After successfully registered in Nevada, the Corporation or LLC are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Nevada. The following describes the Nevada company’s basic maintenance requirements.
All Corporation and LLCs must have and maintain a registered agent, which has a physical street address in Nevada. You must file annual list with the Nevada Secretary of State every year. The annual list is an update to your corporate information registered with the state. The annual list due date for all businesses will be the last day of the anniversary month of the entity's formation in Nevada. You are required to renew state business license annually. The fee and renewal form are due on the last day of the anniversary month in which the license was originally filed. If you have local business license, you must renew the local business license/permit periodically. The license expiration date is printed on the license.
According to Federal and State tax rules, all active business registered in Nevada must file tax returns on time, including business income tax, sales tax, payroll tax and other relevant taxes returns.
Although Nevada state does not impose a state corporate income tax, you are still required to file business income tax (if your gross revenue over USD 4,000,000 during the taxable year); if you plans to sell certain tangible personal property and provide taxable services within Nevada, you have to pay the Nevada sales/use tax; if you have employees within Nevada, you have to report gross wages to the Nevada Employment Security Division and contribute to Unemployment Insurance Tax(UI).
According to Internal Revenue Code, the payments that certain foreign persons receive from U.S. sources, are subject to tax withholding. And they must report the amount withheld to IRS, if any. If a business entity in US held bank or financial account out of US, the entity maybe required to file FBAR with Department of Treasury, or FATCA related forms with IRS.
You are also required to maintain and update the accounting books in accordance with the tax and business law
As discussed above, all active Nevada Corporations and LLCs are required to operate in compliance with the Nevada business laws. The business entities may also need to apply for the license and permits with state according to different industries. Kaizen U.S. office is a professional CPA firm, offers complete compliance services and business support, such as bookkeeping, filing tax return, making payroll, etc.
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Individual income tax is imposed on the worldwide-sourced income of U.S. citizens or residents, and on the domestic-sourced income of U.S. non-residents. According to the IRS, not everyone is obligated to file a tax return, such as in situations below the standard deduction. The following article will provide a brief overview of who is required to file a U.S. individual income tax return.
When each HR team is responsible for managing over 80 employees, optimizing departmental structure and budget management while reducing compliance risks has become crucial to organizational success. When HR architecture align with organizational complexity, budgetary capacity, and proactively mitigate audit liabilities, this function becomes indispensable.
In addition to the job offer requirements and employee benefits outlined in the previous articles, companies often offer a number of other benefits that can be discussed with candidates before making an offer. This article will introduce some of the most common benefits companies may provide.
The B visa is one of the most common visas for visitors to the United States. It comes in two categories: the B-1 visa, for short-term business visits, and the B-2 visa, for tourism or medical treatment. Travelers may also be issued a combination B-1/B-2 visa, valid for both purposes. Typically, a visitor may be admitted for up to six (6) months at a time, with the possibility of requesting an extension if necessary.
