Why YOU Should Do Business In The Greater Reno-Tahoe Area

by Meghan Cole

The state of Nevada is one of the best states to operate a business in. Nevada has repeatedly been voted one of the most business-friendly states by CNN.com and Kiplinger’s. The advantages for small business owners are seemingly endless when you do business in the Reno-Tahoe area; this includes various tax benefits to entrepreneurs, minimal business regulations, and inexpensive commercial real estate.

The Greater Reno-Tahoe area offers a very competitive tax climate. Tax advantages in Nevada include:

  • No personal state income tax
  • No inventory tax
  • No estate and/or gift tax

As far as national rankings go, The Greater Reno-Tahoe area boasts tops in many categories. The area has been named the #1 place to do business in America by Inc. Magazine.  As well as achieving a top-rank as one of the best places to raise a family, Nevada offers one of the friendliest environments for entrepreneurs and was named among the top 7 best states to start a business in.

Nevada also offers a host of business incentives including sales and use tax abatement, sales and use tax deferral and personal property tax abatement as well as a grant for training new employees.

Not only is the Reno-Tahoe area a great place to run a business it’s also a great place to live.  The area is close to many recreational locations such as Lake Tahoe and some of the best white-water rafting destinations in the country.

When you incorporate in Nevada you can be assured to have the best personal asset protection in the nation.  Nevada’s corporate veil is extremely hard to pierce as shown by only having been pierced twice in the last 30 years.

If you need help incorporating your small business or maintaining your corporate records, Laughlin Associates can help.  During these tough economic times it’s a smart idea to stop looking for job opportunities and start making your own by opening a small business.

If you’ve just started a new business venture, have been in business for years and never incorporated, or thinking about getting something off the ground, Laughlin is your trusted resource for all of your small business needs. While we incorporate in all 50 states, we have specialized in Nevada companies for nearly 40 years.

Have questions about incorporating in Nevada? Drop me a line at 1-800-648-0966 or rrees@laughlinusa.com.