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Las Vegas Incorporation Attorney
Do you need a Las Vegas Incorporation Attorney?
All successful business ventures begin with a vision.
Each year, over 600,000 ambitious Americans lay the framework for a business startup, whether their companies will remain a corner boutique on Main Street or go on to become a major corporation on Wall Street.
Incorporating (or registering) your startup with the government can provide legal and financial protections against frivolous lawsuits and potentially millions in payouts.
What Are the Different Types of Corporations?
Establishing a Nevada corporation can prove to be an excellent financial endeavor for small businesses looking to broaden their scale. On top of protecting you — the business owner — from lawsuits targeting your personal assets, incorporation can also build your reputation locally and boost your revenue through stock sales.
However, with several types of corporations choose from, each boasting unique benefits, pursuing incorporation can be complicated. The most common legal entities for incorporated businesses are:
- Traditional Corporation (C-Corp)
- Limited Partnership
- Joint Venture
- S-Corp
- Professional Corporation
- Non-Profit Corporation
- Limited Liability Company (LLC)
Some business owners will idealize the immense asset protections of launching a C-Corp, while the owner of a non-profit organization has far fewer incorporation options. A professional legal expert is often best suited to weigh your business’s financial structure, size, and goals and recommend your ideal legal entity for today and in the future.
What is Involved in the Incorporation Process?
The lengthy incorporation process begins with completing the necessary paperwork. The first step is creating a company name that is both unique and abides by Nevada’s state standards. Choosing the same — or a similar — name to another Las Vegas business can trigger a trademark infringement lawsuit later down the road. Like many states, Nevada offers an online search tool to verify the availability of your venture’s preferred name.
The next step of incorporation is perhaps the most tedious of all. All Las Vegas business owners must submit completed articles of incorporation with the State of Nevada. This brief document will require you to clarify your business’s foundations, including your business’s physical location and who will serve your company’s board of directors. Filing the articles of incorporation with the Secretary of State in Nevada could cost you $75 or more in fees.
The third step is the final roadblock standing between your business and incorporation. Applying for a federal employer identification number (FEIN) will officially establish your newfound corporation with the Internal Revenue Service (IRS). Possessing a FEIN will ensure your business abides by all federal business regulations while also enabling you to open a bank account in your corporation’s name.
Scattered between these three crucial steps are small steppingstones that are easy to overlook, such as adopting bylaws, appointing a board of directors, and developing a shareholder’s agreement. Haphazardly completing this process can ultimately weaken the incorporation benefits. For that reason, many business owners hire a legal team to handle the process’s inner workings.
What Makes Incorporation So Difficult?
While a necessary process to earn the legal and tax protections of being a corporation, the incorporation process can be quite overwhelming. The legal implications of accidental errors and the seemingly endless stream of complex documents can be confusing or costly to the layperson. For example:
- Time is of the essence, and Nevada will only reserve a business name for 90 days.
- Selecting the wrong type of business entity will require you to do the entire process again from step one — fees included.
- Missing just one of the many fees along the way can land you in hot water or facing a lawsuit well after you have established your business.
- The City of Las Vegas has unique bylaws that might differ from Nevada or another nearby city.
Every business owner’s worst nightmare is receiving a rejection letter from the local government or learning they’re a defendant in an upcoming civil suit. When every dollar and sheet of paperwork can blockade incorporation, choosing a team of highly-skilled business lawyers can ensure the process runs smoothly.
Why Does a Business Owner Need an Incorporation Attorney?
Cutting corners and taking shortcuts as a small business owner will surely catch up to you eventually, and it could wind up costing you millions. Enlisting the help of an incorporation attorney can help you:
Select the right legal entity that matches your corporate structure
Draft and complete the State of Nevada’s mandatory incorporation paperwork (i.e., Articles of incorporation and bylaws)
Ensure all fees are up-to-date and paid for
Guarantee your business meets local, state, and federal regulations
Turn your startup vision into a large-scale corporation
Develop a business plan as a new incorporation
Understand the legal aspects of running a business
There are thousands of thriving businesses in Las Vegas, and across the State of Nevada. By working with a law firm trained in business and incorporation law, you can take the initial steps to ensure that you join the ranks of the most successful Las Vegas businesses.
Further Reading
Here are some other valuable sources on your website that readers should be aware of:
The Ultimate Guide to Starting a Business in Nevada: This comprehensive guide is a must-read for anyone considering starting a business in Nevada. It covers essential topics such as business planning, legal requirements, licensing, permits, tax considerations, and more. Whether readers are new to entrepreneurship or experienced business owners, this guide provides valuable insights and resources to help them navigate the process successfully.
Las Vegas Business Contract Attorney: This resource highlights the importance of having a knowledgeable business contract attorney in Las Vegas. It emphasizes the role of an attorney in drafting, reviewing, and negotiating business contracts to protect clients’ interests and minimize legal risks. From vendor agreements and client contracts to partnership agreements and employment contracts, a business contract attorney can provide valuable guidance and ensure the legality and enforceability of business agreements.
Las Vegas Business Litigation: This source focuses on the area of business litigation in Las Vegas. It highlights the potential legal disputes and challenges that businesses may face and emphasizes the importance of having a skilled business litigation attorney. Whether readers are dealing with contract disputes, intellectual property issues, employment conflicts, or other business-related disputes, a business litigation attorney can provide legal representation and help resolve these matters effectively.
Frequently Asked Questions
Do I need a Las Vegas Incorporation Attorney?
Considering the legal and financial benefits of incorporating your business, hiring an incorporation attorney can be invaluable. From selecting the right legal entity to navigating the complex paperwork and regulations, an experienced attorney can streamline the process and ensure that your business receives the protection it needs.
What are the different types of corporations?
There are several types of corporations to choose from, each offering unique benefits and protections. These include Traditional Corporation (C-Corp), Limited Partnership, Joint Venture, S-Corp, Professional Corporation, Non-Profit Corporation, and Limited Liability Company (LLC). Determining the most suitable entity for your business requires careful consideration of factors such as size, structure, and long-term goals.
What is involved in the incorporation process?
The incorporation process involves several steps, starting with selecting a unique business name and filing articles of incorporation with the state. Additionally, obtaining a federal employer identification number (FEIN) is necessary for tax purposes and legitimizing your corporation. Completing these steps accurately and efficiently is crucial to avoid potential legal issues and ensure a smooth incorporation process.
What makes incorporation so difficult?
Incorporation can be challenging due to the complex legal requirements and potential pitfalls involved. Mistakes such as selecting the wrong business entity or missing crucial fees can have significant consequences for your business. Moreover, navigating the unique bylaws and regulations of Las Vegas adds another layer of complexity to the process.
Why does a business owner need an incorporation attorney?
An incorporation attorney can provide invaluable guidance and support throughout the incorporation process. From selecting the right legal entity to drafting and filing necessary documents, an attorney ensures compliance with all regulations and minimizes the risk of costly errors. Additionally, working with an attorney allows business owners to focus on their core operations while leaving the legal aspects to professionals.
Offsite Resources You May Find Helpful
Here are seven offsite resources that can provide useful information and assistance in finding an incorporation attorney in Las Vegas:
FindLaw: This online resource provides free legal information, a lawyer directory, and other resources on a wide range of legal topics, including business incorporation law.
Justia: Justia offers free legal information, a directory of attorneys for various legal issues, and a specific section on business incorporation law.
Avvo: This website provides a directory of lawyers, including those in Las Vegas, legal advice, and other resources on a broad range of legal topics, including business incorporation law.
Nolo: Nolo provides legal information to consumers and small businesses, including articles, blogs, FAQs, and news on business incorporation issues.
LegalMatch: This online legal matching service helps individuals find lawyers in their area, including Las Vegas, and provides advice and resources on business law matters, including incorporation.
The Nevada Bar Association: The official website of the Nevada State Bar offers resources for finding a lawyer, including those who specialize in business incorporation law.
Martindale-Hubbell: This directory of attorneys includes peer and client reviews, which can help you find a reputable incorporation attorney in Las Vegas.
Why Should I Hire Rosenblum Law?
At Rosenblum Law Offices in Las Vegas, our goal is to be a reliable helping hand as you launch your business to new heights. Our team has over three decades of combined experience in nearly every facet of the litigation process and a wide range of specialties, from divorce and adoptions to theft crimes and child abuse.
Spanning more than 2,000 cases since establishing Rosenblum Law, our firm prides itself on our relentless client advocacy and willingness to put your needs above all else. Whether you’re looking to choose between an S-Corp and C-Corp, begin drafting your articles of incorporation, or apply for a FEIN, we can guide you through the process and reduce the headaches that generally come along with incorporation.
We would be happy to hear from you to get your business off on the right foot. Give us a call at (702) 433-2889 or fill out our online contact form. Incorporating your business doesn’t have to be a hassle, and we are looking forward to working with a local business owner like yourself!
