How to Start an LLC in Nevada (Step-by-Step Guide)

If you’re considering forming a Nevada LLC, you’re making a smart choice for protecting your assets while enjoying flexibility in business operations.

To establish your LLC successfully in the Silver State, you must choose a unique business name, designate a registered agent, and file Articles of Organization, Initial List, and Business License.

But there’s more.

Filing the Articles of Organization, Initial List, and Business License for your LLC in Nevada costs about $425 and takes up to two weeks to approve.

This guide compiles all the information you need to start an LLC in Nevada today.

What Are the Steps to Start an LLC in Nevada?

To start an LLC in Nevada, you need to:

• Step 1. Choose and search for a unique name
• Step 2. Designate a registered agent in Nevada
• Step 3. File Articles of Organization, Initial list, and State Business License with the state
• Step 4. Create an Operating Agreement
• Step 5. Get an EIN from the IRS
• Step 6. File a BOI Report
• Step 7. File annual reports

Let us dive more in-depth into these steps so I can show you how to get them:

Step 1: Choose a Name for your Nevada LLC

Choosing a name for your LLC is an essential first step. Your name should reflect your business and be unique.

Here are the key points to remember:

• Required Words: Include “Limited-Liability Company,” “Limited Company,” or abbreviations like “LLC” or “Ltd.” The word “Company” can be shortened to “Co.”
• Avoid Confusion: Do not use words that may make your LLC sound like a government agency. Avoid names like “Treasury” or “IRS.”
• Distinctiveness: Your LLC name must differ from any other business registered in Nevada. Before you decide, check the availability through a Nevada LLC lookup.

Before you settle on a name, you should run a Nevada LLC lookup to see if your name is already in use or reserved by another entity.

If you find a name you like but aren’t ready to form your LLC yet, consider filing a Name Reservation Certificate for $25. This briefly holds your chosen name, keeping it safe until you file.

If you want to run your LLC under a different name, you must file a DBA (Doing Business As). Also, if your name is unique, consider trademarking it. Generic names are hard to protect, so focus on something original or a new word.

Choosing the right name is crucial for starting your LLC. Keep these guidelines in mind as you decide.

Step 2: Select a Registered Agent in Nevada

Choosing a registered agent is an essential step in forming your LLC. A registered agent is your business’s primary contact for legal documents and official notices.

Who Can Be a Registered Agent?

You have a few options for who can be your Registered Agent in Nevada:

• You: You can act as your registered agent, but remember you must be available during business hours to receive documents.
• A Family Member: A trusted family member can be your registered agent.
• An LLC Formation Service: Professional services offer expertise in handling official correspondence and ensuring compliance with state regulations.
• A Lawyer: A legal service firm can also serve as your registered agent, providing additional legal support if needed.

Requirements for Nevada Registered Agents

Nevada law requires registered agents to have a physical street address, not just a P.O. Box. The address must be where the agent can consistently receive legal documents and official mail during regular business hours.

Additionally, the registered agent must be at least 18 years old and available to accept service of process. This means they must be present to handle any legal notices or court documents delivered to the LLC.

What registered agents do I recommend for Nevada?

I highly recommend Northwest registered agent services for obvious reasons.

They offer a range of benefits that set them apart, including a free year of registered agent service, which helps you save (about $300) on initial costs.

You’ll receive a complimentary operating agreement essential for outlining your LLC’s internal structure. My favorite part? Northwest also allows you to use their office address for your LLC filing, keeping your address off public records and enhancing your privacy.

Their free email forwarding service ensures you stay on top of important correspondence, and their exceptional customer support is always available to assist you whenever needed.

Step 3: File Nevada LLC Articles of Organization, Initial List, and State Business License

To start an LLC in most states, you must file the Articles of Organization with the Secretary of State.

However, you must file three documents in Nevada to form an LLC. You must submit the Articles of Organization, the Initial List, and a State Business License Application.

The Articles of Organization officially create your LLC in Nevada; the other two forms are additional (and mandatory) requirements for Nevada LLCs.

Articles of Organization

This document provides critical details for your LLC. You must include:

• Name of the LLC
• Registered Agent’s Name and Address
• Management Type (manager-managed or member-managed)
• Names and Addresses of Managers or Members
• Signature of the Filing Manager or Member

Initial List of Managers or Managing Members and State Business License

The Initial List asks for the names and addresses of your LLC members. Complete the sections for each member’s position in the company. This form also serves as the application for your business license in Nevada.

How to File?

Step #1. Complete the Form: Obtain and complete the Articles of Organization form and the Initial list & Business License from the Nevada Secretary of State website.

Step #2: File Online or by Mail: You can file your documents online through the SilverFlume Online Business Portal or by mailing the completed form to:

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

Step #3: Pay the Filing Fee: You will pay a total of $425 in filing fees, broken down as follows:

• Articles of Organization: $75
• Initial List: $150
• State Business License: $200

Applications are usually approved within 10-14 business days. If you need it faster and are willing to pay extra, you can get expedited service: 24-hour processing for $125, 2-hour processing for $500, or 1-hour processing for $1,000.

Keeping your documents well-organized will help ensure a smooth filing process and set the foundation for your new LLC.

Step 4: Prepare Operating Agreement for Your Nevada LLC

Creating an operating agreement is essential for your Nevada LLC, especially if you have multiple members. While it’s not legally required, having one can save you from future disputes.

An operating agreement acts like a contract among the members. It outlines how your business will run and clarifies critical issues. This document is vital for setting clear expectations.

Here are some important topics to include:

• Ownership Percentages: Define how much of the business each member owns.
• Duties and Responsibilities: Specify what each member is responsible for.
• Profit and Loss Distribution: Decide how profits and losses will be shared among members.
• Tax Elections: Determine if your LLC will be taxed separately or through individual members’ tax returns.
• Liability Protections: Include terms on indemnification to protect members from certain liabilities.
• Voting Rights: Define how decisions will be made. Will all members have equal votes?
• Meeting Procedures: Outline how often meetings will occur and how members will be notified.
• Amendment Process: Describe how changes can be made to the agreement in the future.

Since this agreement is legally binding, you should consult a small business lawyer. Doing so ensures that all members’ interests are well-protected and clearly defined.

Having a solid operating agreement helps maintain harmony among members. It can prevent misunderstandings and legal battles later on, which is crucial for the success of your Nevada LLC.

Step 5: Obtain EIN for Your LLC

An Employer Identification Number (EIN) is a unique number the IRS assigns. This number is essential for your Nevada LLC.

You will need an EIN to open a business banking account, take out a business line of credit, apply for permits, and make contracts with wholesale vendors.

How to Apply for an EIN:

• Online: Visit the IRS website. This is the fastest way to get your EIN.
• By Mail: Fill out Form SS-4 and send it to the IRS. This option takes longer.
• By Fax: You can also fax the completed Form SS-4.
• Phone: U.S. residents can call the IRS at 1-800-829-4933 to apply.

How Much Does It Cost To Get EIN?

Obtaining an EIN is free. However, some services charge $100 or more to help you with the entire process.

How Does it Take to Obtain my EIN?

• Online: Get it immediately.
• By Mail: Expect 4 to 6 weeks.
• By Fax: Usually within four business days.

Step 6: File a BOI Report

After setting up your LLC in Nevada, you must file a Beneficial Ownership Information (BOI) report. This is a federal requirement for new LLCs.

You must submit this report to FinCEN within 90 days of forming your LLC. Filing is free and can be done online at the FinCEN website.

Here’s what you need to prepare:

• Company Information: Name, address, and formation date.
• Beneficial Owners: Full names, addresses, dates of birth, and identification numbers.

Gather this information along with your LLC formation documents. This will help streamline the filing process.

Completing the BOI report is essential for maintaining compliance with federal regulations. It ensures transparency about who owns and controls your LLC. Take the time to do this correctly to avoid any potential penalties.

Step 7: File an Annual List & State Business License Renewal

Every Nevada LLC is required to file an Annual List and renew its State Business License each year. This process helps keep your business in good standing with the state.

The Annual List, officially called the “Annual List of Managers or Managing Members,” and the State Business License renewal are combined into a single filing and submitted to the Nevada Secretary of State.

The fees are $150 for the Annual List and $200 for the Business License renewal, totaling $350 annually.

These filings are due by the last day of your LLC’s anniversary month when your LLC was approved. You can find your filing date on your approved Articles of Organization or using the Nevada Business Search tool.

For instance, if your LLC was approved on August 29th, 2024, your first renewal is due by August 29th, 2025, and annually on August 29th after that. You can submit your filings as early as 90 days before the due date.

Missing the deadline incurs a $175 late fee, and your LLC will enter “Default” status, potentially leading to “Revoked” status if not addressed. Reinstating a revoked LLC requires paying all outstanding fees and penalties.

After five years in “Revoked” status, the LLC becomes “Permanently Revoked.”

You can file these documents either by mail or online. Mail filings take 3-5 business days, while online filings are processed instantly.

To file online, log in to your SilverFlume account, select “Renew Your Business,” and follow the prompts to file the Annual List and State Business License.

The Nevada Secretary of State sends a courtesy reminder to your Registered Agent about three months before the due date. If you’ve set up a SilverFlume account, you’ll also receive email reminders.

However, you are responsible for ensuring these filings are completed on time. Setting reminders on your phone or computer can help you stay on track.

For mailing, download the forms and send them with a $350 payment to:

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

What are the Different Methods To Start a Nevada LLC?

Starting an LLC in Nevada offers several options. Each method has benefits and drawbacks, so it’s important to choose the one that best suits your needs.

DIY LLC Formation in Nevada

Starting your LLC yourself is a practical approach if you want to save money and are comfortable handling paperwork. You will need to follow the steps required by the state.

All by yourself, no third party!

Pros:

• Cost-Effective: You save money by not hiring anyone.
• Control: You have complete oversight of each step.
• Learning Opportunity: You gain knowledge about the process.

Cons:

• Time-Consuming: It may take longer if you are unfamiliar with the process.
• Complexity: You must ensure all forms are correctly filled out.
• Privacy issue: If you serve as your registered agent, you risk having your address out there.
• Lack of Guidance: You might miss the necessary steps.

Using a Professional/Online LLC Formation Services

Many online services can help you form your LLC. These platforms guide you through the entire process, handling most paperwork.

Pros:

• Convenient: They manage the filing, saving you time.
• User-Friendly: Most platforms have easy-to-understand instructions.
• Support Available: Many offer customer service for questions.
• Privacy benefits: Most services allow you to use their address for free, so your address doesn’t get compromised

Cons:

• Costs: You’ll pay a service fee.
• Variable Quality: Some services may not be as reliable as others.

Hiring an Attorney

Working with an attorney is another option for forming your LLC. This method ensures you have professional legal guidance throughout the process.

Pros:

• Expertise: An attorney knows the legal requirements and can avoid pitfalls.
• Customization: Your LLC can be tailored to your specific business needs.
• Support with Complex Situations: Ideal for businesses with unique circumstances.

Cons:

• Higher Costs: Legal fees can be expensive.
• Dependence on Others: You may rely heavily on the attorney’s schedule.
• Potential Delays: The process may take longer due to attorney workloads.

What is The Cheapest Alternative Way to Form an LLC in Nevada?

If you’re looking to start an LLC in Nevada on a budget, the most affordable option is to do it online. By filing the Articles of Organization, Initial list, and State Business License directly with the Nevada Secretary of State, you can keep costs between $425 and $500, depending on your needs.

This DIY approach helps you avoid the extra fees of hiring a service or lawyer, saving you money for other business expenses.

However, while DIY is cost-effective, it requires some effort. You’ll need to understand all the forms and regulations, and missing a detail could delay your application or create problems later.

Consider using a registered agent if you prefer not to handle everything yourself.

They can make the process smoother by ensuring you receive important documents and helping you stay compliant with state requirements. Although this adds a bit to the cost, it can provide valuable support and peace of mind.

Who Provides the Best LLC Services in Nevada?

There are a myriad of Nevada LLC services from which to choose. Choosing the wrong one can affect your Nevada LLC formation timeline—I know this from my experience using a few and researching a dozen over the years.

Here are some top-rated options you should consider:

Best Nevada LLC Service	Google Rating	LLC Formation Cost	Registered Agent Fee
Northwest Registered Agent	4.7/5	$39	Free for 1 year
Doola	4.6/5	$0 (plus state fees)	$297/year
Tailor Brands	4.4/5	$0 (plus state fees)	$199/year
ZenBusiness	N/A	$0 (plus state fees)	$199/year

Besides, the fact that other services bill you for their registered agent in the first year, and Northwest offers it for free, is a HUGE plus for me.

Northwest Registered Agent stands out in Nevada LLC formation due to its commitment to transparency, customer service, and privacy. Using their address helps protect your personal information, making them a reliable choice.

How Much Does It Cost To Form an LLC in Nevada?

Forming an LLC in Nevada costs around $425, which covers the Nevada LLC formation fees. However, there are other fees you need to be aware of.

Here’s a breakdown of the entire Nevada LLC costs:

Requirement	Cost
Articles of Organization	$75
State Business License	$200
Initial List of Managers or Members	$150
Name Reservation (Optional)	$25
LLC formation service (optional)	$39 (via Northwest)
Registered Agent Fee (optional)	$0 (via Northwest)
Annual List & State Business License Renewal	$300
Total Estimated Cost	$725 – $800

When forming a new company in NV, budgeting about $725-$800 for the first year is ideal. Then, if you want to go further, you can get other bells and whistles like a virtual mailbox, custom website, trademark services, premium EIN services, etc.

The most significant (and essential) expense for every Nevada business owner is filing the Articles of Organization, Initial List, and State Business License, which costs $425.

These costs can change, and additional fees may arise based on specific circumstances. Budgeting for these expenses will help you start your LLC on the right foot.

Pros and Cons of Forming an LLC in Nevada

6 Important Things To Do After Forming Your Nevada LLC

After you form your Nevada LLC, several vital tasks remain to keep your business running smoothly and legally. These steps will help you lay a solid foundation for success and compliance.

1. Research the Best Licenses and Permits for Your Business

Your LLC may need specific licenses and permits depending on your business type. Researching what is required in Nevada is essential.

Check with state agencies and local governments to identify necessary permits. Common areas often requiring licenses include health permits, construction permits, and professional licenses.

For guidance, visit the Nevada Secretary of State’s website or your local government site. Failure to obtain these permits can result in fines or other legal issues.

2. Create Business Accounts for Your LLC

Opening a separate bank account for your LLC is essential for keeping your business finances organized and distinct from your funds. This separation simplifies your accounting and helps safeguard your assets by clearly distinguishing between personal and business transactions.

When choosing a bank, look for one that offers business-friendly services, such as waived fees, free online banking, and other features that can benefit your business. To open the account, be prepared to provide your EIN and a copy of your Articles of Organization.

A dedicated business account streamlines your financial management and simplifies tax preparation.

Having all your business transactions in one place lets you easily track your income and expenses, ensuring everything is well-organized and accessible when tax season rolls around.

3. Understanding Nevada Tax Requirements and Managing Your Taxes

Be aware of your tax obligations in Nevada. Nevada does not have a state income tax, which can provide some tax advantages for your business.

Depending on your business activities, you may still need to pay federal income tax, sales tax, or excise tax. Consult tax professionals regularly to ensure compliance and take advantage of any available deductions.

Also, if your LLC makes over $4 million annually, you must file a Commerce Tax Return.

Keep records of all your income and expenses. This practice will make tax filing easier and help you better understand your financial health.

4. File Your Annual List and Business License Renewal

Every Nevada LLC is required to file an Annual List and renew its State Business License each year. This process helps keep your business in good standing with the state.

The Annual List, officially called the “Annual List of Managers or Managing Members,” and the State Business License renewal are combined into a single filing and submitted to the Nevada Secretary of State.

The fees are $150 for the Annual List and $200 for the Business License renewal, totaling $350 annually.

These filings are due by the last day of your LLC’s anniversary month when your LLC was approved.

Filing on time helps avoid late fees and ensures you remain in good standing with the state.

5. Get Business Insurance for Your LLC

Just as you wouldn’t leave your home without coverage, your LLC also needs the right business insurance to guard against potential risks and liabilities. Insurance protects your company’s assets and ensures financial stability in case of unforeseen issues or legal claims.

Your insurance needs will vary based on your business operations.

For example, general liability insurance covers risks such as slip-and-fall accidents or property damage if your LLC operates from a physical storefront.

Conversely, if you run your business as a consultant and work remotely, you might only need professional liability insurance to cover potential service errors or omissions. Assessing your business needs helps you choose the appropriate coverage to protect your LLC.

6. Setup Your Business Online Presence (optional)

Establishing an online presence is increasingly vital for businesses today. Create a professional website that reflects your brand and services.

Consider using social media platforms relevant to your target audience. This allows you to engage with customers and promote your business.

Investing in search engine optimization (SEO) can help your website rank higher in search results, driving more traffic to your site. A solid online presence can enhance your credibility and attract more clients.

Nevada LLC vs. S Corp vs. Partnerships vs. Sole Proprietorship vs. Corporations

Starting a business in Montana gives you several options. Each structure has its pros and cons. Choose one that fits your business vision and goals.

Here’s a breakdown:

Sole Proprietorship

A Nevada sole proprietorship is the most straightforward way to start a business. Imagine you’re running a lemonade stand on your own. You make all the decisions and keep all the profits.

However, there’s no legal separation between you and your business. If your lemonade stand faces financial trouble or legal issues, your assets, like your car or home, could be at risk.

It’s easy to set up and manage, but it does leave you personally responsible for any business debts.

Partnership

A Nevada partnership involves teaming up with one or more people to run a business together.

Think of it as joining forces with a friend to open a café. You share the profits and responsibilities, and you both make business decisions.

However, like a sole proprietorship, each partner is personally liable for any business debts or legal issues. If the business encounters financial trouble, your assets could be at risk, too.

Partnerships are relatively easy to set up but require clear agreements between partners to avoid conflicts.

LLC (Limited Liability Company)

An LLC offers a blend of flexibility and protection.

Picture it as a protective umbrella over your lemonade stand. This structure separates your assets from your business, so if your LLC faces legal issues or debts, your personal belongings are generally safe.

LLCs are more formal than sole proprietorships or partnerships but offer management and tax treatment flexibility. They are ideal for small—to medium-sized businesses that want liability protection without the complexity of a corporation.

S-Corporation

An S Corporation is a more structured business form.

Think of it as a business where owners are shareholders, much like a small-scale company with multiple investors. It protects liability and allows profits to pass through to your tax return, avoiding double taxation.

This means you report the income and losses on your tax return, which can be beneficial for tax purposes. However, S Corps have stricter operational requirements and formalities compared to LLCs.

Corporation

A Nevada corporation is the most complex structure, suitable for larger businesses aiming for significant growth. Imagine a big company with many shareholders. A corporation offers robust liability protection and is a separate legal entity from its owners, meaning your assets are protected.

Corporations can raise capital more efficiently by issuing stock and can offer employee benefits.

However, they come with extensive regulatory requirements, formalities, and paperwork, making them more suitable for businesses with significant resources and expansion plans.

My Final Thoughts: Forming an LLC in Nevada

Starting an LLC in Nevada is an exciting step toward bringing your business idea to life. Although it might seem like many steps initially, breaking them down makes the process more manageable and ensures you cover all the essential bases.

To start an LLC in Nevada, you need to follow these steps:

• Choose a unique name for your LLC.
• Appoint a registered agent in Nevada.
• File the Articles of Organization, Initial List, and State Business License with the Secretary of State.
• Create an operating agreement if needed.
• Obtain EIN from the IRS
• File a BOI Report
• File Annual List and State Business License Renewal

The costs involved include a $75 filing fee for the Articles of Organization, $150 for the Initial List, and $200 for the State Business License.

There’s also an annual fee of $350 for maintaining your LLC.

Forming an LLC in Nevada can provide liability protection and management flexibility. The state also has a business-friendly environment and tax advantages.

Before proceeding, make sure you understand each step and the associated costs. Your journey to establishing your LLC can lead to new opportunities and growth for your business.

Learn More About Starting an LLC in Nevada

If you need additional help to start an LLC in Nevada, check out these valuable resources:

Frequently Asked Questions

Can I change my registered agent in Nevada?

Yes, you can change your registered agent in Nevada. You must file the appropriate forms with the Secretary of State to update your registered agent’s information.

How do I change my Nevada LLC’s name?

To change your LLC’s name, file an amendment with the Nevada Secretary of State. There will be a small filing fee for this process.

How do I renew my Nevada LLC?

You must file the Nevada Annual List to renew your LLC and pay the associated fee. To avoid penalties, ensure you complete this within the designated timeframe.

How do I dissolve an LLC in Nevada?

To dissolve your LLC, file the Articles of Dissolution with the Nevada Secretary of State. Clear any outstanding obligations before you proceed.

How do I add a member to a Nevada LLC?

To add a member, you must amend your operating agreement and, if necessary, submit an updated list of members to the Secretary of State.

How do I add a DBA to an LLC in Nevada?

To add a “Doing Business As” (DBA) name, file a fictitious firm name registration with the county where your LLC operates. There may be a small fee.

Can a minor own an LLC in Nevada?

Yes, a minor can own an LLC in Nevada. However, they will need an adult to represent or be a manager.

What is the Cost of the Nevada Annual List and State Business License Renewal?

The Nevada Annual List costs $150, and the State Business License renewal fee is $200. Make sure to budget for these expenses.

Does LLC expire in Nevada?

LLCs do not automatically expire in Nevada. You must keep filing your annual lists and renew your state business license to remain in good standing.

Can a non-resident open an LLC in Nevada?

Yes, non-residents can open an LLC in Nevada. There are no residency requirements for forming an LLC in the state.

Can I buy a house or car with my LLC in Nevada?

Yes, your LLC can buy a house or car. However, it is essential to ensure that any purchase is in the business’s best interest and complies with legal requirements.

Can you have multiple businesses under one LLC in Nevada?

Yes, you can operate multiple businesses under one LLC in Nevada. This is often done with DBAs to keep each venture distinct while minimizing costs.

Is Nevada an excellent state in which to form an LLC? Is it worth it?

Nevada favors LLC formation due to its business-friendly laws and lack of state income tax. It can be worth considering for many entrepreneurs.

Can one person form an LLC in Nevada?

Yes, one person can form an LLC in Nevada. This is known as a single-member LLC, which provides liability protection while allowing for solo operations.