Guest post from Eleanor Wyatt of RemoteWorkWellnes.net
Many people want to start a business but aren’t keen on doing it in their current hometown. Luckily, by relocating to the right area, you can get so much more than a great location for your new company.
If you aren’t sure where to head, Las Vegas could be your ideal destination. Here, we take a look at why relocating to Las Vegas and starting a business there could be a great move.
Cost of Living
A lower cost of living is ideal for business owners for several reasons. Not only does it make moving to Las Vegas more affordable, but it also makes it easier to find affordable employees.
Overall, Las Vegas is far more affordable than many other major cities in the United States. For example, while Los Angeles is 43 percent higher than the national average, the cost of living in Las Vegas is just 3 percent higher than the national average.
Additionally, housing costs are reasonable. The median home sale price in Las Vegas comes in at around $372,000, which is definitely below what you find in many other major cities. On average, rentals in Las Vegas run $1,341 per month for an apartment. Considering that the average apartment size is 892 sq. ft., that’s incredibly competitive.
Having a supportive community is crucial for small business owners. When local leaders, customers, and other business owners all want businesses to thrive, it’s easier to overcome adversity and stay motivated. Plus, company owners have more access to mentors and advisors when there is a strong sense of community, ensuring they get the guidance they need to excel.
Las Vegas has a strong entrepreneurial spirit. There are many local organizations that help entrepreneurs achieve success, including:
- Nevada SBDC
- Nevada Small Business Council
- Nevada Women’s Business Center
- SCORE Las Vegas
- SBA – Las Vegas Office
Quality of Life
When it comes to residents’ quality of life, Las Vegas brings a lot to the table. There’s an amazing, energetic vibe, delectable food, and exciting events happening all year round. Along with shows on the Las Vegas strip, there are slew of other happenings to keep you busy.
Here are some of the fantastic things to do in Las Vegas:
- Las Vegas Bikefest
- Las Vegas Electric Daisy Carnival
- Las Vegas Market
- Life Is Beautiful Festival
- MAGIC Las Vegas
- Monster Jam World Finals
- National Finals Rodeo
- San Gennaro Feast
- The Great American Foodie Fest in Las Vegas
- Vegas Festival of Lights
When the local workforce is educated, small businesses have an easier time getting the skill sets they need to thrive. Las Vegas has a number of colleges and universities within the city limits, giving you access to a constantly refreshing talent pool of new graduates.
Here are just some of the local schools in the Las Vegas area:
- Arizona College of Nursing – Las Vegas
- Carrington College
- Chamberlain University – Las Vegas
- College of Southern Nevada
- Luna Community College
- Northwest Career College
- University of Phoenix online programs
- University of Nevada – Las Vegas
Business Filing Process
When it is time to complete your business filing, your first step is to figure out your business type. Often, an LLC is ideal as it reduces risk and comes with certain tax benefits. Plus, the Nevada rules for LLCs are pretty straightforward.
Once that’s squared away, the process of filing a business in Las Vegas is pretty simple. Here’s a quick checklist:
- Choose your business type
- Select a business category
- Identify the physical location of your business
- Complete an employee assessment
- Prepare for Nevada Department of Taxation requirements
When it comes time to get your business off the ground, you can find plenty of information online. Here are some helpful resources:
- Clark County Department of Business License
- Nevada Secretary of State
- Ted Vieira Consulting for all your web content and design needs
Is Las Vegas Right for You?
Ultimately, Las Vegas has a lot to offer. It’s got great energy, plenty of resources, and reasonable affordability. Plus, there is an exceptional workforce looking for great opportunities, making it easier to find the talent you need to get your business moving.
About the Author
Eleanor Wyatt is a workplace wellness expert and writer. She created Remote Work Wellness to provide advice to the growing remote workforce. She thinks it’s essential that people who work remotely be proactive about their health, and that’s what her site is all about. The resources she provides on her site are carefully curated from reputable sources and personal experiences to help people who work remotely care for their bodies and minds.