Legal

How to form an LLC in Nevada

Update: January 2, 2023

By: Tom Macken

Start an LLC in Nevada how-to

Las Vegas. Casinos. Nightlife and the Hoover Dam. Nevada is known for many things including the stunning Spring Mountains National Recreation Area. 

You’re ready to register an LLC in Nevada. Next steps? The price? Below are the stages, costs, and paperwork needed for Nevada enterprises.


Summary


1. Name Your Nevada LLC
2. Select a Nevada Registered Agent
3. File the Articles of Organization
4. Receive a Certificate From the State
5. Create an Operating Agreement
6. Obtain an Employer Identification Number (EIN)
7. File Annual Renewals
Costs and Next Steps
FAQs

In addition to its many other perks, a limited liability corporation (LLC) provides entrepreneurial activities with protection from legal responsibility and favorable tax treatment. 

Follow these easy steps to get your Nevada limited liability company up and going after you’ve decided that an LLC is the most suitable corporate entity for your requirements.

Note that you have the option of forming the limited liability company (LLC) yourself, or you may select a reputable company formation agency to do all of the legwork on your behalf.

1. Naming of Your Nevada LLC

When choosing a name for a limited liability company (LLC) in the jurisdiction of Nevada, there are two primary rules that must be followed:

  • The name of a limited liability company (LLC) must be able to be differentiated from the names of other firms already registered with the Nevada Secretary of State.
  • One of the following terms or abbreviations must be used in the name of a limited liability company (LLC): “Limited Liability Company,” “Limited Company,” “Limited,” “Ltd.,” “Limited Liability Company,” “LLC,” or “LC.” It is OK to use the abbreviation “Co.” in place of the full word “Company.”

Check to see whether the name is already in use

When you have settled on a name for your limited liability company that is in accordance with the regulations of the state of Nevada, utilize the Nevada Business Search to see whether or not it is eligible for use in the state.

Reserving your Nevada LLC name

If you want to prevent another company from using the name of your limited liability company (LLC) before you submit the articles of organization with the Nevada Secretary of State, you may reserve the name for up to ninety days.

You may submit a Name Reservation Request application either online using Silverflume, which is the company filing platform for the Nevada Secretary of State, or by postal mail. The charge to submit paperwork is $25.

2. Choose a registered agent in the state of Nevada

A registered agent in Nevada is required of every limited liability company operating in the state. If the limited liability company (LLC) is taken to court, this refers to a person or company that has agreed to accept service of process on its behalf.

It’s up to you if the Registered Agent is a local Nevada person or a legitimate company with permission to operate in the state. The Registered Agent is required to provide evidence of a Nevada street address where they may be reached.

What exactly is the role of a Registered Agent?

A Registered Agent receives tax forms, legal paperwork, lawsuit notices, and government contact on behalf of your firm. Consider the role of the registered agent as that of the point of contact for your company with the state.

Who is eligible to serve as a Registered Agent?

A Registered Agent must either be an individual who resides in Nevada on a permanent basis or a corporation that is permitted to carry out business within the state of Nevada, such as a company that offers Registered Agent services. You have the option of selecting anybody who works for the organization, including yourself.

3. Publish your company’s articles of incorporation.

Your limited liability company (LLC) will be formally recognized after you have a document called the Articles of Organization that lays forth fundamental information about your business. Because this form serves as the legal registration for your company with the state, it is essential that all of the details be accurate.

What should be included in a company’s Articles of Organization?

When completing the Articles of Organization for your Nevada LLC, you are required to give the following information:

  • LLC’s name
  • If the term of the LLC is permanent or restricted.
  • Address of the main office of the limited liability company Name and mailing address of the registered agent for the limited liability company
  • Location where the Secretary of State should send notifications to the limited liability company (LLC) through mail.
  • How the Limited Liability Company (LLC) will be run: by its members or by its managers
  • Whether or whether the limited liability company will offer professional services
  • Name and address of each person who organized the limited liability company, as well as the name and address of at least one member or management who has direct knowledge of the activities of the limited liability company.

Submission of Your Organization’s Articles of Incorporation

In order to register a business in Nevada, you will need to provide the Secretary of State with the following documents:

  • Articles of Organization 
  • Initial Manager List and Application for State Business License 
  • Certificate of Acceptance of Appointment by Registered Agent 

The Articles of Organization are the most important of the three documents since they are the ones that make your company legitimate and recognized in the state. You have the option of submitting these papers in person, through fax, email, regular mail, or even online.

You are required to use SilverFlume, which is an online site managed by the Secretary of State, in order to submit the Articles of Organization online if you make the decision to do so.

If you prefer to submit the document by mail, the following are some further options for you to consider:

Sec of State, Commercial Recordings Division, 202 N. Carson St, Carson City, NV 89701-4201

4. Obtain a Certificate From the Government of Your State

After the formation paperwork of the LLC has been submitted and authorized, the state will send you a certificate that proves the LLC’s official existence in response to a written request for a copy together with the appropriate amount of postage.

With this certificate, the limited liability company will be able to get an Employer Identification Number (EIN), as well as business permits and a bank account for the firm.

5. Draw up a business operations agreement

Although establishing a detailed LLC operating agreement is not a legally required step for incorporating a limited liability company in the state of Nevada, it is highly suggested for all new limited liability firms.

The following items should be included in the operating agreement:

  • Describe the business structure of the limited liability company.
  • Determine the specific duties and commitments that each member of the limited liability company (LLC) has, and lay out the operational structure of the LLC.

Significant legal and logistical challenges might await a limited liability company (LLC) in the absence of an operating agreement that defines the precise responsibilities of its members.

6. Obtain a number that identifies you as an employer (EIN)

A federal employer ID number, commonly known as a tax ID number, will be required of many limited liability companies (LLCs). An Employer Identification Number (EIN) is a nine-digit number that identifies your company to the Internal Revenue Service. 

You need an EIN in order to pay federal employer taxes, open a bank account (in most situations), or recruit staff.

On the website of the Internal Revenue Service (IRS), which is accessible without charge, you may check to see whether you need an EIN and submit an application for one online. Single-member limited liability companies, which are an exemption to the rule that most firms are required to acquire an EIN, may instead use the owner’s Social Security number.

Business Licenses

Depending on the sort of business they conduct and the location of their operations in Nevada, some limited liability companies (LLCs) that are in operation may be needed to get one or more business permits or permits from the state or from their respective municipal governments.

Consult the Nevada Start a Company Guide, which is made available by the Secretary of State, for information on how to satisfy the prerequisites for obtaining a state license to operate a business in the state. The Nevada Licensing Directory allows for the search and retrieval of specific license information.

Contact a municipal or county clerk in the city or county where your limited liability company (LLC) is based to get information on the local licensing requirements.

7. Filing of your Annual Company Renewals

Annually, Nevada limited liability companies are required to submit to the Secretary of State an Annual List and State Business License Application, which is commonly referred to as an annual report. This application may be submitted online.

The “Annual List and State Business License Application” is really just a single form, despite the fact that its name suggests otherwise. This report provides the state with the most recent information on the ownership of your company as well as contact information, and it also renews your business license. The whole price comes to $350.

What are the costs and the next step?

Costs

The filing fees for forming a limited liability company are $75. There is a cost of $125 to expedite the order in 24 hours. In addition, the cost of the yearly list (which is $150) and the cost of the company license (which is $200) are included in the establishment fees.

  • Consider the following additional fees that may be incurred by an LLC:
  • Reserving a Name for an LLC
  • Copy of certified documents with the DBA (Doing Business As) name
  • Your company‚Äôs Certificate of Existence

Next Steps

When you register a limited liability company (LLC), you establish a legal basis upon which to operate your firm. Companies should make it a priority to maintain their limited liability company in compliance with state regulations and in an active position on the state’s website.

In addition, having a registered limited liability company enables you to perform the following:

  • Obtain any permissions or licenses required to run your company, such as those issued by the health department, the zoning department, the department of home occupations, the department of professional licensing, and others. Some states need a seller’s permission to conduct sales
  • Register your company with the department of revenue in your state.
  • Create a bank account for your company, such as a Bluevine or a Novo.
  • Create a credit card account for your company.
  • Invest in insurance coverage for your company.
  • Create a trademark to protect both your company’s name and its logo.

LLC creation myself or via a professional service?

To establish a limited liability company (LLC), you are not required by law to consult a lawyer. The majority of states enable the establishment of LLCs via the process of registering the business entity on the website of the secretary of state and with the Internal Revenue Service (IRS).

If you are not acquainted with the process of forming an LLC, your best bet may be to employ a professional LLC provider so that you can be certain that the creation will go smoothly and quickly.

When entrepreneurs start a new firm, they may save startup costs and save valuable time by using a professional agency that specializes in company forms. They can take care of the things that you may not have time to think about for a price ranging from $50 to over $500, and some examples of such things are as follows:

  • Developing an operating agreement for an LLC that details your company’s key information and putting it into writing (required in some states).
  • putting together articles of incorporation that identify the management of the LLC, the registration agent, and the date the company was formed.
  • Taking up the role of registered agent for your firm.
  • Keeping careful records in the event that there are investigations or litigation.
  • Payment of filing fees and registration with the appropriate parties.
  • Registering the name of your firm and ensuring that the name you choose for your limited liability company is accessible.
  • Finishing up and turning in all of the necessary legal and formation documentation.

FAQs

What does it cost to set up an LLC in Nevada?

Formation filings for a limited liability company in Nevada cost $75, while expedited filings cost $125. Other expenditures include a company license, which is $200, and an annual list fee, which is $150.

How long does it take to establish a limited liability company in the state of Nevada?

In Nevada, forming a limited liability company (LLC) may be done in as little as one day if the paperwork is completed online, but it can take as long as five to six weeks if the forms are sent in.

What documentation do I need to start a limited liability company in Nevada?

In order to establish a limited liability company (LLC) in the state of Nevada, you will need the following items: money to pay the registration fee, a name for your LLC, a Registered Agent, Articles of Organization, an Operating Agreement, and an EIN number from the Internal Revenue Service.


Editorial Manager

Tom is the founder of Gottagrow.io. He reads the offers, deciphers the details including features, pricing, included services and more to find you the best products and services.

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