You Inc.

Description

In 2003, the Nevada Legislature enacted legislation requiring all business in the State of Nevada to obtain a State Business License. The definition of what constitutes doing business in Nevada and the exemptions to licensing are found in NRS 360: 760-798. This requirement, unlike a local business license which also considers zoning and land use issues, is solely a revenue generating device. All entities created in Nevada, with very few exceptions, are required to obtain this license. In 2009, the Nevada Legislature transferred collection responsibility from the Nevada Department of Taxation to the Nevada Secretary of State to be collected with the annual renewal filing for the entity. This has caused considerable confusion as these annual filings are now requiring proof of licensing. Unfortunately, this will be another fee that must be considered as part of the cost of maintaining a Nevada corporation or limited liability company.

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