Nevada Corporation Statistics

In 1996, Nevada made its first appearance in the Top Ten List of states with the highest number of incorporations. That’s not bad considering there are 36 states with larger populations than Nevada, and testimony of the filing efficiency of the State. Over 2,400 corporations are formed every month in Nevada, which is a 500% increase over 1985 filings. By 2004 over 200,000 entities were domiciled in Nevada and by 2008 well over 300,000 entities are domiciled in the State.

Because of Nevada’s pro-business attitude, Nevada has ranked highly in a number of studies comparing the business climate of various states. The 2004 Small Business Survival Index, published by the Small Business Survival Committee, (and includes such factors as taxation, health care costs, unemployment, crime rate, bureaucracies, etc.) has rated Nevada # 2 among all States for having a favorable policy environment for entrepreneurship. Nevada ranked in the top 10 in the Site Selection Magazine survey of business executives ranking business climate. The Tax Foundation ranked Nevada # 6 in their 2004 State Business Tax Climate Index. While other factors are used in each of these studies, they all consider the management features of each state’s business law as heavily weighted components.

In the last two decades, Nevada has clearly established itself as the “Corporation Capital of the West,” and has shown significant annual growth in the number of new businesses that incorporate there each year. In addition, Nevada’s legal system has naturally grown to accommodate the need for establishing legal precedents that support the state law.