Creating a limited liability company (LLC) in Nevada requires you to submit the Articles of Organization to the Secretary of State. This document will formalize your registration and allow you to legally operate in the state. Like in other states, Nevada has its own regulations for creating businesses. The registration process includes the submission of some LLC paperwork. This includes three mandatory filings: Articles of Organization, Initial List of Managers and/or Managing Members, and State Business License.
Articles Of Organization And LLC Paperwork
You can file this document by mail or online. You will need to provide certain pieces of information to complete the form.
- LLC Name – The first thing you have to do is to come up with a memorable and appropriate name that will represent your business. You have to make sure no other business entity in Nevada is using your chosen name. To avoid any issues, you can check its availability by conducting a name search on the database of the Secretary of State.Your company name should also have a proper designator. You can choose any of the following:
- Limited Liability Company
- Limited Liability Co.
- Limited Company
- Ltd. Liability Company
- Ltd. Liability Co.
Nevada allows business entities to reserve a name for 90 days. You can do this by filing a completed Name Reservation Request Form with the Secretary of State. You will have to pay $25 for this transaction.
You also have the option to conduct business under a name different from the legal name registered in the Articles of Organization while doing business. If you want, you can have a fictitious business name, also known as Doing Business As (DBA).
If you want to do that, you have to register the assumed name in the Nevada county where your LLC operates. Each county clerk has different forms and fees.
- Registered Agent – Nevada requires the appointment of a registered agent to serve as the point of contact between the state and the company. The agent will receive legal documents on your behalf. It can be an individual who is more than 18 years old and has a Nevada street address. If you choose a commercial registered agent, you have to make sure they are qualified to offer services in the state. You will have to file a signed form, also known as the Certificate of Acceptance of Appointment, to inform the state about your appointed agent.
- Date Of Dissolution – If you are planning on operating for only a specific period, you can state an end date in the Articles of Organization. If you do want your LLC to continue its operations indefinitely, then you can skip this section.
- Management Structure – You have to inform the state about the management structure of the company. You can either have a manager-managed or member-managed company.
- Manager-Managed – This means you will either delegate the management responsibilities to one or more members or hire managers.
- Member-Managed – This is when all members share the responsibility of running the business and making decisions.
- The Organizer Of The LLC – This refers to the person in charge of signing and filing your LLC paperwork. It can be someone from the company, but you can also appoint a third-party organization.
LLC Paperwork And Other Necessary Documents
- Initial List Of Managers – There is a section that asks businesses to list the name of all LLC managers or managing members, as well as their addresses and contact information.
- Business License – Your LLC does not need a separate form to apply for a business license. You can include this in the submission of the Articles of Organization. If you decide to submit a paper form, you can simply add the items and fees in the Order Description. You can find it on the 5th page of the form.
How Much It Costs
The total cost of filing is $425, which includes three mandatory filings. The Articles of Organization comes with a $75 fee. The Initial List of Managers or Members costs $150. Meanwhile, the State Business License Application costs $200.
Tax Requirements And Annual Obligations
If you plan on hiring employees, you will need to secure an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). You may also have to register your LLC with the Department of Taxation (DOT) and the Employment Security Division (ESD). Check with the Secretary of State if DOT and ESD taxes apply to your business.
If you plan on selling goods to Nevada customers, you have to collect and pay sales taxes. You need to register with the DOT for this certain purpose. You can complete the registration on the website of the DOT or download a copy of the fillable form. Once you successfully file the form, you will receive a sales tax permit for every business location where you are selling goods. The payment of sales taxes is periodical, either monthly or quarterly.
Another obligation that your LLC will have is the filing of annual lists. All LLCs have to file that type of document. It has to include information about the managers and registered agent of the company. You need to file the initial annual list along with the Articles of Organization. The due date for the subsequent lists is on the last day of the anniversary month of your organization. You can submit this report online using the web-based business filing portal of the Secretary of State. You can also download a copy and file it by mail.
Forming an LLC in Nevada requires you to follow laws that the state has set. The process includes multiple steps and the filing of important LLC paperwork. If you are looking to get expert help with each step, you can consult a third-party organization like DoMyLLC. Our team can provide you with personalized solutions to ensure that you are getting the services you need. Contact us today to find out how we can make the process hassle-free for you.
Business Filing Section