How to Form an S Corporation in Nevada

Introduction

Ready to form an S corporation? Nevada makes it easy. In this article, we’ll cover all the steps you need to take and show you where to get them done.

Choose a Name for the S Corporation

You will need to choose a legal name for your S Corporation. The name must be unique and distinct from any other business entity in Nevada that has already been established, so you should make sure that the name you choose is not currently being used by another business or is similar enough that it could cause confusion with an existing business or trademark. You can also abbreviate your corporation’s name as long as it does not conflict with another entity within the state of Nevada.

Your new corporation’s legal title must include “Limited Liability Company” or “Limited Liability Company” (with or without abbreviations such as LLC) somewhere in its name. If desired, you may add words like “corporation,” “company,” “incorporated,” etc., after the phrase “limited liability company” to better clarify what kind of company you have formed.

Appoint a Registered Agent

A registered agent is an individual or a business that has been authorized to accept legal and official documents on behalf of the corporation. A registered agent must have a physical address in Nevada, which you can use as your registered office address (the place where official records are kept).

• Find a registered agent: You can find one through the Secretary of State’s website or by asking other people you know who are in business for themselves. The cost of hiring a registered agent varies; however, Nevada does not allow for any fees to be charged against your company’s funds unless the filing is made online.
• What information does a secretary need to provide? A secretary’s duties include collecting and maintaining accurate records about meetings held by directors (including directors’ signatures), creating minutes from those meetings and keeping track of corporate actions taken by directors as they occur during their term in office—among other responsibilities outlined under Nevada law

File Articles of Incorporation

To register as an S corporation in Nevada, you need to file articles of incorporation with the Secretary of State. The articles must include:

• The name of your company (it cannot be the same as another company that has already filed its articles)
• Your address (mailing and physical)
• A statement describing your purpose, which can be either general in nature or specific to one industry (such as “General Manufacturing”), depending on what best suits your business model. If you don’t have a purpose ready yet but are just starting up, write “to engage in any lawful activity.” Be sure to consult with a tax professional before making this decision if there’s any uncertainty about how best to proceed.
• The duration of your corporation—this has no bearing on how long it takes for approval from the state since all S corporations start off at perpetual duration anyway! Just fill out whichever option is most appropriate for what you want: Five Years or Ten Years (renewable).

Prepare Bylaws

You will also need to prepare bylaws. The bylaws are the rules that govern your company and should be prepared and adopted by your board of directors. In Nevada, these have to be in writing and filed with the secretary of state before you can file articles of incorporation (see next section).

The Nevada Secretary of State requires that the document contains certain information, including:

• Purpose, purposes or powers (what you intend for your corporation)
• Name(s) of shareholders who can vote for that purpose or power
• Shareholders’ rights (e.g., whether they have voting rights equal to their shares owned)

Hold an Organizational Meeting and Adopt Bylaws

Hold an organizational meeting and adopt bylaws.

In order to form your corporation, you’ll need to hold an organizational meeting. Your initial board of directors should be present at this meeting and vote on the following issues:

• Appointing officers
• Adopting bylaws
• Establishing corporate records bookkeeping procedures, including minutes of all meetings, stock certificates issued (if any), and minutes of shareholder votes taken. You must also issue stock certificates if you plan on selling shares in your business

Prepare and Distribute Stock Certificates

Stock certificates are the physical documents that represent your company’s ownership in a corporation. They can be used to prove ownership and transfer ownership of stock, as well as act as an official record of who holds what shares in the company.

In order to prepare and distribute stock certificates, you’ll need a business seal (or another form of signature), which will be affixed to each certificate before it is issued. You may also choose to have an authorized signature placed on each certificate so that one person can sign multiple certificates without having to sign them individually.

Distributing stock certificates offers several advantages over distributing other types of forms or documents: they’re durable, recognizable by those who receive them and easy for customers or employees to carry around with them; they don’t require additional postage because they’re mailed flat instead of folded; they’re easy enough for any recipient—even those without strong computer skills—to read and understand; companies can issue custom-designed certificates if desired at little cost; etcetera

Create Corporate Records Book

• Create a corporate records book.
• You’ll need to create an official corporate record book in order to keep track of all the important legal documents for your corporation. Your corporate records book should include:
• A copy of each shareholder’s stock certificate, showing their name and number of shares owned.
• Update it regularly.
• You should update your corporate records book whenever there is any significant change to the ownership or management of your business, including when new shareholders are added or when someone leaves the company (so they can be removed from the list).

The process of forming an S Corporation in Nevada can be done easily. It’s important to remember that the state doesn’t impose any restrictions on who can form an S Corporation or what type of business it must be. In fact, you don’t even need to have a physical office location or employees for your company to qualify as one!