It costs $425 to start a Nevada LLC. This one-time filing fee with the Secretary of State covers the Articles of Organization, Initial List, and Business License.
Benefits and Protections
An LLC offers liability protection. The Nevada LLC naming guidelines require:
- Using "limited liability company" or an abbreviation
- Not confusing it with a government agency
- Getting licensing for restricted words
Nevada LLCs have no franchise or income tax. An LLC protects your personal assets from business debts and lawsuits. However, courts may "pierce the corporate veil" if you mishandle company finances.
Costs and Fees
Initial Costs
- $425 Secretary of State Filing Fee for Articles of Organization, Initial List, and Business License
Annual Costs
- $150 Annual List Fee
- $200 Business License Renewal
Additional Costs
- Registered Agent Fees
- Late feesif applicable: $75 late penalty for the list and $100 for license renewal
Filing Procedures
The first thing you need to do is to file a document with the Nevada Secretary of State, which has a cost of $75 per form.
You’ll need to select a Registered Agent for your business to be officially recognized in the state – an important step!
Time Frames for Filing
Nevada offers a fast online filing system that can approve your LLC in 1 business day. The process takes 1-2 days total. If you want to expedite filing, Nevada offers additional processing options:
| Processing Time | Additional Fee |
|---|---|
| 24-hour | $125-$1000 |
| 2-hour | Depends on tier |
| 1-hour | Depends on tier |
An LLC needs an EIN to open business bank accounts and file taxes. You may also need permits and licenses depending on your industry.
Steps to Registration
To get started, you need to file paperwork with the Secretary of State, appoint a registered agent, and pay the initial fee of $425. Stay on top of annual report filings and fees.
By following key steps to register an LLC, you can successfully form and maintain one, enjoying the benefits and protections it offers.