Bongiovi Law Blog

21

 The Nevada Secretary of State recently discovered that it's losing tens of millions of dollars in license revenue because businesses have been improperly claiming the home-based business exemption from the state business license requirement.  

Essentially, if you own and operate a home-based business that generates less than $27,000 a year, you can get out of paying the $200 annual state business license fee.  Up until August 6, 2011, any business could claim the exemption without having to prove it really qualifies.  Because businesses have been abusing the exemption, the Secretary of State no longer accepts applications for the exemption online.  Now, if you qualify and want to apply for the exemption, you'll have to complete and notarize a new form that verifies the business address and the revenue generated.

 

Comments

Matt
# Matt
Thursday, October 06, 2011 1:37 PM
What they're also failing to tell people is if you do have your residence open to the public (furtherance of business), you will not receive the exemption. When I said I can just modify my business structure and not have my residence open, I was told "good luck just send in your $325." I just learned this the hard way today. Round two with the State of Nevada. What a pain!

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