A Nevada Limited Liability Company (LLC) offers asset protection, tax advantages and the ability to raise capital. The process of incorporating is simple. While on your way to forming a Nevada LLC, it’s essential to know which naming, formation requirements, forms, and fees are necessary for your small business.
Remember it’s all in the name. A name is your brand and should appropriately match your business pursuits. Your company business name must be distinguishable from other LLCs, restricted words (e.g. Banc, Bank, Banque, etc.) or licensed professionals (e.g. Doctor, Engineer, etc.) will require additional paperwork. Any words in your business name can’t create confusion of Federal or State Agency affiliation (e.g. FBI, Treasury). Your business name is interconnected with marketing efforts, including your online outreach and domain name availability. Research thoroughly before committing to a name.
Once you have your business name, you will need to file the Articles of Organization with the Nevada Secretary of State in order to register your LLC. After filing the Articles of Organization, the Initial List of Managers and Members should additionally be filed with the Secretary of State. There is a nonrefundable $75 fee for filing the Articles of Organization. You can include expedited services for an extra $125. Also, there is a $200 fee to file the Initial List of Managers and Members. Be sure to check with the Secretary of State for the most current fees.
When filing your entity, you’ll need to select a registered agent. A registered agent is a third party you designate to accept legal documents for your business, as well as any notifications from the state or other entities. The registered agent must be located in Nevada. Nevada Corporate Headquarters, Inc. (NCH) offers expert registered agent service that will accept all official documents on behalf of your LLC and then forward them to you. NCH’s location will be your company’s official address. This gives you scheduling flexibility, liberty, and assurance that you’ll never miss a legal document. The next step is obtaining your Nevada business license. NCH will complete and file your Nevada state business license, providing you with a formal license for legal operation.
It takes a few business days for the Secretary of State to process all the submitted forms and fees, unless you pay additional fees for expedited service. When the forms are processed, obtain your employer identification number (EIN). An EIN is free and will allow your company to open a business bank account, file Federal and State taxes, and hire employees. You can apply online for an EIN or mail the form once completed. No matter what business entity you choose, it needs to be for the right reasons. Let our Nevada business formation experts help you decide if forming a Nevada LLC is right decision for you. Call us at 1-800-508-1729.