When an Initial List of Officers or Annual List of Officers is due, the business license fee is due. In Nevada, an annual list (also known as an annual report) is a regular filing that your LLC must complete every year to update your business information, including: Names and addresses of LLC members or managing members.
The Importance of Timely Filing
Filing an annual list in Nevada is relatively easy but crucial to smooth business operations. Failing to file an annual list can result in serious penalties, as can filing an inaccurate report. Review all your business information and file your report on time to ensure your LLC remains in good standing.
Fees and Procedures
The fee for filing an annual LLC list in Nevada is $150. After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.
The annual forms will be sent by the Nevada Secretary of State of your registered agent and every business entity is required to fill it out annually.
An annual list is a record of a company’s current list of officers/directors or member names and addresses.
Deadlines and Additional Costs
The Annual Report deadline is the last day of the entity’s anniversary month. Filings can be made 90 days in advance of the due date.
The State of Nevada takes between 3 to 5 working days to complete the processing of your regular submission. The cost of the Annual list and Business License Renewal in the State of Nevada is 150 USD and 200 USD respectively, and these payments must be made simultaneously when you file each of the forms.
Forming an LLC in Nevada costs $425. Annually, there is a list fee ($150) and a business license renewal fee ($200), bringing the total annual cost of maintaining a Nevada LLC to $350.
Compliance for Nevada LLCs
Nevada requires annual fees to maintain an LLC, including:
- Annual List of Managers or Managing Members = $150 per year.
- Nevada State Business License Renewal = $200 per year.
Filed with the Initial List, the Business License Fee for an LLC is $425. The annual list fee in Nevada is $150, and failure to file on time carries a $75 penalty. Additionally, the Renewal Fee for a Nevada Business License is $200, and failure to renew on time incurs a $100 late fee.
Does Nevada Require Annual Reporting?
Annual reporting is mandatory in Nevada to maintain compliance and update records. Failure to file on time leads to penalties and Default Status. The State Business License Fee is $500 for Corporations and $200 for all other entity types. For NRS Title 7 entities, payment of the Initial or Annual List of Officers fees is also required.
Utilizing Registered Agent Services
In Nevada, registered agent services can streamline the filing process, ensuring timely submission and offering a dashboard for tracking report statuses.