Significant Facts You Need to Know about the State of Nevada Corporations and LLCs!

  • 90% of corporations conceived in the State of Nevada do not necessitate an business office, mail forwarding, trust accounts or telephone lines!
  • 52% of all states don’t extend punitory restitution!
  • If you miss just one of the five verification components involved for an entertainment price reduction, the Internal Revenue Service possesses every right to hit you with a 74% civil fraud penalty!
  • The chance of being sued within 5 years? 1 in 3, if the business has been operating 10 years or more! Could your existing structure subsist a lawsuit?
  • Are you a hardworking sole proprietor? Do you own personal assets? Can you feel the lightening rod looming above you; poised to kill your net profit worth?
  • 25% of insurance companies have closed down since 1980. Will yours be next? Is this acceptable to you?
  • Bringing in a new partner in on your corporate is the quickest way to damage your surviving entity. Find a better way, there can be other alternatives!
  • 25% of people who form corporations in the Nevada State without proper coaching as to which one corporation is best for their situation end up with the wrong company-and a lot of trouble later on!
  • 65% of corporation errors are induced when advisors communicate crucial data to only one partner and then that partner tries to share it with the other partner.
  • Most people omit tax savings for two reasons: lack of significant info and lack of motivation; don’t let this occur with you!
  • 15% of corporate failures are due to not having enough information; when people think they know it all.
  • It’s been proven time and time again that when you invest in the decent trend Lines to commence your new business, you salvage 1000s in the period of your first year alone; saving on a lot of frustration! It’s like knowing what you have to do to employ a top saleman which redeems you a easy $30,000/per person!
  • Choose the right business before establishing your State of Nevada Corporations

    • Don’t you desire to understand you’re establishing the right determination BEFORE you form your company?
    • Figured out what your time is worth? If you’re serious about making the proper corporation, it makes sense to take off off on the proper foot. Save yourself time by forming with experts who offer you with the data you and your experts need to produce the best determination for yourself.
    • Do you understand why and when the information shared above may play a major purpose in your position?

    Pharmacy Technician Schools: Nevada Medical Vocational Schools

    Have you ever wanted to get into the medical field as a Pharmacy Technician? How do you become a Pharmacy Technician? If you currently live, or want to relocate to Nevada then I can offer a few helpful suggestions to get you started. First let us go over what a Pharmacy Technician is, and what are some of their common responsibilities. A Pharmacy Technician’s job is to help licensed pharmacists provide medication and other healthcare related products to patients. Technicians usually carry out everyday tasks to help prepare prescribed medication for patients, such as counting tablets or labeling bottles. Technicians refer any questions regarding prescriptions, drug information, or health matters to a licensed pharmacist.

    So what do you do if you decide that you want to be a Pharmacy Technician? If you live near Nevada you are close to some of the best schools in the country. Possible choices include the Professional Career Development Institute or the TechSkills Medical in Las Vegas, just to name a few. With a Pharmacy School you can get fast, hands on training at a great value. If a student loan is necessary, in a lot of cases extended terms help keep payments low, and eligible students may be allowed to defer their loan payments during their studies, so you can work on paying your loan off after you get your job!

    If you are interested in starting a career in pharmacy, head over to medvotech.nurseuniverse.com and submit your application. We are taking applications from people interested in becoming not only Pharmacy Technicians, but virtually all Vocational Medical Related Positions. We will contact you as soon as a school has previewed your application. In no way does filling out an application commit you to anything.

    Thank you, enjoy your day!

    Business License Requirements For A Carpet Cleaning Business In Nevada

    There is no denying that opening a carpet cleaning business in Nevada is a great way to earn money as your own boss. Theoretically speaking, this is a relatively straightforward business to start, with low overhead, and furthermore little experience needed. Moreover start up costs can be reduced further, if you shop around. In addition, there is a steady market for quality work.

    Carpet Cleaning Instruments:

    It is worth pointing that number of carpet cleaning instruments can be purchased for around two thousand to three thousand dollars. In case if you already own a vehicle that will carry your instrument, then you are on your way. Researching shampoo machines and other instruments is virtually a cakewalk on the Internet, as there are plenty of websites associated to carpet cleaning supplies.

    Carpet cleaning instruments is getting revolutionized with every passing day, as is pretty much the case with the other industries. As a matter of fact newer and stronger shampooing machines are available online. In addition, there are also better shampoos as well as excellent drying systems that will leave the carpet cleaner longer. Remember that clients will pay for quality, not for someone to have to come back in say 10 or 15 days later. In an ideal scenario you can even get machines that mount to a truck and are stronger as compared to the portable kind.

    Research licenses:

    As is the case with any small business, you will require to research licenses for your area for your carpet cleaning business. If experts are to be believed, check State and local governments to make sure you will not required permits or licenses. That’s why; you will require making sure you have all of your legal formalities met when you start your business.

    Type of Carpet Cleaning Services:

    After these things, comes the next step of choosing which type of carpet cleaning services you are going to offer. In simple terms, households will not have their carpets cleaned say more than four or five times a year, if that often. That’s why; it is of utmost importance that you focus on a big residential clientele list if this is the sole direction you wish to go.

    Furthermore, there are the retail and commercial businesses that needs cleaning more regularly. The instruments required to clean both residential and commercial locations are pretty much same and majority of carpet cleaning services will routinely take care of both types of customers. For more info on carpet cleaning business, contact small business counselor in your area.

    Incorporating a Business in Nevada

    If you would like to incorporate in Nevada, you are not alone. Nevada is a business-friendly state, and many businesses choose to form an LLC in Nevada, as well as other corporate business structures. When it comes time to finding help concerning how to incorporate, business owners turn to trustworthy online incorporation services, whose purpose is to get your business set up as a corporation in any state you wish. When it comes time to incorporate, Nevada is the first choice of many for several good reasons.

    As a small business, such as a Nevada limited liability company, you will be pleased to hear that a single person may hold the positions of all the corporate offices of company president, secretary and treasurer, if you wish. You may, however, choose to bring on other shareholders and members, if that is a better business decision for your specific company.

    Many businesses choose to incorporate in Nevada because of liability issues. Persons owning corporations do not run the risk of having their personal assets lost if the company is sued. One of the advantages to incorporating in Nevada is that this state has gotten rid of what is called “joint and several liabilities.” Normally, if a corporation gets sued, you and all of your shareholders are equally responsible, no matter how much each person might have had to do with actually causing the damage. This is not the case in Nevada, where each defendant is required to pay a share of the total penalty that is equal to his or her actual responsibility for the damage. The court assigns the percentage of liability in these instances.

    In Nevada, the filing fees for incorporating in Nevada are much lower than those in other states, which can run into several hundred dollars depending on the particular state in question. If you choose to form an LLC in Nevada, you will receive the same protections as a corporate entity would, another impressive advantage to a Nevada limited liability company.

    If your business is physically operated and located in Nevada, and if your employees are legal residents of the state of Nevada, you will enjoy other benefits. One big one is that there is no state income tax that your business will need to pay. Another benefit to Nevada business owners is that Nevada does not exchange information with the Internal Revenue Service. Again, this applies only to Nevada-based businesses with resident of Nevada employees.

    It can make sense to incorporate in Nevada if you are a small business owner. To be sure if Nevada incorporation is a smart move for you and your company, you will want to contact an accountant or tax adviser, or a lawyer, but this can be a costly option. Many business owners turn to online services, who have knowledge of each state’s requirements for incorporation, and can handle the paperwork for you so that your business is properly incorporated in any state you wish.

    Obtaining an LLC in Nevada

    You might have heard, if you are a new small business owner, that Nevada has state laws favorable to business. This being the case, you might be considering Nevada incorporation for your small business. There are several factors that you will want to consider to determine if obtaining a Nevada LLC will be the best solution for business incorporation for your particular business.

    Businesses like to form an LLC in Nevada because Nevada does not have a state income tax. So if your business is located in and operates from Nevada, and any employees of your business are legal residents of Nevada, then you would qualify for this tax benefit. If, however, your business is located in another state and you choose to register in Nevada, you might still be liable for your business location state’s income tax.

    If you choose to incorporate in Nevada, your privacy will be protected to a minor degree, more so than in several other states. This is because a corporations shareholders’ names are not in the Nevada Secretary of State’s records. However, their names can be listed on a Nevada business license, and they can be listed if you operate your business in a different home state as well.

    As a major reason as to why incorporate, business owners often think of taxes. One advantage to owning and operating a business in Nevada is that Nevada does not exchange information with the Internal Revenue Service. It does bear mentioning that if your business is registered in another state, that other state, with the exception of Texas, does have an information exchange agreement with the IRS.

    Another benefit to listing Nevada, Inc. as one of your business’s credentials has to do with the corporate veil, or the amount of liability you would assume if your business was sued. The corporate veil refers to the idea that in legal terms your business would have limited liability, one of the benefits of incorporating. It is more difficult to pierce the corporate veil in Nevada than in many other states. This is because a plaintiff in a lawsuit against a Nevada corporation must prove in court three things in order to gain access to your personal assets. They include the corporation being under an undue influence of the principal in the business, that the ethical line between ownership and interest in the company has been removed or made fuzzy, and that the classification of the corporation as an entity separate from the principal would be considered a fraud under the circumstances of which the case was brought. All three must be proved by the plaintiff, or the case will usually be dismissed in Nevada courts.

    If you want to form an LLC, you might find it prudent to consult with a Nevada incorporation online service, who can answer all of your specific questions regarding incorporating your particular business.

    Piercing the Nevada Corporate Veil

    In Nevada, “piercing the corporate veil” is now the subject of a statute, NRS 78.747. Under section 2 of this statute, to establish an “alter ego,” three things must be proven:
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    a. The corporation is influenced and governed by the stockholder, director or officer;
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    b. There is such unity of interest and ownership that the corporation and the stockholder, director or officer are inseparable from each other; and
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    c. Adherence to the corporate fiction of a separate entity would sanction fraud or promote a manifest injustice.
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    This statute is a codification of the test enunciated in prior case law. See, e.g., Ecklund v. Nevada Wholesale Lumber Co., 93 Nev. 196, 562 P.2d 479 (1977), where it was also held that all three elements must be proven to pierce the corporate veil. In any case, as the Court stated in Baer v. Amos J Walker, Inc., 85 Nev. 219, 220, 452 P.2d 916, 916 (1969), “The corporate cloak is not lightly thrown aside.”
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    Turning to other relevant considerations, in North Arlington Medical Building, Inc. v. Sanchez Construction Co., 86 Nev. 515, 471 P.2d 240 (1970), where this Court listed, in footnote 3 to its opinion, some 22 factors tending to establish the second element of NRS 78.747(2). In Polaris, however, this Court noted that ”

    Nevada Drug Possession, Sale and Trafficking Laws

    The impact for a drug conviction can be severe for misdemeanor and felony offenses in Nevada. With the widespread use of background checks, a conviction can shut many doors for future employment opportunities.
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    Certain fields may be especially thorough with background checks and will disqualify individuals with drug convictions. This includes many healthcare fields, law enforcement agencies, and other government bodies. Given what is at stake, it is important to understand the Nevada drug laws, even if you are being represented by a defense attorney.
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    Currently, Nevada laws strictly penal individuals arrested for possession, manufacturing, cultivation and trafficking of illegal drugs. Commonly used drugs in this list include cocaine, heroin, opium, LSD, ecstasy and a variety of other narcotics.
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    Chapter 453 of the Nevada Controlled Substances Act defines the schedule of drugs, allowances and penalties in the state. Some of the defined offsets are:

    • NRS 453.316 – Maintaining a place for unlawful sale, gift or use of a controlled substance
    • NRS 453.321 – Offer, attempt, or commission of unauthorized acts relating to controlled substances
    • NRS 453.322 – Offer, attempt, or commission of manufacturing or compounding of controlled substances
    • NRS 453.331 – Distribution of controlled substances, use of unauthorized registration number and possession of signed blank prescription forms
    • NRS 453.333 – Second or subsequence offense for selling a controlled substance to a minor
    • NRS 453.336 – Unlawful possession not for purpose of sale
    • NRS 453.337 – Unlawful possession for sale of flunitrazepam (Rohypnol), gamma-hydroxybutyrate (GHB) and schedule I or II substances
    • NRS 453.338 – Unlawful possession for sale of schedule III, IV, or V substances
    • NRS 453.3385 – Trafficking in controlled substances Trafficking in controlled substances: Rohypnol, GHB, and schedule I substances (not including marijuana)
    • NRS 453.339 – Marijuana trafficking

    Penalties for drug crimes in Nevada can vary, depending on the specific criminal liability, circumstances of the arrest, amount of illegal drugs involved, previous criminal history of the alleged offender, and strength of the defense or prosecution of case. Under Nevada’s Controlled Substances act, the most common offenses may be punished as follows:
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    Drug Possession, Not For Sale

    • Class E Felony (1st or 2nd offense, schedule I, II, III, or IV ) – 1 to 4 years in state prison or probation and / or up to $ 5,000 in fines
    • Class D Felony (3rd or subsidiary offense, schedule I, II, III, or IV) – between 1 and 4 years in state prison and / or up to $ 5,000 in fines
    • Class E Felony (1st offense, schedule V) – between 1 and 4 years in prison or probation and / or fines up to $ 5,000
    • Class D Felony (2nd or subsequent offense, schedule V) – 1 to 4 years in Nevada state prison and / or up to $ 5,000 in fines

    Unlawful Possession of Schedule I or II Drugs, Rohypnol, or GHB

    • 1st offense, category D felony – 1 to 4 years in state prison and / or up to $ 5,000 in fines
    • 2nd oath, category C felony – between 1 and 4 non-probational years in Nevada state prison and / or up to $ 10,000 of fines
    • 3rd or subsidiary oath, category B felony – punished by 3 to 15 non-probational years in state prison and / or a fine of up to $ 20,000 for each indemnity

    Unlawful Possession for Sale of Schedule III, IV, or V Drugs

    • 1st and second offense, category D felony – punished by 1 to 4 non-probational years in state prison and / or up to $ 10,000 in fines
    • 3rd or subsequent indemnity, category C felony – can be punished by 1 to 5 non-probational years in Nevada state prison and / or up to $ 10,000 in fines

    Drug Trafficking (Schedule I)

    • Category B Felony (between 4 and 14 grams) – Punishable by 1 to 6 non-probational (mandatory prison) years in Nevada State Prison and / or up to $ 50,000 in fines
    • Category B Felony (between 14 and 28 grams) – Punishable by 2 to 15 non-probational (mandatory prison) years in Nevada State Prison and / or up to $ 100,000 in fines
    • Category A Felony (28 grams or more) – Punishable by 25 non-probational (mandatory prison) years to life and a fine of up to $ 500,000

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    However, Nevada has surprisingly moved to a certain level of acceptance concerning marijuana, along with many other states in the country. Nevada decriminalized the use of medical marijuana in 2001 when 65% of the state’s voters moved to amend the state’s constitution to recognize its legitimate use in a medical capacity. However, to remain in compliance with the state law, medical marijuana users must have documented permission from a physician.
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    Once registered with the Nevada Department of Health and Human Services: State Health Division, the individual can use, possess and grow marijuana to a certain extent (up to 1 ounce possession and up to 7 plants cultivated, only 3 of which can be mature) . Note that Nevada has not decriminalized the use of marijuana for the general population like other states such as California, Connecticut and Mississippi have.
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    Currently there are several legal battles going on regarding the medical marijuana laws and how people can obtain medical marijuana. As the law stands today a person must produce their own medical marijuana to legally obtain medical marijuana. A person can not get it from a centralized location like a dispensary. Furthermore, even though the State of Nevada has approved the use of medical marijuana, the Federal government has not, and is starting to invoke Federal Law against those people using and growing medical marijuana. Be aware that even though you might be following State laws you can be arrested and convicted for violating Federal laws.
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    Possession of marijuana by non-approved medical users is still a serious criminal offense. Under Nevada’s Controlled Substances Act, possession of non-medical marijuana indemnity can result in the following punishments:

    Possession of 1 Ounce or Less of Marijuana

    • 1st offense, misdemeanor – Fine up to $ 600 or drug abuse treatment examination
    • 2nd offense, misdemeanor – Fine up to $ 1000 or drug treatment / rehabilitation program
    • 3rd offense, gross misdemeanor – Up to 1 year in county jail and / or up to $ 2000 in fines
    • 4th or subsidiary oath, category E felony – between 1 and 4 years in state prison or probation and / or a fine up to $ 5,000

    It’s important to remember that an arrest for a drug-related crime does not necessarily mean a conviction will follow, regardless if the individual was charged with a misdemeanor or felony offense. If you have a defense attorney experienced in Nevada drug cases, he or she can use many of the details surrounding the case to your benefit. This can include improper search and investigation procedure, lack of probable cause to make a stop (in cases of vehicular arrests), constitutional right violations, competency of witnesses, and other miscellaneous facts.

    Pleading guilty to a drug crime does not necessarily mean the defender will receive a lighter sentence. Many individuals facing this situation also find it beneficial to retain an attorney from the moment of arrest, regardless of their state of innocence. Prosecution and law enforcement officials do not have the best interests of the accused in mind and details may be overlooked in their pursuit of justice. It is in your best interest to consult with a Nevada defense attorney about your legal options.

    Payroll Nevada, Unique Aspects of Nevada Payroll Law and Practice

    Nevada has no State Income Tax. There for there is no State Agency to oversee withholding deposits and reports. There are no State W2’s to file, no supplement wage withholding rates and no State W2’s to file.

    Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Nevada cafeteria plans are taxable for unemployment insurance purposes. 401(k) plan deferrals are taxable unemployment purposes.

    Nevada doesn’t have income tax.

    The Nevada State Unemployment Insurance Agency is:

    Employment Security Division

    500 E. Third St.

    Carson City, NV 89713

    (775) 687-4510

    http://www.detr.state.nv.us/es/es_index.htm

    The State of Nevada taxable wage base for unemployment purposes is wages up to $22,000.00.

    Nevada has optional reporting of quarterly wages on magnetic media.

    Unemployment records must be retained in Nevada for a minimum period of four years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

    The Nevada State Agency charged with enforcing the state wage and hour laws is:

    Department of Business and Industry

    Office of Labor Commissioner

    555 East Washington Avenue

    Las Vegas, NV 89101

    (702) 486-2750

    http://www.laborcommissioner.com/

    The minimum wage in Nevada is $5.15 per hour.

    The general provision in Nevada concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 8-hour or 40-hour week (10-hour day, 4-day week if agreed to).

    Nevada State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

    • Employee’s name
    • Employee’s address
    • Employee’s social security number
    • Employer’s name
    • Employers address
    • Employer’s Federal Employer Identification Number (EIN)

    This information must be reported within 20 days of the hiring or rehiring.

    The information can be sent as a W4 or equivalent by mail, fax or electronically.

    There is a $25.00 penalty for a late report in Nevada.

    The Nevada new hire-reporting agency can be reached at 888-639-7241 or 775-684-8685 or on the web at [http://detr.state.nv.us/uicont/uicont_newhire.htm]

    Nevada does not allow compulsory direct deposit

    Nevada requires the following information on an employee’s pay stub:

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  • Nevada requires that employee be paid no less often than semimonthly; FLSA-exempt employees paid by out-of-state employers can be paid monthly.

    Nevada requires that the lag time between the end of the pay period and the payment of wages earned from 1st-15th, pay by end of month; 16th-end of month, pay by 15th of next month to the employee.

    Nevada payroll law requires that involuntarily terminated employees must be paid their final pay immediately and that voluntarily terminated employees must be paid their final pay earlier of next regular payday or 7 days.

    Deceased employee’s wages must be paid when normally due to the surviving spouse or distributee after affidavit of right is shown; 40 days after death; and if the estate is not over $20,000.

    Escheat laws in Nevada require that unclaimed wages be paid over to the state after one year.

    There is no provision in Nevada law concerning record retention of abandoned wage records.

    Nevada payroll law mandates no tip credit may be used against State minimum wage.

    There is no provision in Nevada law concerning tip credits against State minimum wage.

    In Nevada the payroll laws covering mandatory rest or meal breaks are only that all employees must have 30 minutes rest after eight hours of work; 10 minutes rest after 4 hours.

    Nevada statute requires that wage and hour records be kept for a period of not less than two years. These records will normally consist of at least the information required under FLSA.

    The Nevada agency charged with enforcing Child Support Orders and laws is:

    Child Support Enforcement Program

    Human Resources Division

    100 N. Carson St.

    Capitol Complex

    Carson City, NV 89701-4717

    (702) 687-4744

    [http://www.hr.state.nv.us/]

    Nevada has the following provisions for child support deductions:

    • When to start Withholding? 14 days after receipt of order.
    • When to send Payment? Within 7 days of Payday.
    • When to send Termination Notice? “Promptly”
    • Maximum Administrative Fee? $3 per payment; $2 per payment to state treasurer.
    • Withholding Limits? Federal Rules under CCPA.

    Please note that this article is not updated for changes that can and will happen from time to time.

    Time is of the Essence in Nevada Purchase Agreements

    Most state courts, including the Nevada Supreme Court, recognize and enforce the integrity of “time is of the essence clauses.” The Nevada Supreme Court recognizes that at common law a tender of money, which a party is bound to pay at a certain time and place, must be made on the day fixed for payment, and not thereafter, and that relief against forfeiture will not be granted where time of performance is made essential by the express terms of the contract, stating, “[a] court of equity has no more right than a court of law to dispense with an express stipulation of the parties in regard to time in contracts of this nature.” In one case the Nevada Supreme Court did rescue the defaulting purchaser from the harsh forfeiture of foreclosure of the “installment purchase agreement” whereby, the installment purchaser (the equitable owner) was in default of a mere $63.75 in tax payments and interest, and the seller had attempted to foreclose the equitable interest of the purchaser, pursuant to a harsh and inequitable forfeiture clause. Many times the court will rescue the defaulting purchaser, as it has done in many “equitable conversion” type cases that arise under installment purchase agreements, to avoid harsh, unjust forfeitures.

    “Equitable conversion” cases are those where the purchaser is purchasing property on an installment “contract for deed.” In such cases, even though the deed and “legal title” may not be delivered until all payments have been made, the “equitable title” is held by the purchaser in the interim. In one often cited contract for deed purchase, the Nevada Supreme Court rescued the purchaser from total forfeiture of the property, allowing the purchaser a reasonable time to cure, in spite of a time is of the essence clause, because the default was minor in comparison to the substantial forfeiture that would have occurred if the court had not rescued the buyer in equity. In Slobe, the installment purchaser was granted a reasonable time to cure an $8,320.28 default in light of the substantial $90,000 investment into the motel in dispute. The courts have been willing to rescue purchasers from harsh forfeitures when they have taken legal, peaceful possession, and enhanced the property, and/or made substantial payments thereon. However, in non-equitable conversion cases, the courts have not been so willing to rescue, and will require strict compliance with the “time is of the essence” provision. The Nevada Supreme Court has held that,