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Most U.S. states require all registered businesses to file an annual report with their Secretary of State or equivalent office. In Nevada, it’s called the Annual List of Managers or Members.
The state uses the annual list to ensure that the information about an LLC’s management or ownership remains updated. And, most importantly, filing this document every year keeps your LLC compliant with state requirements.
Whether you’re starting an LLC in Nevada or managing multiple LLCs there, NCH is here to help you understand what the annual list is. Read on to learn more about this document.
Key Takeaways
- All Nevada LLCs must file the Nevada Annual List of Managers or Members with the Secretary of State every year. It keeps a business in good standing with the state.
- The annual list should include updated information about your LLC’s managers and owners. Additionally, it must contain your LLC’s legal business name and state identification number.
- Nevada annual report filings are due on the last day of an LLC’s anniversary month. The document can be submitted online or mailed to the Secretary of State.
- If you file your annual list past its deadline, you must pay a late fee of $75. Extended non-compliance may lead to loss of legal protection and administrative dissolution.
- The Annual List of Managers or Members and Initial List of Managers or Members are two different documents. One requires updated information about your LLC’s management or ownership, while the other contains basic information about the company’s managers or members.
What is the Annual List of Managers or Members?
The Annual List of Managers or Members is a document that Nevada LLCs must file with the Nevada Secretary of State every year. It generally contains updated information about its managers or owners.
Nevada’s annual report confirms that your LLC remains active, and filing it every year keeps your business in good standing with the state.
Related Resource
Read NCH’s ultimate guide to Nevada LLC renewal for more information about the process.
What Should I Include in My LLC’s Annual List?
You should include the following information in your LLC’s annual list.
- Your LLC’s entity number or Nevada business identification number
- Your company’s legal business name
- The names, titles, and addresses of your company’s managers, officers, or members (Manager-managed LLCs provide information about their managers, while member-managed LLCs provide information about their owners.)
Finally, have one of your LLC’s managers, members, or another authorized person sign the annual list.
When Should I File the Annual List?
The Nevada Annual List of Managers or Members is due on the last day of your LLC’s anniversary month. If your LLC was formed on March 15th, it must file an annual report by March 31st.
You can file your LLC’s annual list via the SilverFlume portal or mail it to the Nevada Secretary of State. You’ll be charged $150 for this filing.
If you’re using SilverFlume, your filing will be processed immediately. For mailed annual reports, expedited processing is available. 24-hour processing for the annual list costs an additional $125.
What Happens If I File My Annual List Late?
If you file your annual list late (past its due date), you’ll be charged a late fee of $75. Persistent non-compliance can put your LLC in default status and at risk of dissolving. This creates significant consequences for the business.
- Your bank may freeze your business bank account or limit your access to its services.
- Vendors may request additional guarantees or refuse to change credit terms.
- Your LLC loses its legal protection. For example, state courts might refuse to handle a new legal claim against your business.
Can a Non-Compliant Nevada LLC Be Reinstated?
A non-compliant Nevada LLC can be reinstated. This process involves paying a $300 fee (plus any outstanding fees), submitting the documents you’ve failed to file, and filing a reinstatement form with the Secretary of State.
NCH has shared how to reinstate a dissolved Nevada LLC on its blog.
What’s the Difference Between Nevada’s Annual & Initial Lists?
You might confuse the Annual List of Managers or Members with the Initial List of Managers of Members. Both documents should contain information about your LLC’s management or owners, but they have different purposes and requirements.
The Initial List of Managers or Members
A Nevada LLC must file the Initial List of Managers or Members during its formation process. This document contains basic information about your business, including its legal name, business address, and the names and titles of its managers or members.
The Nevada Secretary of State charges $75 for filing the initial list. You can download a packet with this document from the NVSOS website or use SilverFlume for the filing.
The Annual List of Managers or Members
You can use the Annual List of Managers or Members to update information about your LLC’s management or ownership. Let’s say you’ve added a member to your LLC. You can include their name and title in your annual report.
Also, changes to any of your LLC’s basic information should be included in the Annual List of Managers or Members. Alternatively, you can file an Amended List of Managers or Members for immediate changes.
Related Resources
- Get a full guide to LLC initial and annual lists here.
- Find out why you should file an annual report for compliance.
What to Avoid When Filing Your Annual Report
Many LLC owners can make mistakes when filing their annual reports. The following errors can cause delays or rejections.
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| Common Mistake | Example(s) |
| Inaccurate information |
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| Late filings | Submitting annual reports after the due date |
| Delayed payments and processing |
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| Other errors |
|
Bonus Resource
Learn how to start an LLC in Nevada from NCH’s YouTube channel.
Frequently Asked Questions
What happens if I file my Annual List of Managers or Members late?
If you file your Annual List of Managers or Members late, you’ll be charged a late fee of $75. Failing to submit the document altogether can cause your Nevada LLC to lose its right to conduct business in the state. Specifically, non-compliant LLCs face administrative dissolution (closed by the state).
Does an inactive LLC need to file an annual report?
Yes, an inactive LLC needs to file an annual report. It must do so to maintain its legal protection and avoid penalties. This requirement typically applies to inactive LLCs with unsubmitted annual reports.
Can I use the annual list to change my LLC’s management structure?
You can only use the annual list to change information about your LLC’s management or ownership. If you want to update your current management structure, you must file a separate amendment form. The change should be approved by all LLC members and stated in your operating agreement.
How do I know if my LLC is manager-managed or member-managed?
To know if your LLC is manager-managed or member-managed, check your Articles of Organization and operating agreement.
- If your LLC has designated managers, it’s a manager-managed LLC.
- If your LLC’s owners manage the business themselves, it’s a member-managed LLC.
What’s the difference between an annual list & an annual report?
The “annual list” is another name for the annual report in Nevada. The Secretary of State requires all LLCs to file this type of annual report with current information about their management or ownership.
Conversely, other states may require LLCs to include other information in their annual reports.
Can I file the Annual List of Managers or Members online?
Yes, you can file the Annual List of Managers or Members online. This can be done via the SilverFlume portal, which will process your filing immediately. Also, you can pay the filing fee on the website.
What address should I use if my LLC operates in multiple locations?
If your LLC operates in multiple locations, use its principal business address. The address can be that of your head office or headquarters. Just make sure not to use a P.O. box, as you might miss state correspondence about your annual list.
Can I correct errors on my Nevada Annual List after filing it?
Yes, you can correct errors on your Nevada Annual List after filing it.
The annual list doubles as an Amended List of Managers or Members. However, you’ll need a new copy of the document to include your amendments. Filing the Amended List of Managers or Members costs $150.
Do I need to renew my Nevada business license when filing an annual list?
Yes, you need to renew your Nevada business license when filing an annual list. Both requirements are due at the same time. Nevada business license renewals cost $200 for LLCs.
Who must file a Nevada LLC’s annual list?
An authorized person within a Nevada LLC must file its annual list. This individual can be one of your company’s managers, officers, or managing members.
Alternatively, some LLCs delegate annual list filings to a registered agent or a professional business compliance service provider.
Expert Tips From NCH
- Set up automated reminders for annual report deadlines. Each reminder should be made at least 90 days before the due date, giving you enough time to prepare the necessary information.
- Update your business records once your LLC’s management or ownership changes. This way, you can include the latest information in your annual report and avoid errors.
- Write the complete names of your LLC and its managers, officers, or members on your annual list. The Nevada Secretary of State can return the document to you or reject your application if you include nicknames, abbreviations, or informal names on it.
- Consider filing your annual list early. It’s important if you’re avoiding unexpected delays.
- Keep copies of all filed annual reports for your corporate records. Store these documents in a secure yet accessible location.
Keep Your Nevada LLC in Good Standing
All Nevada LLCs must file the Annual List of Managers or Members every year for ongoing compliance. Still, this important task can be overlooked as LLC owners stay focused on their operations. Timely filing of your Nevada annual report helps your business avoid penalties and stay legally protected and compliant.
Ready to form a Nevada LLC? Consider working with NCH’s business formation experts for your upcoming launch.
DISCLAIMER: The above material has been prepared for informational purposes only, containing opinions of the provider and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Please consider consulting tax, legal, and accounting advisors before engaging in any transaction.