Congratulations on securing your State License from the Nevada Secretary of State. So, what now? Can you legally conduct business? Well, more often than not, your business will be required to have a local license at the county or city level. Depending on the operation of your business, you may be required to secure what's called a "privilege license" in Nevada.
The range of nonprofit organizations in Nevada is ever growing. It's no secret that nonprofits are eligible for a federal tax exempt status and this makes forming this type of entity popular with potential business owners. But the increasing popularity has also brought more dishonesty. In the current climate of nonprofits, with news stories of organizational corruption increasing, the Internal Revenue Service began to narrow its focus on the organizations and excess benefit transactions.
As a business owner, you will certainly be faced with the task of hiring new employees. While you are focused on getting the right person for the job, there are certain legal requirements that you cannot overlook to avoid being sued for discrimination or liability issues.
If you are starting your own business, one of the first things you will need to decide is how you will organize it. The structure that will work best for your business depends on your business's needs for protection from liability and tax advantages. The most common types of business structures include sole proprietorships, partnerships, LLCs, corporations, and nonprofits. A Las Vegas business lawyer might suggest the type of structure that would work best for his or her client's business.