Starting a business is like a gamble. There are many variable factors that can impact the success of your entrepreneurial venture. But one of the factors that you have control over - and can dictate your ability to succeed - is the location. Nevada appears to be a promising prospect for those who want to startup their business, but you must first evaluate if this is as promising as it looks.
Surprisingly, Nevada has a lower cost of living than other states in the US. Las Vegas might be an exception given that the price of real estate is high. But for other parts of Nevada, this is true.
Tax breaks on businesses is another primary reason why Nevada is an attractive prospect for business startups. There are no franchise taxes and personal income taxes for established LLCs. You can even get abatements on sales tax for capital equipment purchases and sales.
Finally, Nevada is the go-to choice for new business startups. A testament to this is when Elon Musk chose to setup Tesla's new factory in Reno, Nevada. The economy is definitely booming and you can expect more companies to set their bases here. A healthy startup ecosystem is what you need to get your business off the ground and running. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Nevada. Just like Nevada's vast climates, the options for auto insurance in the state vary significantly. You can opt for the minimum coverage, which insures bodily injury and property damage, or purchase add-ons such as towing and rental car insurance. With of the help of the Nevadan contacts below, you can get quick quotes and compare affordable rates offered by a multitude of local companies. If you're searching for a cheap car insurance policy, make sure to take advantage of low-mileage and other discounts that reward drivers with low cost coverage. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Nicknamed as the "Silver State", Nevada is more than just the glitz and glam of its most vibrant city, Las Vegas. It also features stunning landscapes and incredible natural diversity. It is great for anyone looking for outdoor adventure and long road trips as there are multiple National parks and recreation areas all over the state.
The two-and-a-half mile Las Vegas Strip is considered by many as the entertainment capital of the world. It has everything from 5-star hotels, Michelin star restaurants, historic theaters, gardens, etc. Some of the most famous hotels in the world like the Mandalay Bay, Treasure Island, The Bellagio, Caesar's Palace, and The Venetian, can all be found in Vegas.
The Hoover Dam is another must-see attraction in Nevada. This modern engineering marvel has been featured in countless of blockbuster films.
If you're into peaceful nature walks, then you cannot go wrong with the breathtaking Lake Tahoe. For serious hiking, there's the Red Rock Canyon National Conservation Area.
Nevada's economy is largely dependent on tourism but mining and agriculture still play a huge role.
Creating an LLC in Arizona - Learn more here