NAC231.205. Certification: Interpretation of certain requirements for eligibility.

Latest version.

For the purpose of determining whether a business satisfies the criteria for certification as a local emerging small business, as set forth in NRS 231.1405, the Office interprets the requirement that a business:

1. Maintain its principal place of business in this State to mean that the address identified on the state business license of the business must be a physical address located in this State.

2. Be operated for profit to mean that the normal business operations of the business are intended to earn a profit and that the income or profit of the business is distributable to its owners or shareholders.

(Added to NAC by Office of Economic Dev. by R102-13, eff. 12-23-2013)

                    
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