Add Image To Legal Nevada Startup For S-Corporation Forms For Free

Even when you elect the S corp tax designation for your business, Nevada will still treat it as an LLC. As such, the state will require you to file a Nevada annual list and state business license application ? also known as an annual report.

Follow these five steps to start a Nevada LLC and elect Nevada S corp designation: Name Your Business. Choose a Registered Agent. File the Nevada Articles of Organization. Create an Operating Agreement. File Form 2553 to Elect Nevada S Corp Tax Designation.

Submit Form 2553 to apply for S corp status. The Internal Revenue Service requires that you complete and file your Form 2553: Within 75 days of the formation of your LLC or corporation, or no more than 75 days after the beginning of the tax year in which the election is to take effect.

File IRS Form 2553 For the tax election to have effect for the full year, the form may be filed anytime in the previous year until March 15 of the year in which you want the tax election to take effect. If you have just launched your LLC, you can file IRS Form 2553 within 75 days of formation to be taxed as an S-corp.

Nevada requires the following: Initial report and business license requirement. Nevada requires corporations to file an Initial List of Officers/Directors and Business License at the time of filing its Articles of Incorporation. The filing fee is $150 for the Initial List and $500 for the business license registration.

Comply With Tax and Regulatory Requirements You can easily obtain an EIN on the IRS website for free. In the State of Nevada, S Corps are not recognized since there is no state income tax.