How To Start An LLC In Nevada

Is Nevada a good place to start an LLC? How to form an LLC in Nevada? We answer these questions and a lot more in our detailed Nevada LLC guide. Read on!

Start An LLC In Nevada

Starting an LLC in Nevada may seem like a daunting task. 

We compiled everything you need to start an LLC company in this state so that you don’t have any problems whenever you want to start the process. Keep in mind that while the process may take a bit of time, it’s not as complicated as some people make it to be.

The following article will outline everything you need to know about creating an LLC in Nevada. You don’t have to wonder about “how to start an LLC in Nevada” anymore since this page covers everything from forms to other additional things you may need.

First, let’s analyze how Nevada compares to other states as a place to start an LLC.

StateNevadaCaliforniaUtahOregonUS Average
Population3,104,61439,237,8363,271,6164,237,2566,619,825
LLC Filing Fee$425$70$70$100$130.38
LLC Annual/Biennial Fee$350 (every year)$800 (every year) + $20 (every 2 years)$20 (every year)$100 (every year)$89.34 (every year)
Corporate Tax Rate0%*8.84%4.95%6.6-7.6%5.60%
Nominal GDP per capita$61,375$85,546$66,011$62,867$64, 773.08

Before You Set Up An LLC In Nevada

The first thing you need to do in the process of forming an LLC in Nevada is to file a document with the Nevada Secretary of State, which has a cost of $75 per form. A good thing about this step is that you can either apply by mail or online. 

In case you don’t know, the “Articles of Organization” document is a legal document that will create your Nevada LLC automatically. Once you’re finished filing the document online or via mail, you can start with this step-by-step guide on starting an LLC in Nevada.

How Much Does It Cost To Start An LLC In Nevada?

Those wondering “how much to start an LLC in Nevada?” will find all the answers here. The following section will outline and break down the costs needed for you to start your LLC in Nevada.

  • Articles of Organization Filing Fee – As mentioned before, this fee has a cost of $75
  • Annual List Fee in Nevada – In Nevada, all LLCs are required to file a list with the Secretary of State. The cost for this fee is $150. You can submit this annual list through the Nevada Secretary of State’s website. Keep in mind that if you fail to file this document on time, you may have to pay a $75 penalty.
  • Nevada Business License Renewal Fee – All LLCs must renew their business license each year. The fee for doing this is $200. Those who fail to renew their license on time may have to pay a $100 late fee.
  • Business Licenses and Permits – Depending on the industry you decide to work in, you may have to comply with local, state, and federal regulations to operate in Nevada. This applies to any kind of business.
  • Registered Agent Fee – The fees for registered agents start at $39 for the first year plus state fees.

Other costs associated with registering your LLC in Nevada include the following:

  • LLC Name Reservation – You can reserve your LLC name for up to 90 days by paying a $25 fee and filing a Name Reservation Request online. You can also complete this process by mail.
  • Certified Document Copies – You can order certified copies of all the documents surrounding your business through Nevada’s secretary of state. These have a cost of $30 plus $2 per page.
  • “Doing Business As” (DBA) Name – You can pay a $25 filing fee to file for a fictitious firm name.
  • Certificate of Good Standing – You can order this through the Secretary of State. It costs $50. The certificate of Good Standing is often required by lending institutions or banks.

In the end, you may have to pay approximately $425 to start and $350 each year to renew your license. If you want to reserve your name and add another for your company, order certified copies, or get a certificate of good standing, the cost will go up.

Steps To Start An LLC In Nevada

Steps-to-set-up-an-LLC

Now that you know the costs, here are the steps you must take to start your LLC in Nevada:

1. Pick A Name For Your LLC 

First, you must choose a name for your company that complies with all the rules and regulations in the state of Nevada. Moreover, it’s recommended for you to choose a name that’s easy to remember and spell by your potential clients.

It’s always recommended for you to check if your company name is available as a web domain. You can check here. Moreover, you can check if the company name is registered by the Nevada Secretary of State.

Here are other factors you should consider:

  • The name must include the words “Limited,” “Limited Liability Company,” “Limited-Liability Company,” “Limited Company,” or their abbreviations, including “L.L.C,” “LLC,” “LTD.,” or “LC.”
  • It cannot have any words that confuse your company with any government agency.
  • Keep in mind that some words like “Bank” or “Attorney” may require additional paperwork and licensed parties to be part of the company.

2. Find A Registered Agent In Nevada 

A registered agent is responsible for receiving and handling all your legal documents, government correspondence, lawsuits, and tax forms. According to Nevada law, you must have a registered agent. In Nevada, registered agents can be a business entity authorized to do business in the state or a Nevada resident.

It’s important to note that registered agents must have a physical street address in the state.

Websites like ZenBusiness offer a registered agent service that you can check. LegalZoom also offers formation services.

ZenBusiness – $49 + state fees to register your LLC (read review)
Incfile – $0 + $50 state fees to register your LLC (read review)

3. Articles Of Organization 

As mentioned before, the Articles of Organization can be filed online or through the mail, and its purpose is to register your LLC in Nevada. Typically, the forms will require you to include the following information:

  • The LLC name
  • The name and address of the person responsible for forming the LLC and their signature
  • The management structure: You can choose either managers or members
  • The names and addresses of all managing or manager members
  • The name, address, and signature of the registered agents. These people or institutions must sign a Certificate of Acceptance of Appointment by a Registered Agent
  • The dissolution date of the LLC (if there’s one)

It’s vital to note that the initial report and the business license are required to be filed with the Articles of Organization.

Articles Of Organization

4. Other Required Documents

It’s always recommended to get a Certificate of Good Standing since some banking or lending institutions require them. This certificate may also help you when forming a foreign LLC in another state, seeking funding, or renewing your licenses.

On the other hand, if you already have an LLC and want to expand to Nevada, you must register a foreign LLC, which costs $425.

The certificate costs $50, and the mailing address is:

  • Secretary of State
  • Copies Division
  • 202 North Carson Street
  • Carson City, Nevada 89701-4201

5. Operating Agreement 

Generally speaking, the operating agreement in Nevada is a document that will outline of your LLC will take care of its business. While it’s not required for Nevada businesses to have one, it’s recommended to have one since it helps settle disputes.

6. Get An EIN

Finally, you must get an Employer Identification Number (EIN), which is a nine-digit number that the IRS assigns your company for tax-related purposes. People can request their EIN online through the IRS website or by mail.

Keep in mind that getting an EIN will help you with the following:

  • Hiring employees
  • Opening a bank account for the business
  • Filing and managing taxes

The Forms You Need to Register an LLC in Nevada

Did You Know?

Nevada is one of the few states in the United States that don’t have a personal income tax. This means that there are no due state income taxes for most LLCs.Nevada allows for anonymity in public filings. Nevada doesn’t have any information-sharing agreements with the IRS.

LLC Taxes in Nevada

How Much Do LLCs Have to Pay in Taxes in Nevada? 

In this particular case, no state income taxes are due since the state of Nevada doesn’t have a personal income tax. However, if the LLC has employees, you will have to pay employer taxes. Moreover, if you sell goods, you must collect and pay sales tax.

How Much State Taxes Do LLCs In Nevada Have to Pay?

LLCs don’t have to pay state taxes.

How Much Federal Taxes Do LLCs in Nevada Have to Pay? 

LLCs must pay 21 percent in federal taxes.

Considering that Nevada doesn’t have a personal income tax, it’s considered an excellent place to start an LLC due to all the flexibility it offers.

Corporate Tax Rate Nevada

How Long to Form an LLC In Nevada?

Typically, filing the Articles of Organization could take up to two business days if you do it online or up to two weeks if you do it by mail. The rest of the process could take you, on average, from four to six weeks.

How Much Does It Cost to Run an LLC in Nevada?

Overall, you have to pay at least $425 in initial costs and then $350 annually. Keep in mind that this doesn’t cover any other factors like employees, utilities, and others.

What to Do After Formation

Keep in mind that registering your LLC is the first step of many others you must take to create your company successfully. The following section will outline other things you must do once you start the LLC.

  • Create a Logo – Create an excellent, beautiful, and professional logo that makes your company stand out from the rest. Remember, this is the first impression you’ll give potential customers.
  • Build a Website/Ecommerce Store – Most companies need a website where people can learn more about the company, the products or services it sells, and more. You can either hire someone to build your website or use a website builder to do it yourself.
  • Bank Account – It’s not recommended to mix your business income with your personal finances. It’s recommended to open a business checking account.
  • Business Insurance – Business insurance is essential if you want to deal with any unforeseen problems in the company, including workers’ compensation or general liability cases.
  • Annual Reports – These reports will help people understand how your company has performed over the year, which promotes efficiency and transparency.
  • Social Media – Although it may not seem important, having social media presence could seriously boost your business.

When it comes to a new business, it’s always better to have as many things checked out as possible. That way, you will ensure a much smoother operation process.

Resources to Start a Successful LLC in Nevada

Start Marketing Your LLC in Nevada

Once you’re done with registering your LLC, you must deal with marketing. Here, you must look for your target audience and build your brand around them. This will help you sell the product more efficiently.

Some of the first steps to marketing your Nevada business include creating a website, creating social media accounts, and paying for ads. These are crucial to get your brand out there and also to get people interested in what you have to offer.

By using SEO practices and some investments, you will be able to drive both organic and paid traffic to your website and social media, which could result in conversions.

You can learn more about marketing by reading our ultimate guide to business marketing

How to Dissolve an LLC in Nevada

If you want to dissolve your LLC in Nevada, you must provide completed Articles of Dissolution for an LLC, as well as Customer Order Instruction forms to Nevada’s Secretary of State. Keep in mind that this process has a $100 fee.

Once you’re done, you can also choose to close your business accounts to prevent any future problems from happening.

Conclusion

Now that you read through this page on how to start an LLC in Nevada, we hope you feel ready to get your business running with all the resources necessary. 

Remember that this page also has all the forms you need to get started. However, if you feel like this is too much, you can also seek help from a professional.

Frequently Asked Questions (FAQ)

Once you file the Articles of Organization, you will automatically register your LLC. Then, you have to follow the steps mentioned in this guide so that you finish the registration process.

There are many benefits you can get from forming an LLC in Nevada, including: No taxes on corporate shares Privacy protection measures No requirements for annual meetings Low business registration fees No state income, franchise, or corporate taxes You’re allowed to form single-person corporations Quick turnarounds.

You can either visit the IRS website to apply online or send Form SS-4 to the IRS fax number, which is 855-641-6935.

Overall, it’s $500 for corporations and $200 for any other business types, including LLCs

Nevada is one of the states that don’t have a personal income tax. However, depending on your industry, you may have to register one or both of these state taxes: Sales Tax Employer Taxes

Modified Business Tax Rate – 1.17 percent for those businesses that exceed $62,500 in taxable wages. Commerce Tax Rate – From 0.051 percent to 0.0331 percent, depending on the type of industry your company is and if you have gross annual revenue of over $4 million. Federal Taxes – 21 percent.

Yes. You have to renew your State Business License and file an Annual List every year; this is done so that your business is in good standing.

LLCs in Nevada report income to the IRS through Form 1065 Partnership Return and Form 1040 Schedule C. However, the state itself doesn’t engage in information sharing with the IRS.

Author

Matija

Matija

Amazing content is the core of what we do. With more than 5 years of experience in branding, name development, and business, Matija helps create and manage content production.

Show all posts from

We use cookies to offer you our service. By using this site, you agree to our: Cookie Policy