Discussion:Doing Business in Nevada
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Discussion Forum Index --> Advanced Tax Questions --> Doing Business in Nevada
Discussion Forum Index --> Tax Questions --> Doing Business in Nevada
| 17 June 2008 | |
| I have a client who purchased a condo in Nevada last year as a vacation home and rental property. They formed a WA State LLC and transferred the condo into the LLC. They rented it out a little bit last year, but will rent it out more this year and in future years. Do they have to register with the State of Nevada as a foreign corporation (LLC) doing business in Nevada? I can't tell and when I called the Nevada Secretary of State they told me they didn't know either and that I should contact an attorney. | |
TheTinCook (talk|edits) said: | 17 June 2008 |
| Yes it's doing business in NV and it needs to register. | |
| 17 June 2008 | |
| It sounds to me that if they intend to be protected by the limited liability company laws of Nevada, they need to file for a certificate of authority to operate in that state. A Limited Liability Company is an unincorporated business, so corporation laws do not apply.
Go to the Nevada SOS website to get the form and follow their directions. | |
| 18 June 2008 | |
| I am unfamiliar with Nevada laws, but I wonder if it would make better sense for them to dissolve the WA LLC and just create a new Nevada LLC. Any thoughts on that? | |
Michaelstar (talk|edits) said: | 18 June 2008 |
| If they live in WA, you'll need to confirm that by their running the LLC from WA whether they need to also be registered in that state as well. | |
| 18 June 2008 | |
| Nevada has very relaxed tax laws. It's interesting, isn't it, that you client has chosen two states that do not have income taxes, so I doubt if any state tax returns will be filed. | |
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