If you’re thinking of forming an LLC in Nevada, you’ll need to be aware of the various fees associated with the process. In this blog post, we’ll outline all of the fees you need to be aware of, so that you can make the best decision for your business.
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An LLC, or limited liability company, is a business structure that offers its owners personal liability protection and flexibility when it comes to taxes and management.3 min read
LLC Fees in Nevada: What You Need to Know
If you’re thinking of forming an LLC in Nevada, you’ll need to know about the state’s requirements and fees. Here’s what you need to know.
The fee for filing the Articles of Organization for your Nevada LLC is $75. You can file online, by mail, or in person. The easiest way to file is online through the Nevada Secretary of State’s website.
You can also choose to have your LLC registered with the Commercial Registered Agents service.Registered agents are businesses that agree to accept legal documents on behalf of your LLC. This service costs an additional $100 per year.
If you want your LLC to have a professional license, you’ll need to file an application with the Nevada Professional License Bureau. The fee for this license is $200. If you want to operate your LLC as a partnership, you may need to file a fictitious name registration with the county clerk in the county where your business will be located. The fee for this registration is $10.
In addition to these one-time fees, there are also annual fees associated with maintaining an LLC in Nevada. These include the $150 franchise tax and the $200 annual report fee.
Types of LLC Fees in Nevada
Every state has different LLC fees, and it’s important to be aware of the fees in your state so that you can budget accordingly. In Nevada, there are several different types of LLC fees that you may be required to pay, depending on the type of LLC you have and the activities your LLC is engaged in.
Annual License Renewal Fee: All LLCs in Nevada are required to pay an annual license renewal fee of $200. This fee is due on the anniversary of the date your LLC was formed.
Statement of Information Fee: LLCs in Nevada are also required to file a Statement of Information every two years, and there is a filing fee of $75 for this document. The Statement of Information must be filed within 60 days of the anniversary of the date your LLC was formed.
Registered Agent Fee: Every LLC in Nevada is required to appoint a registered agent, and there is a one-time fee of $125 for this service. Registered agents must maintain a physical address in Nevada and be available during normal business hours to accept service of process on behalf of the LLC.
Business Activity Tax: Depending on the activities your LLC is engaged in, you may also be required to pay a business activity tax. This tax is based on your LLC’s gross receipts, and the rate ranges from 0.001% to 0.3% depending on the type of business activity your LLC is engaged in.
When LLC Fees Are Due
LLC fees in Nevada are due when you first form your LLC. LLCs in Nevada are required to pay an $85 filing fee to the Secretary of State when filing their Articles of Organization.
LLCs are also required to pay an annual $150 franchise tax, which is due by June 1st of each year. If you file your Articles of Organization after June 1st, you will be required to pay a prorated amount of the franchise tax based on how many months are left in the fiscal year.
Lastly, LLCs may also be required to pay a biennial $200 business license renewal fee to the Nevada Secretary of State.
How to Pay LLC Fees in Nevada
If you’re forming an LLC in Nevada, you’ll need to pay a number of fees to the state. These fees include the LLC registration fee, the LLC annual report fee, and the LLC publication fee.
The LLC registration fee is $75 and is paid when you file your Articles of Organization with the Secretary of State’s office. The LLC annual report fee is $150 and is due every year on the anniversary of your LLC’s formation. The LLC publication fee is $350 and is paid when you file your Notice of Formation with the Nevada Secretary of State’s office.
To pay these fees, you’ll need to submit a check or money order payable to the “Secretary of State” along with your completed forms. You can also pay by credit card, but there is an additional processing fee of 2.65%.
Penalties for Late Payment of LLC Fees in Nevada
If you are late in paying your LLC fees in Nevada, you will be charged a penalty. The amount of the penalty will depend on how late you are in paying the fee. If you are more than two months late, you will be charged a $200 penalty. If you are more than six months late, you will be charged a $500 penalty. If you are more than twelve months late, your LLC will be administratively dissolved.
In conclusion, LLC fees in Nevada are very reasonable, especially when you compare them to other states. You will need to pay a one-time filing fee of $75 and a $200 annual fee, which are both very manageable. Additionally, you may need to pay a small fee for certified copies of your articles of organization and other documents. Overall, LLC fees in Nevada are very reasonable and you should have no problem forming your LLC and keeping it in good standing.
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