Photo Credit: Sung Shin via Unsplash
Las Vegas, Nevada is a vibrant and perfect place to start up a business. With its first-class hotels and resorts, plus some of the best restaurants and shopping in the nation, setting up shop here can be an exciting advantage. Low taxes, low cost of living, less regulation than other cities, and plenty of talented people looking for employment make it an advantageous move for any entrepreneur.
You don’t have to be in the gambling industry to make it big in Las Vegas - there are plenty of industries that reap rewards from this desert city. From construction and management to communications and technology - Las Vegas is ready to welcome you and your success! Batal Productions shares more about why you should make Las Vegas your new business location.
Las Vegas is an incredible place to open and operate a small business in part because the local government has put resources in place to support small businesses that want to thrive in this vibrant city. They provide loans, grants, and incentives for startups, as well as tax incentives such as Zero Interest Real Property Tax Abatement and Sales & Use Tax Deferrals that can help new business owners get a head start.
In addition, the Small Business Advisory Commission provides free services to small businesses, including marketing advice, guidance on regulations and permits, and introductions to potential customers or investors. With all of these benefits available, Las Vegas is proving to be an ideal location for growing small business owners who are looking for success.
Quality of Life
This exciting and vibrant city has a multitude of entertainment options, nightlife, and warm weather, which make it a popular destination for tourists and locals alike. Whether it’s the 24-hour diners tucked away in neighborhoods off the strip or the glamor and firework shows at Red Rock Canyon, there is no shortage of experiences to be had in this vibrant city.
Las Vegas citizens also enjoy relatively affordable housing, great recreational opportunities like nearby Lake Mead, shopping centers to serve all your needs from groceries to electronics, numerous restaurants and bars that all offer unique atmospheres, and plenty of cultural attractions - like wax museums, aquariums, art galleries and more. The cost of living here is slightly higher than the national average, but groceries, healthcare, and utilities are all on par. The median home sale price is about $334,000, which makes buying a home a little more difficult for residents. However, it’s not too high above the national expectations.
Las Vegas has a large workforce, but less than the national average have completed higher education. About 26% of adults in this area have a bachelor’s degree or higher, but that doesn’t mean that potential employees don’t have experience and skills. In fact, according to Nevada Business, several workforce development organizations in the area are working to provide training to increase the skilled workforce population, which can be a boon to many small businesses looking to expand.
Business Quick-Start Checklist
If you’re on the path to open a small business in Las Vegas, it’s best to know what is required and how to find necessary resources. Here are some of the things you need to know to get started.
Meet the zoning department. Do this before applying for the construction permit or Certificate of Use.
Get building or construction permits. Complete the construction work.
Know your business address. Check the zoning category allowed for your address, and create a copy of your business floor plan.
Comply with the code compliance and fire inspections to get a CU. Payment must be cleared before the inspection.
Meet the requirements for the business tax receipt. These include the CU certificate, your business Federal Employee Identification Number, and licensing if your business is a restaurant, hotel, or convenience store.
Structure your business as a limited liability company to take advantage of limited personal liability and federal income tax benefits. This business structure also involves less paperwork during start-up and more flexibility. Check Nevada's LLC regulations before proceeding.
Find a Home in Las Vegas, NV
It's no surprise that renters coming to town and residents not ready to purchase have plenty of options when it comes to choosing a place to stay. With relatively low rental rates, Las Vegas provides some great opportunities for budget apartments and studio living in highly centralized locations.
You can expect to spend about $1,500 per month for a one bedroom apartment, but that price will vary depending on location. The apartments themselves come with a variety of amenities such as private balconies, pools and fitness centers. And in the summertime, you can even take advantage of the area's many affordable resort amenities like golfing and spas at special discounted prices. While it may be crowded during the peak seasons, there's always something new to discover about this dynamic city!
Find a Home for You and Your Business
Las Vegas is an excellent place for business and family. Whether you’re there for the tourists or the locals, you’ll find plenty of opportunities to make your new business shine. And you can enjoy the warm temperatures and entertainment options year round! So settle in, get your business established, and enjoy your new life in Las Vegas!
Are you looking for a production company to feature your new media, performing arts, television, or radio business? Look no farther than Batal Productions. Visit us online to learn more about how we can help you promote your business.