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Archive for November, 2009

Incorporating a Business in Nevada

Friday, November 13th, 2009

Nevada is a business-friendly state, and many businesses choose to form an LLC in Nevada, as well as other corporate business structures. When it comes time to finding help concerning how to incorporate, business owners turn to trustworthy online incorporation services, whose purpose is to get your business set up as a corporation in any state you wish. When it comes time to incorporate, Nevada is the first choice of many for several good reasons.

As a small business, such as a Nevada limited liability company, you will be pleased to hear that a single person may hold the positions of all the corporate offices of company president, secretary and treasurer, if you wish. You may, however, choose to bring on other shareholders and members, if that is a better business decision for your specific company.

Many businesses choose to incorporate in Nevada because of liability issues. Persons owning corporations do not run the risk of having their personal assets lost if the company is sued. One of the advantages to incorporating in Nevada is that this state has gotten rid of what is called “joint and several liabilities.” Normally, if a corporation gets sued, you and all of your shareholders are equally responsible, no matter how much each person might have had to do with actually causing the damage. This is not the case in Nevada, where each defendant is required to pay a share of the total penalty that is equal to his or her actual responsibility for the damage. The court assigns the percentage of liability in these instances.

In Nevada, the filing fees for incorporating in Nevada are much lower than those in other states, which can run into several hundred dollars depending on the particular state in question. If you choose to form an LLC in Nevada, you will receive the same protections as a corporate entity would, another impressive advantage to a Nevada limited liability company.

If your business is physically operated and located in Nevada, and if your employees are legal residents of the state of Nevada, you will enjoy other benefits. One big one is that there is no state income tax that your business will need to pay. Another benefit to Nevada business owners is that Nevada does not exchange information with the Internal Revenue Service. Again, this applies only to Nevada-based businesses with resident of Nevada employees.

It can make sense to incorporate in Nevada if you are a small business owner. To be sure if Nevada incorporation is a smart move for you and your company, you will want to contact an accountant or tax adviser, or a lawyer, but this can be a costly option. Many business owners turn to online services, who have knowledge of each state’s requirements for incorporation, and can handle the paperwork for you so that your business is properly incorporated in any state you wish.

Things To Do In Downtown Reno

Thursday, November 5th, 2009

Reno is the county seat of Washoe County, Nevada. The documented 2000 census reveals that Reno had a total population of 180,480, becoming the third largest city in Nevada, after Las Vegas and Henderson. It’s been 50 years since Reno began altering its reputation as America’s divorce capital and at least as long since locals started exploring Reno life beyond the gaming floor. During the past decade alone, development of downtown Reno has seen a shift from sprawling gaming complexes to smaller, mostly independent restaurants, shops and art houses. While gambling remains a key draw for visitors and natives, it’s far from the only show in town. Take a spin around downtown instead of on the roulette wheel. Here are some ideas.

1. Get wet: The Truckee River, which runs along First Street, has emerged as one of Reno’s greatest resources. The Truckee River Whitewater Park (First Street and Arlington Avenue) features 2,600 feet of class 2 and 3 rapids suitable for kayaks, canoes, inner tubes and other small watercraft. Wingfield Park, which encompasses the whitewater park as well as four other sites along the river, offers picnic shelters, barbecues, basketball courts, an amphitheater, pathways and swimming access. Some nearby shops such as Sierra Adventures) (254 W. First St.) rent and sell water gear and other equipment. Many restaurants and shops also line the so-called riverwalk.

2. Go to a concert: While downtown has been a notoriously tough area for small music venues, bars such as Se7en, the Satellite Cocktail Lounge, (188 California Ave.) and Tonic Lounge (231 W. Second St.) frequently host live music. Several small clubs have managed to hang on near the east end of Fourth Street, too. Most casinos also host live music that ranges from lounge crooners on the gaming floor to national acts in large show rooms. Also, the Reno Events Center (400 N. Center St.) and Lawlor Events Center (1500 N. Virginia St.,) host a variety of concerts and other shows.

3. Watch a game: The Reno Events Center is home to the Reno Bighorns, a National Basketball Association Development League team. Other local teams include the University of Nevada Wolf Pack and the Battle Born Derby Demons, a women’s roller derby team. Reno also is home to the National Bowling Stadium, which hosts the United States Bowling Congress Open Championships every three years, and is in the process of building a Triple-A baseball stadium.

4. Have a drink: Among the scores of neighborhood bars, pubs and dives, several downtown Reno watering holes distinguish themselves. The Sierra Tap House(252 W. First St.) offers riverside seating and a wide selection of Sierra Nevada Brewing Co. products in a Chicago-style setting. Jungle Vino (adjoined to the Java Jungle, see No. 2 above) proffers wines and elaborate mixed drinks in a wine bar setting. And the Silver Peak Brewery (124 Wonder St. and 135 N. Sierra St.) makes arguably the best beer in the state.

5. Bring something home: The new West Street Market (West Street is situated between First and Second streets) features several farmers markets and festivals, as well as a permanent bakery, wine bar, gift shops and restaurants. The Chocolate Bar (475 S. Arlington Ave.) sells high-end chocolates, truffles and beverages, as well as “small-plate” meals. Also, general souvenir shops are commonplace on West Street and in casinos, especially near the Reno Arch (Virginia Street between Second and Third streets).

7. Take a walk: Though it is certainly possible to find ugly settings in Reno (visitors are advised not to wander too far east of downtown without a destination in mind), the riverfront is quite an attractive place to walk year-round. In the summer, children splash in the river while their parents lounge in one of the many parks or sip coffee on cafe patios. In the winter, glittering lights are strung from bridges and trees and people crowd the Rink on the River (near First and Virginia streets; varies seasonally). Annual events such as Hot August Nights and Street Vibrations routinely attract thousands of people from across the country.