Nevada secretary of state advocates for flexibility in business fees

Nevada Secretary of State Cisco Aguilar is focused on more than just overseeing elections in the state; his office is also deeply involved in facilitating business operations within Nevada. Aguilar aims to streamline the process for businesses seeking to establish themselves in the state and has proposed several legislative changes in this regard.

As the legislative session approaches, Aguilar has presented various bills aimed at modifying business license fees, enhancing language accessibility for business owners, and safeguarding individuals from investment scams. Aguilar emphasized the importance of collaboration and his willingness to work closely with the Legislature, mirroring his approach with the governor’s office and other stakeholders.

One key initiative for Aguilar is the modernization of Silverflume, a platform that facilitates business registration and tax payments. Aguilar described Silverflume as outdated and highlighted the ongoing efforts to update it, noting visible improvements already in place. Feedback from a business owner regarding reduced phone wait times showcased the positive impact of these updates, with wait times decreasing significantly, granting business owners more time to focus on their operations.

The Secretary of State’s office has introduced self-help tools, revamped interfaces, and implemented security measures to bolster fraud prevention measures for business owners interacting with the platform. Aguilar is determined to maintain Nevada’s reputation as the “Delaware of the West,” recognized for its business-friendly environment. He acknowledged that other states like Montana, Wyoming, and Idaho are also positioning themselves as business-friendly destinations, posing competition.

Aguilar pointed out that Nevada currently charges $200 for incorporating an LLC, higher than the fees in Wyoming, Idaho, and Montana. While he expressed a desire to address this discrepancy, current regulations limit his ability to do so. Despite this challenge, Aguilar remains committed to advocating for changes that will enhance Nevada’s business landscape and maintain its competitiveness among neighboring states.

Overall, Cisco Aguilar is dedicated to promoting a more efficient and accommodating environment for businesses seeking to establish themselves in Nevada. Through legislative proposals and ongoing platform upgrades, Aguilar aims to simplify processes, improve accessibility, and protect business owners from potential risks, ultimately fostering a more vibrant and thriving business community in the state.