Even during the coronavirus pandemic, some local small business owners are wanting to start a new business or make some significant changes to their existing business.
The University of Nevada, Reno Extension is offering a webinar to help.
Officials say the webinar will define the various classifications for businesses in Nevada, their applicable tax rates and the advantages and disadvantages of each.
The following is a list of few potential talking points:
- Starting a business or legal entity in Nevada
- The different federal level tax structures
- The advantages and disadvantages of applicable tax rates
"Legal definitions can be overwhelming -- sole proprietorship, partnership, S corporation, LLC," said Buddy Borden, economic development specialist with Extension's Business Development Program. "But entrepreneurs and businesses need to familiarize themselves with them in order to decide the bets path for achieving their goals. During these sessions, we hope to clarify terms like these and discuss their differences, as well as provide some information on access to lending and tax structures."
Officials say the webinar is scheduled for Friday, Aug. 7, at 9 a.m. for English speakers and 11:30 a.m. for Spanish speakers.Â
To join the webinar, click here.
For more information on the program, visit their website.Â
