Initial Formation Expenses
The cost to form an LLC in Nevada is $425. This includes a $75 filing fee for Articles of Organization, a $150 initial list fee, and a $200 business license fee. These fees are submitted online to the Secretary of State when starting the LLC.
Additionally, Nevada LLCs must submit an annual $150 list fee and renew the $200 business license. Reports and fees must be filed on time each year or the LLC may be cancelled.
An LLC needs a registered agent, which carries an additional cost.
Benefits and Additional Information
Forming an LLC in Nevada can provide liability protection, financial strength, and inexpensive upkeep for a business. Nevada offers additional benefits like tax savings and stronger asset protection compared to other states.
Ongoing Maintenance and Compliance
The state of Nevada offers a nationwide general business license application costing $200. This license has a one-year term, and LLCs must renew it annually for $200 to stay compliant. Local business licenses may be required as well, with fees ranging from $25 to $670.
A: The cost breakdown of starting an LLC in Nevada includes filing fees with the Secretary of State, registered agent fees, publication fees, and additional expenses related to operating agreements or business licenses.
Q: Are there any ongoing costs associated with maintaining an LLC in Nevada?
A: Yes, these may include annual state fees and franchise taxes that have to be paid on time.
Q: What other expenses should I consider when starting an LLC in Nevada?
Additional costs may include annual state fees to maintain your business’s active status, such as yearly report fees ($150) and list fees ($100). Taxes must be filed routinely with the Department of Taxation to remain in good standing.
Starting an LLC Online
Filing an LLC online is the fastest option, with approval typically within 1 business day. Expedited filing by mail has extra fees starting at $125. Hiring a filing service doesn’t accelerate approval.
The first step in forming an LLC is choosing a unique name. Then, file Articles of Organization and pay the $75 state filing fee to register your business. Acquire a State Business License for $200 and register for any necessary permits and licenses.