How to start a business in Las Vegas
Before stating a business anywhere, it is important to know the city regulations, state requirements and of course federal laws. While many people feel that they should try to see if the business takes off before doing anything official, this is a mistake for a variety of reasons. If the business is successful, it is possible that your brand or trademarks may be stolen, and the other serious reason is whether you believe it is just hobby with no obligations, the government may think otherwise, creating a somewhat uncomfortable feeling when they come knocking.
Las Vegas, as a city, has its own set of rules so we have compiled a brief checklist of things that you should do when you start a business in Las Vegas. Please be advised that this list should not be deemed as exhaustive nor legal in nature. It is always advisable to consult an official to determine current statutes.
Five Point Checklist for Starting a Business in Las Vegas
1. Once you have obtained financing or at least are able to begin your business, file the necessary documents for your company's proposed designation (DBA, LLC, INC), register the company name, along with slogans, trademarks or any other proprietary items that would pertain to your ownership and intangible assets of the new business. Try to choose a name that does not conflict with existing businesses and be sure to register the domain name at the same time.
2. Obtain all Tax ID numbers required. In Las Vegas, you will not be granted a Business License without proof of all approved applications from the Nevada Department of Taxation.
3. Obtain any necessary licenses. For example, a Nevada Wholesale License, City of Las Vegas Business License, Privilege License, Home Occupation Permit. Although not all licenses will pertain to all businesses, you must obtain those that are pertinent. In addition, your business must meet all zoning laws, fire safety codes, and health board criteria if food is involved. Even if you own a home based business, it may still be necessary for you to meet the same requirements.
4. If you are eligible for tax incentives, specialty programs or rent reductions, file any necessary applications.
5. Take your legal documents to the bank and open a business bank account. Get your website live or at least build a proper home page. Follow your business plan and start working at your business.
* Notes:
DBA – “doing business as” – can be a sole proprietorship conducting a business in something other than the owner's personal name, or a legally registered corporation conducting business under a different trade name
LLC – “limited liability corporation”
INC – “incorporated” although conditions may apply