How Much Does an LLC Cost in Nevada
It costs $425 to start an LLC in Nevada. But these additional expenses could increase the total to over $3,000.
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Here are the following costs to consider:
- Articles of Organization: $75
- List of Managers or Members: $150
- State Business License: $200
- Business Taxes: 10% to 37% of taxable income
- Optional Fees: Up to $3,000+
The Entertainment Capital of the World is famous for its casinos, nightlife, and extravagance. That said, forming an LLC in Nevada could be a good idea.
The question is, how much would an LLC cost you in Nevada? Read on to see how much you'll need.
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Nevada LLC One-Time Filing Fees
In most states, you just have to file one business formation document. But in Nevada, you must file three:
| One-Time Fees | Cost |
|---|---|
| Articles of Organization | $75 |
| Initial List of Managers or Members | $150 |
| State Business License | $200 |
| Total | $425 |
Learn more about each fee below.
If your LLC is already established in a different state and you want to expand your business to Nevada, you must register it as a foreign LLC. The filing fee is $75.[1]
Nevada LLC Articles of Organization
Cost: $75[1]
To form a limited liability company in Nevada, you must submit the Articles of Organization to the Secretary of State.
A Nevada LLC's Articles of Organization contain the following information, among other details:[2]
- Business name (must end with LLC, Ltd., or similar abbreviation)
- Registered agent name and address
- Certificate of Acceptance of the registered agent
- Management type (manager or member-managed)
- Name and address of each manager/member
You can submit the Articles of Organization online, in person, or by mail. There's a 2.5% convenience fee for LLC documents filed online. Nevada accepts all major credit cards.[2]
A manager-managed LLC means only the designated manager is responsible for the daily operations. Alternatively, an LLC could be member-managed so all owners share equal responsibility in managing the business.
Nevada LLC Initial List
Cost: $150[1]
An initial list of managers or members must be attached to the Articles of Organization. It contains the name, address, and position of the LLC's managers or members.
Single-member LLCs don't need to list directors or secretaries on the Initial List of Managers or Members. List your name as the sole owner, then leave the rest of the positions (President, Secretary, Treasurer, and Director) blank.
A Nevada LLC's manager or managing member can resign at any time. Just file the Resignation of Manager or Managing Member form with the Secretary of State, along with the $75 fee.[1]
Nevada LLC State Business License
Cost: $200[3]
A state business license grants you the privilege to do business in Nevada. It must be filed with the Articles of Organization and the Initial List of Managers or Members.
All three documents must be paid in one transaction. You can file online, in person, or by mail.
Nevada LLC Annual Fees
Once you've formed a Nevada LLC, set aside a budget for annual expenses. At a minimum, these are:
| Annual Fees | Cost |
|---|---|
| Annual List of Managers or Members | $150 |
| Business Permits and Licenses | At least $200 |
| Business Taxes | 10% to 37% of taxable income |
| Registered Agent Services | Up to $400+ |
Each of these fees is discussed further below.
Nevada LLC Annual Report Fee
Cost: $150[1]
Nevada's annual report form is called the Annual List of Managers or Members. It contains the updated name, address, and position of the LLC's managers or members. Even if those details haven't been changed, you must still submit this form.
The Annual List is due on the last day of your LLC's anniversary month. So if your LLC was formed on July 2024, its first Annual List is due on July 2025. You can file it as early as 90 days before the due date.
You can file the Annual List by mail, but it's quicker to do online. Log in to your Nevada Silverflume account, then review the LLC's manager or member details. Update details that have changed in the past year.
The Secretary of State charges a $75 late fee for annual reports filed after the due date.[1] Your LLC may also be closed if you continue to ignore this requirement. If this happens, you'll have to pay an additional $300 to re-open the LLC.[1]
Nevada LLC Business Permits and License Fees
Cost: At least $200[3]
Your Nevada LLC's state business license must be renewed each year for $200. If you file online, you can download the new license immediately.
However, the state business license is only free to download within 60 days of filing. After that, you'll need to pay for copies.
Additionally, your LLC may need to get local business permits. If your LLC does business in two cities, you may need to get a separate license for each city.
The local business permit fees vary per city and could be renewable yearly. In Henderson, Nevada, most business parts are renewable semi-annually.
Nevada LLC Business Taxes
Cost: 10% to 37% of taxable income[4]
Nevada doesn't have state income taxes. However, LLC members must still pay federal income taxes:[4]
| Tax Rate | Taxable Income |
|---|---|
| 10% | $0 to $11,000 |
| 12% | $11,001 to $44,725 |
| 22% | $44,726 to $95,375 |
| 24% | $95,376 to $182,100 |
| 32% | $182,101 to $231,250 |
| 35% | $231,251 to $578,125 |
| 37% | $578,126 and up |
Additionally, self-employed LLC members must pay the 15.3% federal self-employment tax.[5] This tax covers Social Security and Medicare contributions.
The fees that you'll incur when forming an LLC can be claimed as tax deductions. You can write off the following expenses:
Nevada LLC Registered Agent Fee
Cost: Up to $400
A registered agent is responsible for receiving business and legal documents on behalf of your LLC. This includes government notices, tax forms, and annual reporting forms.
To save money, you can be the LLC's registered agent. However, you must be at least 18 and have a physical address in Nevada. PO boxes and virtual office addresses don't count.
You'll need to get a person's consent before appointing them as a registered agent. The consent form is attached to the Articles of Organization form.
Nevada LLC Other Optional Fees
While the Nevada LLC fees below are optional, some are unavoidable depending on your business needs. For example, obtaining a Certificate of Good Standing is often necessary when opening a business bank account.
| Wyoming LLC Optional Fees | Cost |
|---|---|
| Expedited Services | $25 to $1,000 |
| Operating Agreement | $0 to $500+ |
| Employer Identification Number | Free |
| Name Reservation | $25 |
| Trade Name Registration | Typically $25 per county |
| Certificate of Correction | $175 |
| Certificate of Amendment | $175 |
| Change of Registered Agent | $60 |
| Certified Document Copy | $30 + $2 per page |
| Certificate of Good Standing | $50 |
| Website Domain | $20 to $30 |
| Business Insurance Premiums | Varies |
Nevada LLC Expedited Services Fee
Cost: $25 to $1,000
Nevada offers expedited services to process your LLC application faster. These services are also available if you need a document processed quickly, like a Certificate of Correction or a Certificate of Amendment.
Fees vary depending on how quickly you want your forms reviewed:[1]
- 24 hours: $25 to $125
- 2 hours: $500
- 1 hour: $1,000
The Nevada Secretary of State typically takes 3 to 6 weeks to process the Articles of Organization filed by mail. You can pay for expedited services to process your LLC application quickly.
Nevada LLC Operating Agreement Fee
Cost: Up to $500+
LLCs in Nevada are not required to have an operating agreement. However, having one is recommended because it defines important rules and regulations that all members and managers must follow.
An LLC operating agreement contains the following:
- The roles and responsibilities of each member
- How new or departing members will be treated
- How business profits and losses will be divided
Ideally, you must already have a signed Operating Agreement before forming an LLC in Nevada. But if your LLC is already formed, you can always make one.
The costs associated with the operating agreement come in the drafting of the document. However, startup businesses can use free operating agreement templates online. Some registered agent services offer this as a part of their annual packages.
Employer Identification Number
Cost: Free
An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS). This number is used to identify a business entity for tax-related purposes.
You're not required to get an EIN if you're operating a single-member LLC in Nevada. However, you might still need it down the line if you want to hire employees or open a business bank account.
Yes. Separating your LLC's finances from personal assets is a requirement of liability shielding. Use a separate bank account to accept payments and pay business expenses to prevent corporate veil piercing.
Nevada LLC Name Reservation Fee
Cost: $25[1]
If you've already got a business name but you're not yet ready to form an LLC, you can reserve your desired name first. Paying the name reservation fee will prevent others from using that name for 90 days.[6]
Do an LLC name availability search on Silverflume before reserving a business name. Don't forget to review Nevada's detailed list of naming regulations to prevent your reservation from getting rejected.
Check online to see if your business name is available as a web domain. Even if you don't plan to make a business website today, you may want to buy the URL to prevent others from acquiring it.
Nevada LLC DBA Fee
Cost: Typically $25 per county
A trade name (also known as "Doing Business As" or DBA) allows your LLC to operate under a name different from its legal name registered with the state.
Some LLCs use a DBA for branding purposes. It's also ideal if you want to use a name without "LLC" at the end. Make sure the DBA you want is still available as the registration fee is non-refundable.
In Nevada, you must register a DBA in each county your LLC does business in. The DBA is typically renewable every five years.
A trade name registration allows a business to operate under a name different from its legal name. Meanwhile, a trademark is an intellectual property protection that legally protects your brand name, logo, or slogan at the national level.
Nevada LLC Certificate of Correction Fee
Cost: $175[1]
After your Nevada LLC application is approved, review all the details of the Articles of Organization carefully.
If there are errors, like a misspelled business name or incorrect address, correct them as soon as possible by filing a Certificate of Correction.
Nevada LLC Certificate of Amendment Fee
Cost: $175[1]
Your Nevada LLC's Articles of Organization contains specific details about your business. Should these details change, you must submit a Certificate of Amendment to the Secretary of State.
File a Certificate of Amendment if you:
- Add, remove, or change an LLC member or manager
- Update your LLC's business address
- Modify your LLC's stated business activities
A Certificate of Correction is for fixing mistakes in initial filings. Meanwhile, a Certificate of Amendment updates key details as the LLC evolves.
Nevada LLC Change of Registered Agent Fee
Cost: $60[1]
If your registered agent's details change, submit a Change of Registered Agent form to the Secretary of State. Changes include the registered agent's name and address.
There's a different form for registered agents who want to resign from the role. It costs $100 and must be filed by the resigning agent.[1]
Registered Agent Service - $125/year
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In Nevada, the certificate of amendment is used to change the business name, business purpose, and other details. The change of agent form is focused solely on changes regarding the registered agent.
Nevada LLC Certified Copy Fee
Cost: $30 + $2 per page[1]
Certified copies of documents verify that your LLC is legitimate and that its details are accurate.
You might need these for circumstances like opening a business bank account or expanding your LLC in another state.
Additionally, some LLCs keep certified copies of their initial Articles of Organization and Certificate of Amendment (if any) for recordkeeping purposes.
Nevada LLC Certificate of Good Standing Fee
Cost: $50[1]
A Certificate of Good Standing, also known as a Certificate of Existence, is an official document by the Nevada Secretary of State. It verifies that your LLC is updated with all state filings and has paid all its state fees and taxes.
You might need a Certificate of Good Standing to:
- Open a bank account
- Apply for business loans
- Qualify for business insurance
- Conduct business as a foreign LLC
Contact the Nevada Secretary of State to ask why your LLC is in bad standing. The most common reasons include:
- Failure to file the annual list of managers/members
- Failure to pay the annual business license fee
- Not having a registered agent in Nevada.
Business Website Domain Fee
Cost: $20 to $30
A website domain and social media presence provide dedicated online spaces for your business. It's essential for marketing, customer engagement, and brand visibility in today's digital world.
Even if you aren't planning to build a business website now, it's a good idea to at least buy the domain name. This prevents others from using your LLC's name as a web address.
Domain squatters often monitor newly registered LLC names. They purchase corresponding website domains and then resell them at significantly higher prices.
Business Insurance Premiums
Cost: Varies
Most businesses with one or more employees in Nevada must have workers' compensation insurance.[7] Nevada does not have a state fund for workers' compensation, so you must self-insure or get it from a private company.
You might also be required to get other types of insurance:
- General liability insurance
- Commercial property insurance
- Professional liability insurance
- Cyber liability insurance
Bottom Line
In summary, it costs at least $425 to form an LLC in Nevada. You must submit three documents, namely:
Annual expenses include the Annual List for $150 and the state business license for $200.
Set Up Your LLC - $0 + State Fees
- Free business plan included (no credit card required)
- Lifetime compliance alerts
- Comprehensive name check
- Lifetime customer support via email and phone
Business Formation Service - $39 + State Fees
- Form Your LLC, Corporation, or Nonprofit Today
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Economy Package at $149 + State Filing Fees
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- Other services are available with additional costs
The total cost will increase depending on the additional services, documents, and licenses your LLC needs. Ultimately, setting aside an extra budget for unexpected fees is never a bad idea.
References
- ^ Nevada Secretary of State. Limited-Liability Company Fee Schedule, Retrieved 06/17/2024
- ^ Nevada Secretary of State. Instructions for Formation - Limited-Liability Company, Retrieved 06/17/2024
- ^ Nevada Secretary of State. State Business License - FAQ, Retrieved 06/17/2024
- ^ IRS. Federal Income Tax Rates and Brackets, Retrieved 06/17/2024
- ^ IRS. Self-Employment Tax (Social Security and Medicare Taxes), Retrieved 06/17/2024
- ^ Nevada Secretary of State. Name - Reservation, Consent or Release, Retrieved 06/17/2024
- ^ State of Nevada. Workers' Compensation, Retrieved 06/17/2024
Nicole King is a research analyst at CreditDonkey, a business formation services comparison and reviews website. Write to Nicole King at nicole.king@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
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