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May232011

Nevada Corporation Formation FAQ

Nevada Corporation Formation FAQ
Nevada Corporation Formation FAQ
Nevada Corporation Formation can be seriously challenging and you may find yourself with lots of questions regarding everything from how much it costs to who can have a corporation. The answers are out there if you know where to look. The Secretary of State of Nevada’s website is an abundant source of information for the first time business or corporation owner. You can find out everything you need to know all in one place and if there’s a question that you have that isn’t covered you can simply email them or call them to get an answer.
One of the most frequently asked Nevada Corporation Formation questions has to be ‘How much does it cost?’ That’s an easy one; the filing fee to form a standard Nevada corporation is $300. That’s the standard flat rate for simple corporation formation. If you’re looking to form a LP (limited partnership) then the filing fee is $750. If you want to expedite the process there is an additional fee of $25 per document that is assessed. Also, if you choose to have a company assist you in the formation of your corporation, then you should expect to pay an additional $50 to $350 depending on what services you choose.
The next most frequently asked Nevada Corporation Formation question is ‘How long does it take?’ The answer to that one is also simple. It takes the Secretary of State’s office approximately six (6) weeks to receive and process the paperwork to form your corporation. If you choose expedited processing then it generally takes less than two (2) weeks from submission to approval. There are companies out there who claim to be able to get you incorporated practically overnight but you should be aware that it does generally take at least a week to get your business approved for incorporation. For more information, check the Nevada Secretary of State’s website.

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