A limited liability company (LLC) can provide tax advantages and asset protection. Follow this seven-step process to get your Nevada LLC up and running.
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Updated on: October 27, 2024 · 12 min read
There are several advantages to forming an LLC in Nevada, including liability protection, no state corporate income tax, and a straightforward filing process.
Here’s how the Nevada LLC formation process works, from naming your business and fulfilling filing requirements to obtaining a business license and registering for taxes.
An LLC is a popular business structure for small business owners thanks to the tax benefits and liability protection it offers. Starting a business can be overwhelming, but we’ve simplified the process with this seven-step guide to setting up your Nevada LLC.
You'll need to choose a name to include in your articles before you can register your LLC. Names must comply with Nevada naming requirements. You can check Nevada’s Business Search tool to ensure that your business name is unique.
The following are the most important requirements to keep in mind:
If you aren't ready to register your LLC but are concerned your name might be taken by someone else, you can reserve it for a fee. It costs $25 to reserve a business name with the Nevada Secretary of State for 90 days. You can also pay a fee ranging between $25 to $125 for 24-hour expedited service. If you need faster service, you can pay an additional $500 for a 2-hour expedited process or $1,000 for 1-hour expedited service.
Keep in mind that if another business is already using your desired name, you won’t be able to reserve it.
Nevada requires you to appoint a registered agent for your LLC.
A registered agent is a person or entity authorized to receive service of process and other official legal documents and notices on behalf of your LLC.
A registered agent can be a person (including yourself or an employee of your LLC) or an entity that offers a registered agent service.
Registered agents in Nevada must meet the following criteria:
The articles of organization is a document that officially establishes your LLC by laying out basic information about it.
To register your Nevada LLC, you will need to prepare the articles of organization and file them with the Nevada Secretary of State. Though it sounds like a big job, that simply means filling out a relatively simple online form and submitting it.
You can find the Nevada LLC formation packet on the Nevada Secretary of State website, and either file online via Nevada’s SilverFlume portal or print and fill out the form and send it in by mail.
To prepare your articles, you'll usually need the following information:
Additionally, you have until the last day of the month following the month you filed the articles of organization to submit an initial list of officers and a business license to the Secretary of State.
Once you file your articles, the secretary of state will review the filing. If the articles are approved, the LLC becomes a legal business entity.
After your LLC has been approved, you can apply for an employer identification number (EIN), open business bank accounts, and obtain any permits or licenses needed to operate your business.
An LLC operating agreement is a written document that outlines how the LLC will operate and be managed and each member’s rights and responsibilities.
While Nevada does not require an operating agreement, it is an essential component of your LLC.
Having a readily accessible operating agreement is helpful for various reasons, including settling disputes that may arise over financial agreements and other potential litigation.
Without an agreement in place, the courts make determinations based on state law, not necessarily what is in the best interest of the LLC and its members.
An operating agreement can also detail which member is responsible for ensuring that mandatory filings are completed.
For instance, Nevada LLCs must file an annual list of officers within 90 days of the end of the anniversary month of the filing of the articles of organization. If this list isn’t filed on time, the LLC’s status will be changed to “default” and will be revoked if it isn’t renewed. Other requirements may include out-of-state filings for Nevada LLCs that also operate out of state, and employer reporting for LLCs that have employees.
The operating agreement can include, but is not limited to, the following:
In Nevada, an operating agreement can be considered legally valid and enforceable once all members of the LLC have agreed to its terms.
If your LLC meets the IRS’ criteria (such as having more than one member or having employees), you will need to obtain an employer identification number (EIN) . The IRS assigns a nine-digit EIN to identify your LLC for tax purposes.
You can apply for an EIN online, for free, on the IRS website, or via fax or mail. If you are an international applicant, you can apply over the phone.
Once you have an EIN, you can use it for the following purposes:
You can also get an EIN using LegalZoom’s EIN service. We guarantee accurate filing—fill out a quick questionnaire and we will get back with a confirmed EIN for your business.
Businesses are legally required to register with the Nevada Department of Taxation to comply with tax collection and payment obligations and secure mandatory tax permits. Businesses selling, using, consuming, or storing goods in Nevada are required to register for tax permits. Tax permits are used to report and pay sales and use taxes.
You will need to register for a Sales/Use Tax Permit if your LLC is a non-retail business that sells or leases physical goods or offers a taxable service in Nevada.
You will need to register for a Consumer Use Tax Permit if your LLC is a non-retail business that doesn’t sell directly to the public but still uses, consumes, or stores physical goods that it hasn’t paid sales tax on.
You can register online through the Nevada Tax Center or by mail. If you apply online, you can expect to receive your tax permit within 24 hours of submitting the application. If you apply via mail, it can take several weeks or more to receive your tax permit.
Additionally, Nevada LLCs that have employees must pay unemployment insurance tax. Businesses with employees that have a quarterly payroll of at least $225 are required to register for Nevada’s Unemployment Compensation Program with the Nevada Employment Security Division. Most Nevada businesses with hired staff are also required to have workers’ compensation insurance.
You can apply for a Nevada state business license when you file your articles of organization. Note that you will need a business license to file your Nevada business taxes.
Check your county’s website to find out information about how to apply for specific local business licenses.
Nevada LLCs are required to submit reports regarding their beneficial owners (individuals who own or control the business) to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
Nevada LLCs that are formed in 2024 have 90 days from the date they receive notice that their formation is effective to file a Beneficial Ownership Information Report (BOIR).
Nevada LLCs formed on or after Jan. 1, 2025, have 30 days following notice of effective creation or registration to file a BOIR. Using LegalZoom to file your BOIR can save you from paying $500 or more in daily fines.
Taking the following steps after forming your Nevada LLC can help set your business up for success:
Nevada's LLCs must file an annual report with the Nevada Secretary of State each year. The annual report must list officers, directors, and the registered agent. Nevada calls this report an annual list. The first annual list must be filed with the LLC's articles of organization. A copy is included with the articles of organization. Subsequent annual lists are due by the last day of the month of the anniversary of the LLC's formation.
You must file your state business license at the same time as your Initial or annual list of officers. The cost of the annual list of officers is $150. The cost of a Nevada state business license is $200 and must be renewed annually. The annual renewal fee for your Nevada state business license is due on the same day as the annual list of officers.
The cost of forming and maintaining an LLC in Nevada can include the following fees:
The total cost of establishing and maintaining an LLC in Nevada typically ranges from $775 to $1,850.
Keep in mind that Nevada LLCs may also be required to make a quarterly tax payment.
Starting your Nevada LLC is simple when you use our LLC formation services. You provide us with your business details and choose the services you need, and we take care of the rest.
Our LLC plans start at $0 plus state filing fees and provide step-by-step guidance for launching and protecting your business.
Registering your LLC gives you a legal foundation to conduct business. Plan to keep your LLC compliant and in active status on the state's website.
A registered LLC also makes it possible for you to do the following:
The length of time it takes to form an LLC in Nevada depends on whether you apply online or via mail and whether you pay extra for expedited processing services. The Nevada Secretary of State has same-day processing for most online LLC filings. If you apply by mail, you can pay an additional fee for expedited processing.
You can fill out and sign a Certificate of Correction form and mail the form along with a $175 filing fee to the Nevada Secretary of State.
You can dissolve an LLC in Nevada by filling out and signing a Certificate of Dissolution/Cancellation form and submitting the form and a $100 filing fee to the Nevada Secretary of State. You can submit the form online through the SilverFlume portal or via mail.
Rudri Bhatt Patel contributed to this article.
Every state has different rules, costs, and considerations for LLC formation.
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