How To Start An LLC In Nevada
To start an LLC in Nevada, you must file Articles of Organization with the Nevada Secretary of State. You can file the document online or by mail. The Articles of Organization and supporting documents cost $425 in combined fees to file. Once filed with the state, your Articles of Organization formally create your Nevada LLC. However, to actually ready the LLC to do business, you must complete several additional steps.
Starting a Nevada LLC Guide:
Nevada LLC Filing Options
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Nevada LLC Articles of Organization free download. When you're done filling out the form, submit it to your state.
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Nevada LLC Articles of Organization Requirements
To form a Nevada LLC, you must complete and file the Articles of Organization with the Nevada Secretary of State. See the document below and click on any number to see what information is required in the corresponding section.
Your name must include “Limited-Liability Company,” “Limited Company,” or an abbreviation. Most companies keep it short and sweet with “LLC.”
You can choose either a noncommercial or a commercial registered agent. Your agent will need to sign the Certificate of Acceptance of Appointment by Registered Agent (page 4 of the paper packet). For a noncommercial agent (such as yourself), you’ll have to include their Nevada street address, which becomes a part of the permanent public record of the LLC. For commercial agents (like yours truly, Northwest Registered Agent), you just need a name and signature, which we’re happy to provide.
If you want a self-destruct timer on your LLC, you can include an end date in your Articles of Organization. Skip this section if you want your company to continue indefinitely. Tip: Most LLCs skip this section.
You’ll need to note whether your company is managed by its members or by managers. Most LLCs are managed by members, but if you don’t plan to oversee the day-to-day operations, you can turn over decision-making powers to one or more managers. You’ll also need to include the name and business address of each member or manager.
“Organizer” is just a fancy title for the person who signs and submits your Articles of Organization. Your organizer doesn’t have to be anyone in your LLC. When you hire Northwest, we’ll be your organizer.
The Initial List (page 3 of the paper form) is a list of your LLC’s managers (or managing members) and their contact information. The fee is $150. The Business License Application doesn’t require a separate form, just an additional fee of $200. (With the $75 Articles of Organization fee, your total is $425.) If submitting a paper form, just include these items and fees in your Order Description on page 5. Or, just let us do it all for you when you hire Northwest to form your Nevada LLC.
How much does it cost to start a Nevada LLC?
It costs $425 to form a Nevada LLC. That’s the combined total of three separate, mandatory filings: Articles of Organization ($75), Initial List of Managers or Members ($150) and a State Business License Application ($200).
Hire Northwest and your total, out-the-door cost is $650 for standard filing, including all three of the state filing fees, registered agent service, and loads of forms and resources to help your Nevada LLC get up and running. Expedited filing costs tacks on additional $125 expedite fee (for a total of $775).
How long does it take to start a Nevada LLC?
Nevada is currently experiencing extended wait times for business filings because of problems with its new online business processing system. Standard (non-expedited) filings currently take about 30 business days to process. Expedited filings take around seven (7) business days. Both options are available when you hire Northwest.
Does a Nevada LLC need a registered agent?
Yes, your Nevada LLC is required to have and maintain a Nevada registered agent. Some people try to save a few bucks by being their own registered agent. Being your own registered agent, however, has its own costs. The Nevada address you’re required to list becomes part of the permanent public record (and a prime target for data sellers who will fill your mailbox with junk). You also have to be available at the address you list during business hours—and who can afford to be tied to their desk when they have a business to run? Meetings don’t attend themselves. And if you decide to change your office or agent? You’ll have to shell out $60 each time to file a Statement of Change form with the state.
Instead, consider hiring a commercial registered agent like Northwest. Our address will go on your public documents—no worries about junk mail or unwanted visitors on your doorstep. Our address will also stay consistent even as your business grows and changes. We’ll be ready and waiting at our office to accept your legal notifications—we even scan and send them to you the same day.
Create the Nevada LLC Operating Agreement
Do I need an Operating Agreement?
If it’s important, you should put it in writing—and what’s more important than how your business operates? Sure, the state won’t come after you if you don’t have one, but your operating agreement is the most critical internal document of your Nevada LLC.
Why is an Operating Agreement important?
Your operating agreement spells out how your business really functions—how much each person invested, how profits and losses are allocated, and what happens if the whole thing crashes and burns. And your operating agreement isn’t just important for the people within your LLC. You’ll almost certainly need your agreement to open a bank account. Potential lenders, investors, and partners will want to see it too. For many people, starting a business is the single biggest endeavor—and biggest financial gamble—of their entire lives. It’s not the time to cut corners.
Do I have to write the Operating Agreement?
Not sure where to begin? Northwest can help you start out on the right foot. When you hire us to form your Nevada LLC, we’ll give you a free operating agreement, specific to your management style. We’ll give you loads of other free forms too, from resolutions to membership certificates. We hope to keep working with your business for years to come, so we work hard to make sure you thrive. That’s why we were the first website to hand out free LLC forms. While imitators have since flooded the web with cheap-o forms, we’ve spent years refining and improving our forms. We’re proud to say that over a million LLCs have used our free LLC forms.
Get a Nevada LLC EIN
Do I have to get a tax ID number (EIN)?
If your Nevada LLC has employees or files certain federal excise taxes (like Alcohol/Tobacco/Firearms returns), you’ll need a federal tax ID. Want to open a business bank account? Your bank will ask to see your EIN. Want to establish credit with a vendor? They’ll almost certainly request your EIN. Just to file many local tax forms, you’ll need your EIN. In some of these cases, you can use your personal social security number instead, but who wants to risk that? Especially when an EIN is free from the IRS. Can’t bring yourself to fill out even one more form? Hire Northwest to apply for your EIN on your behalf.
Open a Bank Account for Your Nevada LLC
To open a bank account for your Nevada LLC, you will need to bring the following with you to the bank:
- A copy of the Nevada LLC Articles of Organization
- The LLC operating agreement
- The Nevada LLC’s EIN
If there are multiple members in the LLC, you may also want to bring an LLC resolution to open a bank account that states that the person going to the bank is authorized by the members to open the account in the name of the LLC.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open business accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Obtain a Business License
Does a Nevada LLC need a business license?
Yes, Nevada LLCs are required to get a business license, and it’ll set you back $200 a year. You submit your first business license fee along with your Nevada LLC Articles of Organization. The license must be be renewed each year and is due at the same time as your Annual List. There’s a steep $100 penalty if you file late. Avoid problems and late fees—hire Northwest to file both your Annual List and Business License each year. That way, you can focus on running your business, not remembering filings.
File Nevada LLC Reports
What is a Nevada LLC Annual List?
Nevada’s version of an LLC annual report is called the Annual List of Managers or Members. Just like the name suggests, it’s a yearly update of the names and business addresses of either your LLC’s managers (if your LLC has managers) or your LLC’s members. The filing fee is $150, and if you miss the deadline, you’re hit with an additional $75 late fee. Worried you’ll forget? We can help—when you sign up for services at Northwest, we send you reminder notifications. Want to cross this task off your “to do” list entirely? You can hire us to submit your Annual List (and Business License renewal fee!) for you.
How much does an LLC in Nevada cost each year?
At least $350. That’s $150 for the Annual List and $200 to renew your business license. These fees are due together each year.
Pay the LLC Taxes
What are the Nevada LLC taxes?
Nevada is one of the few states with no personal net income tax AND no corporate net income tax—yay! Before you jump for joy though, note that Nevada isn’t devoid of business taxes altogether. For example, if your LLC has employees, you must file a return for Nevada’s Modified Business Tax (MBT). The MBT is a 1.475% quarterly tax on wages (which kicks in after the first $50K of gross wages each quarter). Also, all LLCs with more than $4 million in gross revenue must pay a Commerce Tax that varies by industry.
And of course, there are sales taxes. The state sales tax in Nevada is 4.6%. However, Nevada counties can tack on their own sales taxes as well, bringing the average total sales tax to 7.763%. There’s a variety of specific products and services (mostly aimed at all the Las Vegas tourists) that have specialty tax rates as well. For example, room occupancy taxes for hotels on the Strip can hit 13%.
Property taxes are worth a note as well. Nevada sees a ton of property investment each year and not just in Las Vegas. Considering investing in property? While property taxes in places like Clark County are high, Nevada property taxes in general are relatively low, averaging 0.84%. If you decide to invest in Nevada property, your attorney will likely advise creating an LLC to protect your personal assets. At Northwest, we can form your Nevada LLC for as low as $650.