In the order of things, the first step to filing a Nevada LLC is to name your business. There are statutory requirements to naming a Nevada LLC. The LLC name should contain any of the following words: ‘Limited Liability Company’, ‘Limited-Liability Company’, ‘Limited Company’, or ‘Limited’.
As an alternative, you can also use any of the corresponding abbreviations of the words enumerated above, that is, ‘LLC’, ‘L.L.C.’, ‘LC’, or ‘Ltd’. Additionally, for the name to be valid, it has to be unique and does not closely resemble any existing business entity registered with the Secretary of State of Nevada.
Validating the business name can be done using the Nevada business name search tool. If the name is verified to be valid, you can file for a Name Reservation Request at the Secretary of State. The form can be filed through postal mail or through SilverFlume, Nevada’s own business online portal. Do not forget to enclose the $25 filing fee.
When starting an LLC in Nevada, you need to hire a Registered Agent for compliance. This Registered Agent acts on behalf of your business to accept service of process, correspondence from the Secretary of State office, and other legal documents from various government agencies.
For the NV LLC Registered Agent to qualify for the position, the following requirements should be met: the agent should be an individual of Nevada or a business entity registered with the Secretary of State. A physical street address in Nevada should also be provided.
The agent should accept the responsibility of being the representative of the business to receive service of process prior to actual designation. For faster and more convenient compliance of this requirement, Rocket Lawyer’s Registered Agent Services is an excellent option.
To legally register an LLC in Nevada, an Articles of Organization for Limited Liability Companies must be filed with the Nevada Secretary of State.
Information such as the name and address of the LLC, name, signature and address of the Registered Agent, dissolution date of the LLC, the name and address of each of the LLC’s members, and the name and address of the LLC organizer are required during a Nevada LLC filing. The form can be filed through postal mail or through SilverFlume.
Fee for filing the LLC: $75 payable to the State of Nevada
An Employer Identification Number should be obtained for your Nevada LLC even if you are not hiring employees. This 9-series number is akin to your Social Security Number, but it is used for businesses.
Your Nevada EIN is an important facet to your LLC operations; therefore, it is a must that you get one. There are several ways to obtain an LLC EIN for free, but the easiest and fastest would be the online application through the IRS website.
The next step to starting an LLC in Nevada is to open a separate business bank account. This is important because you will be able to keep all assets separate in the eyes of the law.
There are many options available from Bank of America to Chase. For a quick outline of the best place to open a business bank account, see this quick review.
Once you have accomplished the steps above, you are now an official Nevada LLC registered with the Secretary of State.
The subsequent steps outlined here will ensure that you are in good standing with the state, completing all the necessary requirements to operate your business legally. A few recommended steps are also included to further the success of your LLC.
When starting a Nevada business, one can easily get sidetracked by challenges, problems, and other distractions that can slow down the steady upward climb of your business.
To avoid this and to ensure that there is a series of steps followed to maintain good business operations, an entrepreneur must write a business plan for his Nevada LLC.
A business plan does not have to be an intricate formal document full of technical jargon, but rather it should succinctly summarize business goals and how to achieve all these. You can get started on your business plan with the links below.
Taking care of your taxes and business licenses and permits is a responsibility that comes with incorporating an LLC in Nevada.
When it comes to completing your Nevada LLC tax requirements, always have a good understanding of the required deliverables to ensure that you can comply with each of the requirements. For the common taxes of your Nevada LLC, you can refer to our Nevada Business Taxes guide.
In the same way that you need to comply with tax requirements when starting an LLC in Nevada, you also must keep up with the necessary Nevada business licenses to legally operate within the state.
The requirements for your Nevada business license vary from one county to another not to mention that there are also licenses required at the state level. Our guide on Nevada Business Licenses and Regulations provides concrete resources to help you accomplish this task.
As part of the requirements for maintaining an LLC in Nevada, all businesses should file for an Annual List. The initial Annual List should be submitted on the last day of the first month when the Articles of Organization of the Nevada LLC was filed.
The following Annual List is then due at the last day of the anniversary month of the LLC’s organization. Download the Annual List form, then you can file through postal mail or through SilverFlume. Do not forget to include the $150 filing fee.
An LLC Operating Agreement is vital to the smooth operations of your Nevada LLC. Although this is not a requirement in a majority of the states in the country, it is especially important if there is more than one member of the LLC.
An Operating Agreement provides an ordered structure to the finances and the entire organization, setting rules and regulations in place that facilitate a smoother operation. For a ready-to-use, fully customizable form, Rocket Lawyer’s Operating Agreement can also be signed online.
The next step when starting a business in Nevada is to build a professional website. This will give you added credibility and help future customers find out more.
Although building a website was difficult to do in the early 2000’s, nowadays you can use a simple tool like WordPress to build a customizable website. Learn how to get started with this step-by-step guide.
Note that this is an informational guide and should not be treated as a legal document or legal advice. For further information or the legalities involved in starting an LLC in Nevada or Nevada LLC organizations in general, you should always consult a business lawyer.