Making the Right Move to Nevada
Many businesses from other states have, or plan on, relocating to Nevada. Our experience with such clients is that they have determined that Nevada provides a more business friendly climate, growing economic opportunity, and superior quality of life for both business owners and employees. The most popular business entity formed in Nevada is a Limited Liability Company (LLC). An LLC is a popular entity structure for small business owners who want liability protection without the perceived red tape associated with setting up and managing a corporation.
There remain, however, instances where a corporation remains a better choice for a business. In setting up a new legal entity for a business in Nevada, it is best to first review the requirements, implications, benefits, and restrictions associated with different business entities in Nevada. Additionally, it is important to set up a team of professionals, often involving both attorneys and accountants, to work collaboratively with a client. If you have questions about moving or creating a new business in Nevada, LGE can help find the answers that work best for you.