Doing business in Las Vegas, Nevada can be a great opportunity for entrepreneurs looking to expand their reach to international markets and customers. The Las Vegas Global Economic Alliance (LVGEA) is a public-private partnership that focuses on developing businesses in Southern Nevada to help the region thrive in a global economy. The LVGEA website provides information about the advantages of doing business in Las Vegas, the area's key industries, and the process of starting a company. The Nevada Department of Business and Industry website also offers access to state-specific business divisions, as well as useful information on business services, consumer assistance, help for homeowners, and news about businesses in Nevada. Nevada has a growing population, particularly in the Las Vegas and Reno metropolitan areas, providing an expanding client base to LLC owners.
The Nevada Governor's Office of Economic Development (GOED) provides the information needed to do business in Nevada. For example, if you plan to sell cannabis products in the Philippines, you'll need to understand the regulations and requirements for doing so. The State of Nevada makes it even easier to set up a company with its online business portal, called SilverFlume, which is complemented by additional resources from the Nevada Secretary of State's office to facilitate the business registration process. The first step for entrepreneurs looking to form an LLC in Nevada is having a solid business concept. Nevada Export Assistance Centers specialize in helping small and medium-sized businesses develop and execute export strategies.
The site contains basic information on why it is beneficial to do business with Las Vegas in particular, as well as contact information for experts in commercial and leisure sales, industrial relations, and international sales. Moncrief is an investor and serial entrepreneur who has established and expanded several startups in the Las Vegas Valley. While Nevada has very low taxes and no state corporate taxes, Nevada LLCs are still required to file federal taxes. As a growing state with no personal or corporate income taxes and few regulations, Nevada has great appeal for small business entrepreneurs. The GOED site provides information on Nevada's major industries, their programs and resources, and information on Nevada's opportunities in international markets. All owners of an LLC, whether in Nevada or elsewhere, must obtain a federal Employer Identification Number (EIN) through the Internal Revenue Service. Points in favor of small business owners in Nevada include the fact that the company charges very little state taxes to residents and does not charge any corporate income tax or personal income tax, which means that LLCs (and their owners) will almost never have to pay state taxes on their profits.
Trade missions, trade shows, and international marketing initiatives are designed to help Nevada companies enter a specific market, working closely with the Nevada GOED International Division and its partners.