Section 231.205 - Certification: Interpretation of certain requirements for eligibilityFor 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.Nev. Admin. Code § 231.205
Added to NAC by Office of Economic Dev. by R102-13, eff. 12-23-2013