Nevada § 231.1405 Eligibility for certification: General requirements

Nevada Statutes

§ 231.1405 — Eligibility for certification: General requirements

Nevada § 231.1405

Title 18STATE EXECUTIVE DEPARTMENT

Ch. 231Economic

Program for Certification of Local Emerging Small Businesses

This text of Nevada § 231.1405 (Eligibility for certification: General requirements) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 231.1405 (2026).

Text

1. To be eligible for certification as a local emerging small business, a business must:

(a)Be in existence, operational and operated for a profit;

(b)Maintain its principal place of business in this State;

(c)Be in compliance with all applicable licensing and registration requirements in this State;

(d)Not be a subsidiary or parent company belonging to a group of firms that are owned or controlled by the same persons if, in the aggregate, the group of firms does not qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm; and

(e)Qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm. 2. To be designated a tier 1 firm, a business must not employ more than 20 full-time or full-time equivalent employees and:

(a)If the bus

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1. To be eligible for certification as a local emerging small business, a business must:
(a) Be in existence, operational and operated for a profit;
(b) Maintain its principal place of business in this State;
(c) Be in compliance with all applicable licensing and registration requirements in this State;
(d) Not be a subsidiary or parent company belonging to a group of firms that are owned or controlled by the same persons if, in the aggregate, the group of firms does not qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm; and
(e) Qualify pursuant to subsection 2 or 3 for designation as a tier 1 firm or a tier 2 firm.
2. To be designated a tier 1 firm, a business must not employ more than 20 full-time or full-time equivalent employees and:
(a) If the business is involved in providing construction services, the average annual gross receipts for the business must not exceed $1.7 million for the 3 years immediately preceding the date of application for certification as a local emerging small business; or
(b) If the business is involved in the sale of goods or in providing services other than construction services, the average annual gross receipts for the business must not exceed $700,000 for the 3 years immediately preceding the date of application for certification as a local emerging small business.
3. To be designated a tier 2 firm, a business must not employ more than 30 full-time or full-time equivalent employees and:
(a) If the business is involved in providing construction services, the average annual gross receipts for the business must not exceed $3.5 million for the 3 years immediately preceding the date of application for certification as a local emerging small business; or
(b) If the business is involved in the sale of goods or in providing services other than construction services, the average annual gross receipts for the business must not exceed $1.3 million for the 3 years immediately preceding the date of application for certification as a local emerging small business.
4. In determining if a business qualifies for a designation as a tier 1 firm or a tier 2 firm pursuant to subsection 2 or 3, the Office shall use the criteria set forth in NRS 231.14052 to determine whether an employee is a full-time equivalent employee for the purposes of such a designation.