Nevada LLC Costs

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There’s a reason why Nevada is one of the most pro-business state governments in the country. With little to no income taxes and an easy registration process, it’s the perfect place for anyone looking to kickstart their LLC using small capital.

March 30, 2017
Author: NCH

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The initial cost of setting up an LLC in Nevada starts at $425, with an annual of $350 per year. Aside from this, there are other important fees you need to keep in mind before deciding to file an LLC in Nevada.

To help you understand the cost of an LLC in Nevada, we’ve created a breakdown of the state’s registration and filing fees.

How Much Does An LLC Cost in Nevada?

Typically, you only have to file one LLC formation document. But if you’re creating an LLC in Nevada, you’re mandated to file three documents:

  • The Articles of Organization
  • The State Business License
  • Initial List of Managers or Managing Members

Each document has a filing fee ranging from $75 to $200, which is included in the $425 fee we mentioned earlier. And depending on whether you want the process to be expedited, your registration costs could increase.

The same fees apply to any foreign LLCs hoping to operate in Nevada. You need to pay the $425 filing fee and send your application for Registration of a Foreign Limited-Liability company to the Secretary of State.

Annual Filing Requirements For A Nevada LLCAnnual Filing Requirements For A Nevada LLC

The annual filing requirements for LLCs in Nevada typically cost $350, which includes a $150 filing fee for your annual list and $200 for your business license renewal.

The state requires businesses to file annual lists and renew their business licenses on time. If you don’t file them on time, you’ll be asked to pay an extra $75 as a penalty.

Other Filing Fees to Keep in Mind

Depending on the nature of the Nevada LLC you’re forming, there are other vital fees the state may impose.

For example, if you want to reserve your business name a few weeks before you file your LLC formation documents, you need to pay $25. The state allows you to file a Name Reservation request to preserve the name you want for your business for up to 90 days.

And if you want to use a different name for your Nevada, aside from its legal name, you can file for a Doing Business As (DBA) name for $25.

Five Benefits of A Nevada LLC

Aside from the low costs of a Nevada LLC, here are its other great benefits.

Personal Asset Protection

Nevada has some of the strongest asset protection regulations in the country. If something goes wrong with your LLC, rest assured your assets are protected from creditors. You won’t be responsible for your LLC’s legal problems because Nevada separates the LLC’s entity from their owners.

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You don’t need to live in Nevada to enjoy the best asset protection
and audit defense a Nevada LLC can provide.

Suppose your Nevada LLC took out a loan it couldn’t pay. In that case, creditors can only take your company’s assets for compensation. They can’t go after your personal properties.

Tax Advantages

Another great thing about Nevada is that it provides small business owners a leg up in tax policies. Nevada doesn’t impose the following tax types:

  • Corporate income tax
  • State income tax
  • Inventory tax
  • Franchise tax
  • Estate tax
  • State corporate share tax

You can use the money you save from your earnings to expand your business in the long run.

Fewer Requirements

Unlike other states, Nevada doesn’t require you to hold annual meetings. You can also run your business without an operating agreement with your members.

Better Privacy Practices

If you want to stay anonymous in Nevada, you can do so without any problems. Nevada doesn’t require businesses to have a formal information-sharing agreement with the IRS. Lastly, the identities of your members and shareholders are not part of the public record.

No Residency Requirements

Suppose you don’t live in Nevada but are thinking of incorporating an LLC there. In that case, you can do it even if you live outside the state or the country. The state doesn’t require you to have a local office or employees.

However, Nevada does require you to have a registered agent. A registered agent receives your LLC’s legal documents and letters. You can assign an existing employee or outsource one who lives in the state.

Kickstart Your LLC Today

Nevada has a lot to offer small business owners. And you can enjoy them even if you choose a different structure or entity.

Suppose a general partnership is more appropriate for your company. In that case, you can still enjoy Nevada’s low filing fees and tax rates.

Find out more about the benefits of forming an LLC in Nevada by visiting NCH’s website. Explore how our business formation services can help you through the process of incorporating a startup.

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