Nevada Administrative Code
Chapter 231 - Economic Development and Tourism
OFFICE OF ECONOMIC DEVELOPMENT
Local Emerging Small Businesses
Section 231.205 - Certification: Interpretation of certain requirements for eligibility
Current through September 16, 2024
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
NRS 231.1405, 231.1408