Nevada LLC Cost

Documents you need

• Articles of Organization (NRS Chapter 86) — Creates the LLC; filing fee $75 (NRS 86.561(1)(a)).
• Initial List of Managers or Managing Members — Must be filed at the time of filing the articles of organization (NRS 86.263(1)); fee $150 (NRS 86.263(4)(a)). The list must be accompanied by a declaration of compliance with NRS Chapter 76 (state business license).
• State Business License application — Required before conducting business in Nevada; for a Title 7 entity it is obtained at the time of filing the initial list (NRS 76.100(1)(a)); fee $200.
• Registered agent required — NRS 86.231 is titled 'Registered agent required; address of registered office'; NRS 86.261 provides for service of process on the registered agent. The articles/list filings are made through the Secretary of State.
• Operating agreement (kept, not filed with the Secretary of State) — NRS 86.241 requires each LLC to keep at its principal office in Nevada or with its custodian of records, among other records, copies of any then-effective operating agreement of the company (NRS 86.241(1)(c)). No filing of the operating agreement with the Secretary of State is provided for in the provisions read.

How forming works in Nevada

1. Line up the agent: Registered agent required — NRS 86.231 is titled 'Registered agent required; address of registered office'; NRS 86.261 provides for service of process on the registered agent. The articles/list filings are made through the Secretary of State.
2. File the Articles of Organization with the Nevada Secretary of State — the filing fee is $75 at the cheapest channel (file online at the official portal linked below).
3. Handle the filings due straight after formation: Initial List of Managers or Managing Members; State Business License (initial).

Annual report & ongoing costs

Nevada requires a annual report — fee $150.

Annual List of managers or managing members is due on or before the last day of the month in which the anniversary date of the LLC's organization occurs, each year (NRS 86.263(2)). A $75 penalty is added for default (NRS 86.272(3)). The $200 State Business License renewal is due at the same time (see other_mandatory_costs), making the recurring total $350/year.

Nevada's annual report equivalent is the Annual List of Managers or Managing Members under NRS 86.263; fee $150 for each annual list (NRS 86.263(4)(b)).

Other state charges

NRS 76.130(1): renewal fee is $200, submitted at the time the entity submits its annual list; a $100 penalty applies to a late renewal (NRS 76.130(4)). Combined with the $150 Annual List, the recurring annual total is $350.

After you form

1. Get the free EIN from the IRS, then open a business bank account so company and personal money stay separate.
2. Stay compliant: the annual report costs $150 — diary the due date before you form.

• Employer Identification Number (EIN) — free from the IRS; a federal step that is the same in every state.

Compare Nevada with the rest of the country

Nevada's first-year minimum of $425 sits in the full ranking of all 51 jurisdictions — the cheapest first year is Montana at $35 and the most expensive is California at $870.