Known as the "Delaware of the West", Nevada has
become a very popular venue in which to form a corporation
because of its many advantages, among which are the following:
No Corporate Income Tax
No Taxes on Corporate Shares
No Personal Income Tax
No I.R.S. Information Sharing Agreement
Nominal Annual Fees
Minimal Reporting and Disclosure Requirements
Stockholders are not Public Record
However, many people are not aware that there is a requirement
that a company actually "doing business" in Nevada
must register and file and pay a business tax (based on number
of employees.) The State of Nevada requires that all businesses
doing business in the State of Nevada secure a Business License
from the Tax Division of the State of Nevada at the time of
The good news is that, if you meet these requirements and
you did not comply, there is an amnesty program in effect
for companies that have not complied with the State requirement.
This amnesty program runs until the end of this month (June
30, 2002.) Roughly put, the amnesty program requires that
all companies not licensed complete and file the appropriate
forms along with State tax returns for the years in business.
The information and forms necessary to comply with either
can be found at www.tax.state.nv.us.
There is a link at the top of the page for information on
the amnesty program. If you then follow the forms link at
the top of the home page and then the link for general purpose,
you will see the two forms necessary to comply with the requirement.
The first is the Nevada Business Registration form (APP-01.00)
and the second on the list of general
purpose forms is the supplemental application (APP-01.01).
must be completed and submitted along with a check for $25.00.
Again, please note that the critical date for you to avoid
any penalties for non-compliance is June 30th, 2002. Please
feel free to call us toll-free at 1.888.664.6263 if you have
any questions or if we can ever be of service in this or any
The Corporate Specialist team at Start a Business.com, Inc.