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The Nevada Limited Liability Company (LLC) license has become a go-to option for business owners, entrepreneurs, and investors looking to manage their companies in the state.
The LLC form of organization is a registered business structure that allows for limited liability protection among its members and tax-planning opportunities that both individuals and businesses can use.
So what is the cost of a Nevada LLC?
The cost of a limited liability company varies depending on the business needs and industry.
This article will provide a general overview of all costs involved in setting up, running, and maintaining an LLC in Nevada.
How Much Does an LLC Cost in Nevada?
Here are the various Nevada LLC fees business owners should expect to pay when establishing their company:
Nevada LLC Online Filing Fee
This is the primary cost of starting a business in the state of Nevada. The online filing fee for an LLC is $425 to file
- the business license application ($200)
- the initial list ($150), and
- the company's Articles of Organization ($75).
This fee is paid to the Nevada Secretary of State.
The Articles of Organization are a required part of an LLC application. The filing must be completed by either a member or manager of the LLC. The Articles of Organization must include information like the LLC's name, address, purpose, members/managers, business plan, and officer(s).
For mail filing:
Secretary of State New Filings Division
202 North Carson St.
Carson City, NV 89701
And $425, to be paid to the Secretary of State
Certificate of Good Standing
The Certificate of Good Standing is a $50 charge to confirm the LLC's compliance and current status with the state of Nevada.
Individuals can request this document from the state during the year.
It is recommended that owners check for certificates of good standing on an annual basis or as needed when dealing with creditors and other third parties, such as potential investors or banks.
"Doing Business As" (DBA) Name
A DBA, or "doing business as" name is optional for an LLC. This is a name that can be used instead of the official LLC name. If a DBA name is chosen, a Nevada filing fee of only $20 will be required.
This cost should not be confused with registering a Trademark, which is a separate procedure conducted by the US Patent & Trademark Office.
Nevada LLC Fees for Registered Agents
Registered agents are crucial figures in forming an LLC. This individual or business helps provide an address within the state of Nevada for service of process on the LLC. Service of process is a notice to a party that they are involved in court action or litigation.
Depending on the registered agent, a business owner may be required to pay a minimum of $40 up to $500.
Reading the complete Northwest Registered Agent Review will benefit business owners trying to make the best decision in their LLC formation efforts.
Nevada LLC Operating Agreement Fee
An LLC operating agreement is an optional contract that members of the LLC sign to establish how the business itself operates. The agreement is entitled to be in a minimum of three (3) pages and can vary depending on the needs of the business.
The fee for an operating agreement varies depending on how many pages are included. The fees range from $50-$200 depending on the number of pages and complexity of the agreement.
Reserving a name costs $25, paid to the Nevada Secretary of State. The reservation fee is non-refundable, and the business name is subject to availability.
Tax ID Number (EIN)
An Employer Identification Number is a nine-digit number assigned to business entities to identify them as separate from their owners.
An EIN is necessary for an LLC, even if the business owners are the only members of the company and it is not a corporation. The employer identification number application comes at no cost.
Nevada Foreign LLC Cost
A foreign LLC is a business in another state registered as a member of another LLC in Nevada. The process of registering a foreign LLC is identical to that of an existing LLC, except for fees. Foreign fees in Nevada are $425.
Nevada LLC Annual Fees
Nevada LLCs must submit an Annual List and renew their State Business License every year with the Secretary of State's office.
The Annual List and State Business License Renewal are also filed together.
This ensures that an LLC maintains its good standing and may continue to conduct business in Nevada. The
On or before the final day of the LLC's anniversary month, it must renew its Annual List and State Business License. The LLC’s anniversary month is the same month it was approved. The total Nevada LLC annual fee is $350 per year.
This includes the annual list of Managing Members($150) and the Nevada State Business License Renewal ($200).
Are There Any Other Nevada LLC Cost Considerations?
Some companies require additional services, such as trademark registration and name search, which can add costs to establishing an LLC in the state. Business owners should anticipate possible added costs for these services; however, only necessary services should be contracted when starting out.
What does a Las Vegas LLC cost?
The total cost of a Nevada LLC is $425. This includes filing the business license application, initial list, and Articles of Organization. This fee is paid directly to the Nevada Secretary of State.
There it is - the cost of a Nevada LLC! There is no doubt an LLC is beneficial for businesses. Many entrepreneurs choose an LLC for its tax benefits and liability protection. When setting up an LLC in Nevada, knowing what to avoid will ensure the business starts as efficiently as possible.
Do not hesitate to reach out to a legal professional or accountant when beginning any new venture. Good luck!
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