Nevada is a popular place to set up a new business. While we typically recommend just operating in the state you live in, if you are going to do it, you might as well do it right. That’s where our s-corporation kit comes in.
This kit will provide step-by-step instructions as well as samples of the documents necessary to create your entity in Nevada and make the federal s-election with Form 2553. It’ll also walk you through getting an EIN, which is necessary for banking, tax, and payroll purposes. Plus, it provides governing document templates, like an operating agreement or corporate bylaws you can fill out to show how your entity is managed.
Our Nevada S Corporation kit
Why would someone opt into becoming an s-corporation? Three words (or maybe two words, with one hyphenated, depending on your point of view): self-employment taxes. While you can’t avoid taxes entirely, you can mix them up a bit to save on the total amount. How much can you save? Up to 15% on the first $120,000 in profits and an additional 3-4% on amounts that exceed that.
You have two eligible entities to make the Subchapter S election — an LLC or a corporation. Most people assume s-corporation, it has to be a corporation, right? Wrong. A limited liability company can get the same tax benefits, but do it with a fraction of the requirements and red tape. Because of that, we typically recommend the LLC version, which you can purchase below:
Alternatively, you can purchase our corporation kit by clicking the button below:
Money Back Guarantee
All of digital content we sell comes with a 100% money back guarantee. If you buy one of our Nevada kits and aren’t satisfied, e-mail a refund request to steve.nelson@stephenlnelson.com.
Additional Resources
How S Corps Are Taxed: We provided a little blurb as to why an s-corp saves on taxes, but get more details here.
Accounting System Recommendations for Novice Bookkeepers: Not the best at numbers and can’t afford an on-staff bookkeeper or accountant? Check out some options.
Six Common Formulas For Small Business Success: If you are in the development phase, check out some of our hints for areas to focus in.