Nevada Business License Exemption Ended

Looks like Nevada Secretary of State Ross Miller finally got his way. In a late-afternoon legislative committee meeting on March 8th, he got the votes he wanted to redefine Nevada law to state that the low-profit, home-based business license exemption no longer applies to LLC, partnership or corporation owners. By March 9th, the new forms were already up on the Nevada Secretary of State’s website showing that the 003 exemption for home-based businesses, had been removed.

The Secretary of State’s office put out a press release on March 9th, confirming that the vote had been passed. You can read more about it here, along with a link to the new regulation, here.

If you have a Nevada company, don’t live here, and don’t want to pay the extra $200/year fee, then why not contact us about our special Wyoming offer? As long as your company is in good standing, we can move you to Wyoming for less than it will cost you to renew in Nevada and pay resident agent fees here. Plus, in future years you’ll pay less than half of what you have been paying.

There are many variables when you’re structuring a business. That’s why it’s hard to go through a quick-service website. Unless you talk to someone who’s got some knowledge and experience on both the tax and the legal side, it’s hard to know what you don’t know. And that can leave you vulnerable.

Got questions? Contact us! We’re here for you.

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