The first step for starting and managing your firm in Nevada is SilverFlume Nevada’s Enterprise Platform. It includes a new organization checklist, options for the form of business, the ability to establish, halt, or dissolve a company, the ability to renew corporate licenses, etc. 

You can establish your business, find out about licensing, company, and financial laws, and more with the help of the SilverFlume, Nevada Corporate Portal.

Silverflume services 

Following are the services offered by the SOS trade department

Services for new business 

After developing a fantastic company concept and doing some research to make sure the concept is feasible, you can next follow the necessary steps for starting a business in Nevada. Establishing a business in Nevada gives you the chance to control your professional path in a region noted for its innovative and successful corporate culture. 

A fantastic platform is offered by Silverflume, which also offers you a checklist for starting a business and assists you in selecting the business type.

Types of business

Silver Flume offers the following opportunities for beginning a business in the region:

General partnership

A generalized partnership is a type of corporation made up of two or more members who concur to start and operate a company. Partnership-based businesses are exempt from paying income tax. All gains and losses, however, are distributed to individual partners. To begin a general partnership, apply for an NT7 Corporate License General Partnership.

Non-qualified foreign corporation 

A nonqualified foreign entity has not been approved by the Secretary of State to conduct trade in this State. For such an industry, silver flume offers the NT7 Trade License Other certificates.

Foreign LLC or foreign corporation

A firm that conducts trade in a state other than the one in which its owners initially registered it is known as a foreign firm. The following licenses apply to this kind of firm: 

• Filing of foreign LLCs, 
• international limited liability partnerships, overseas limited liability companies, 
• global limited partnerships, 
• foreign corporations, 
• international limited partnership licensing, and foreign corporate trust filing.

Nevada LLC 

A firm that is established in and conducts trade in Nevada is referred to as a Nevada LLC or corporation. The following forms of LLC are handled by SOS Nevada.

domestically professional limited liability companies, national limited liability partnerships, local professional corporations, national firms, local corporative associations, domestic close corporations, and domestic business trusts.

Sole proprietorship

A sole proprietorship is a form of corporation that is owned and operated by a single and in which there is no lawful difference between the creator and the corporate body. It is also referred to as sole trader ship, personal entrepreneurship, or ownership. The NT7 Corporate Registration Sole Proprietor is the license required to operate as a sole proprietor at Silver Flume.

Non-profit organization 

In contrast to an institution that runs as an enterprise and seeks to make a profit for its founder, a nonprofit corporation is a juridical body founded and run for a communal, public, or social purpose. These organizations’ licenses are: 

• International non-profit business qualification; 
• national non-profit firm; 
• a local non-profit group with or without shares. 

Checklists

Following the individual’s selection of the corporate structure and license type is the checklist. It includes everything a person needs to start a business in terms of materials and tasks. Each item is based on the type of license and trade structure.

Services for old businesses

The state organization offers the following services to the already established business: 

Publish yearly reports

Businesses are advised to use the silver flame to submit their yearly financial report to the administration. 

Obtain a state trade license renewal 

The platform makes it simple for firms to switch their business authorization.

Dissolve or terminate the company 

A person can easily submit a request through the silver flame platform if they need to dissolve their company or amend the existing articles of association. 

A letter of excellent standing 

The secretariat of state then issues a certificate of good standing to the business.

Contact Silverflume: Contact the Nevada Secretary of State’s Office at (775) 684-5708 option 9 or support@nvsilverflume.gov.