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.
More than half of all new restaurants fail within the first year, and the statistics for other types of business aren't much higher. When you come up with a new business idea, you might spend years researching your idea and comparing other businesses before looking at funding or applying for loans. The most successful business owners plan for the unexpected problems that can pop up in the future.
With the rising popularity of short-term rental investments, and the growing interest of the public to find hotel alternatives, the local government in Nevada decided to take a closer look into the short-term rental industry. It's no surprise that the local authorities have begun to crack down on rentals without proper documentation. It's not only the government questioning these rentals but the neighbors of these homes as well. If you're planning on converting property in Southern Nevada into a short-term rental listing then you'll want to make sure you protect your investment with the proper documentation.