How to Form an LLC in Nevada

Want to start a company in Nevada? If  yes, here some of the most critical steps you must follow if you want to register Nevada LLC.

  1. Choose a Name for Your LLC

As per Nevada law, an LLC must comprise the following terms:”Limited Liability Company”, “Limited-Liability Company”, “Limited Company”, “Limited”, or any of these abbreviation variations: “L.L.C”, “Ltd”, “LLC” OR “LC”. The abbreviation for the term company may be “Co”.

Your LLC’s name must be different from names of other businesses inscribed in the files of the Nevada Secretary of State. Afterward, the files will be verified for availability on the Nevada Secretary of State business name database.

By filling a Name Reservation Request form with the Nevada Secretary of State, you may reserve a name for 90 days. The application can be filled in a variety of ways including mail, online using Silver flume or mail. The filing rate is $25.

  1. File Articles of Organization

In order to register Nevada LLC, one is supposed to file Articles of Organization Limited-Liability Company with the Nevada Secretary of State. The articles must comprise: the LLC’s address and name,; the name, address and signature of the LLC’s registered agent; the LLC’S dissolution date(if any);whether it is run by members or managers, names, and addresses of each manager or managing member and the name, signature and address of each organizer. Alternatively, the articles may be filed online using the Secretary of State’s web-based business filing portal, Silver flume or by postal mail. The filing rates are $75.

  1. Appoint a Registered Agent

As required, every Nevada LLC must have an agent for service of process in the state-a business entity or individual that agrees to take legal papers on behalf of the LLC in case it is sued. The registered agent must be authorized to conduct business in Nevada. Also, the registered agent must have a physical street address in Nevada. A list of registered agents is found at the Nevada Secretary of State website.

  1. Prepare an Operating Agreement

While an LLC operating agreement is not necessary, it is highly recommended. To find support in creating an LLC operating agreement, reach out for Form Your Own Limited Liability Company, by Anthony Mancuso (Nolo) or utlizeNolo’s Online LLC. An operating agreement does not require to be filled with the Articles of Organization.

  1. Publication Requirements
  2. Comply With Other Tax and Regulatory Requirements

Additional regulatory and tax requirements may apply to your LLC. They include:

EIN: Supposing your LLC has contained more than one member, it must obtain its unique IRS Employer Identification Number (EIN), even if it lacks employees. If you create a one-member LLC, you must reach for a unique EIN if it will have employees or you propose to have it taxed as a corporation as opposed to a sole proprietorship (sidelined entity).To obtain an EIN, you should successfully complete an online EIN application on the IRS website. No filing fee is required.

Business Licenses: As a rule of thumb, all individuals conducting business in Nevada must obtain a state business license from the Nevada Secretary of State. The license must be renewed annually. The renewal fee and license amount to $200.To obtain a license, one must file the Nevada State Business License “Other” Application. Alternatively, you can file it online at the Nevada Secretary of State Business License Only webpage or by mail.

  1. File Annual Reports (Annual List)

All foreign and Nevada LLCs authorized to legally conduct business in the state must file an annual report documenting their directors, officers and registered agent. The state refers to this report as an “annual list.”The deadline for the first annual list is the last day of the first month after LLC’s articles of organization (or an Application for the Registration of Foreign Limited-Liability Company) were duly filed. Subsequently, annual lists must be handed over by the last day of the month in which the anniversary of the LLC’s organization takes place. For instance, if you formed your LLC in June, each list must be submitted by the last day of June. Typically, the filing rates are $150.You may file the report online using Silverflume, the Secretary of State’s web business filing portal or download the form then file it by postal mail.

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