New Business License (Tax) and who will pay this TAX? |
| Who will pay this tax? Anyone doing business in the State of Nevada. And who is this, OR, what constitutes “doing business” in Nevada,
Pursuant to Title 7 of the Nevada Revised Statutes and for the purposes of the State
Business License, “business” means any person, except a natural person that performs a
service or engages in a trade for profit, any natural person who performs a service or
engages in a trade for profit and is required to file with the Internal Revenue Service a
Schedule C (Form 1040) Profit or Loss from Business Form, a Schedule E (Form 1040)
Supplemental Income and Loss Form, or a Schedule F (Form 1040) Profit or Loss From
Farming Form, or any entity formed pursuant to Title 7 of the Nevada Revised Statutes,
including, without limitation, those entities required to file with the Secretary of State. |
What this means
|
| If you have ANY business including ALL home businesses, PROFITABLE or NOT, YOU MUST PAY THIS TAX
If you have ANY rental even a single house or even a garage which you rent PROFITABLE or NOT,YOU MUST PAY THIS TAX. If you have ANY agricultural endeavor PROFITABLE or NOT, YOU MUST PAY THIS TAX. |
How Much is the Tax |
The State Business License Fee is $200 and must be renewed annually. |