What constitutes a nonprofit entity for the purposes of the Nevada State Business License exemption?
Nevada nonprofit entities formed pursuant to NRS Chapter 82 and corporations sole formed pursuant to NRS Chapter 84 are specifically exempted from the requirements of the State Business License and are not required to maintain a State Business License nor are they required to claim an exemption.
Nonprofit entities formed pursuant to NRS Chapter 81 and unincorporated nonprofit associations that have qualified and currently maintain Internal Revenue Code 501(c) status may claim the 002 – 501(c) Nonprofit Entity exemption by including with its annual list the signed and notarized Declaration of Eligibility for State Business License Exemption declaring under penalty of perjury that they are eligible for the exemption.
All entities whether they receive a State Business License, Exception or Exemption are assigned a Nevada Business Identification Number. This number is important for being able to register with State and local agencies in Nevada.Note: SilverFlume Nevada’s Business Portal guides the customer through the registration steps, including registering at the Nevada Department of Taxation and other agencies. Businesses are advised to complete all steps in the registration checklist regardless of the Secretary of State’s exception or exemption.