Success tips when doing business in Nevada in 2023
Nevada is very popular place for start-ups, which offers great opportunities. Knowing some useful tips would help to explore this opportunities in the best way.
- Every business in Nevada (including overseas businesses) must secure a business license with the State. In some cases, such permit must additionally be approved by the City where the business is operating. For further info, see Nevada’s Business Portal – SilverFlume;
- In addition to licensing, some local permits may be required for regulated business activities;
- Nevada’s investment environment is very supportive for start-ups. Check out the facilities for new companies offered by different Nevada organizations. For example, you can visit Department of Business and Industry Learning Center;
- Check out the possibilities of obtaining certifications, which could help small business to get new contracts. Please refer to the types of Nevada’s business certifications and required procedures.
- If the business is going to use in operation any other names or variation different from the company’s name in corporate documents, a “fictitious company name” or “DBA” (Doing Business As) should be obtained from the local authorities. Please refer for the more information to Chapter 602 of Nevada Revised Statutes;
- New businesses are also advised to submit intellectual property protection in Nevada. Nevada allows registering three types of Marks (Service Mark, Trade Mark, Trade mark) for 5 years according to Chapter 600 of Nevada Revised Statutes;
- As labor laws vary from State to State, check out basics about Nevada’s labor laws including minimum wages, overtime works, leaves and other nuances with Office of Labor Commissioner.
Interesting facts about Nevada?
Business and society
- Nevada is the largest gold producing state in the nation. It is second in the world behind South Africa;
- Nevada’s economy is overwhelmingly based on tourism, especially the gambling (legalized in 1931) and resort industries centered in Las Vegas;
- In 1870, about half of Nevada’s population consisted of foreign immigrants, among them Chinese, Italians, Swiss, British, Irish, Germans, and French Canadians.
- Nevada although disadvantaged by a lack of water and a shortage of arable land, is however a wealthy state of mineral resources—gold, silver, copper, and other metals;
- Hoover Dam, located on the border of Nevada and Arizona, is the largest public works project ever undertaken in the U.S. and has a greater structural volume than the largest Egyptian pyramid;
- Nevada has more hot springs than any other state in the country, with more than 300 occurring naturally;
- Most of the state is desert but the Sierra Nevada mountain range near Reno and the Ruby Mountains near Elko has snow for half the year.