Thursday, March 24, 2011

New Business Entity Filings are Increasing

New business entity filings in Nevada, as recorded by the Secretary of State Ross Miller's Office, shows positive year-over-year growth starting in December 2010--a much needed improvement from the significant decline from 2007 to late 2010. It is unclear how many jobs will be created from an increase in new business entities; however, it's a positive sign to see the number of new ventures increase, which could contribute to job growth throughout Nevada.

It's interesting to see the shift from corporation filings to L.L.C. (Limited Liability Company) filings over the past few years as people utilize the different tax and corporate structure of L.L.Cs.

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