Nevada Business Formation
Nevada business formation involves specific procedures and fees, which vary based on the chosen business structure. Below is an overview for both Corporations and Limited Liability Companies (LLCs).
Nevada Corporations
A corporation is a legal entity separate from its owners, offering limited liability protection. In Nevada, corporations must adhere to the following requirements and fees:
1. Articles of Incorporation
Description: To establish a corporation, you must file Articles of Incorporation with the Nevada Secretary of State.
Filing Fee: $75
2. Annual Report: $150
3. Business License: $200
4. Additional Fees
Description: Depending on the nature of the business, additional fees may apply, such as business license fees.
Range: Typically between $50 and $100 annually.
Nevada Limited Liability Companies (LLCs)
An LLC combines the liability protection of a corporation with the tax benefits of a partnership. Forming an LLC in Nevada requires the following steps and fees:
1. Articles of Organization
Description: To form an LLC, file Articles of Organization with the Nevada Secretary of State.
Filing Fee: $75
2. Initial Annual List
Description: Within 30 days of filing the Articles of Organization, LLCs must submit an Initial Annual List
Filing Fee: $150
3. Business License
Description: LLCs must pay an annual Business License fee.
Annual Fee: $200
4. Additional Fees
Description: LLCs may also incur additional fees, such as business license fees.
Range: Typically between $50 and $100 annually
*Note*: These fees are subject to change, and additional requirements may apply based on the nature of your business. Always consult the Nevada Secretary of State’s office or seek professional advice for the most up-to-date information.
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The information contained on this website has been supplied as general information. We do not provide investment, legal or accounting advice. We recommend that you seek advice from a qualified local investment, accounting or legal counsel.