(7 Simple Steps)
To secure and register your brand name it must be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state, and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your brand name should contain words like ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, you can file a Name Reservation Request form with the Secretary of State for through mail or online through SilverFlume, Nevada’s own business online portal.
Filing Fee: $25
A registered agent acts on behalf of your business to accept “service of process” and receive official correspondence from the Secretary of State’s office and other legal documents from various government agencies. To qualify for the position, the agent should be an individual resident of Nevada or a business entity registered with the Secretary of State. A physical street address in Nevada should also be provided.
With a registered agent, once you’re ready to make your brand official, set up an account with the state to file Articles of Incorporation. It asks for basic information to disclose for the public record including:
Filing fee: $75 minimum
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 Director who among other things will oversee the Nevada corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
Now it’s time to get your corporate financial house in order. Set up a business checking account under your company with a good bank. Don’t be hasty though, there’s a large assortment of local, state, and national banks along with credit unions to choose from. And make absolutely sure that your business accounts are separate from any/all other accounts.
If needed, familiarize yourself with the perks involved and what they mean year-over-year. Check out this great breakdown article on the basics of Business Checking Accounts to get a jump on things.
When forming a corporation in Nevada, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally you should have an attorney or at least be working with a professional filing service. Otherwise, here are four resources to get started: