company. For instance, permanent business premises, long-term operation. The affiliate is established by registration. The affiliate can employ employees.

Commercial representative office : independent organisation without business operation established by a foreign company. It is established by registration. Its purpose is to prepare or execute the contract on behalf of the foreign company, to inform the customers and to keep contacts.

Bank system, financing :

The financial system is strong and mellow. Any financing from the risk capital investment via the bank credits to the mortgage of free application is available easily and quickly. The banks are competing to finance the starting companies and provide the banking services.