How to Start an LLC in Nevada

Are you looking for a guide to starting your LLC in Nevada? Here are the steps you need to take on how to start an LLC in Nevada.

An LLC is short of saying limited liability company.

It is a way to structure a business legally.

Also, it incorporates the limited liability of a corporation with the flexibility and lack of formalities provided by a partnership or sole proprietorship.

More so, any business owner who seeks to limit personal liability for business debts and lawsuits should consider forming an LLC.

So, this article will help you step by step guide on how to start an LLC in Nevada.

How to start an LLC in Nevada

Starting an LLC in Nevada could be done in two ways.

You can hire professional services or do it yourself.

However, if you want to do it yourself, here are the steps you need to take to start an LLC in Nevada.

Choose a Name for Your LLC

In Nevada, an LLC name must contain the words: “Limited-Liability Company,” “Limited Liability Company,” “Limited Company,” “Limited,” or its abbreviation such as Ltd.,” “L.L.C.,” “LLC,” or “LC.”

However, your LLC’s name must differ from other business entities already on file with the Nevada Secretary of State.

In addition, you can check for name availability on the Nevada Secretary of State business name database.

In addition, you may reserve a name for 90 days by filing a Name Reservation Request form with the Nevada Secretary of State.

Meanwhile, the application may be filed online using Silverflume, the Secretary of State’s web-based business filing portal, or by mail for $25.

Furthermore, you can run your business without using the official legal name registered in your Articles of Organization by using a fictitious business name, also called an assumed name, “DBA” (short for doing business as), or trade name.

However, you must register your fictitious name with the county clerk in any county in Nevada where your LLC does business.

Meanwhile, the forms and fees differ by country.

Appoint a Registered Agent

Every LLC in Nevada must have an agent for the service of process in the state.

This agent is an individual or business entity that agrees to accept legal papers on the LLC’s behalf if it is sued.

Also, the registered agent may be a Nevada resident or a business entity authorized to do business in Nevada.

In addition, the registered agent must have a physical street address in Nevada.

File Articles of Organization

In Nevada, an LLC is created by filing Articles of Organization Limited-Liability Company with the Nevada Secretary of State.

However, the articles must include:

the LLC’s name
the name, address, and signature of the LLC’s registered agent (the registered agent must also sign a Certificate of Acceptance of Appointment by Registered Agent, which is included with the Articles)
the LLC’s dissolution date, if any
whether the LLC is run by managers or members
the name and address of each manager or managing member; and
the name, address, and signature of the LLC’s organizer.

Also, the articles may be filed online using Silverflume, the Secretary of State’s web-based business filing portal, or by postal mail for $75.

Prepare an Operating Agreement

Though an LLC operating agreement is not required in Nevada but is highly recommended.

This is an internal document that defines how your LLC will be run.

Also, it sets out the rights and responsibilities of the members and managers, which include how the LLC will be managed.

In addition, it can help preserve your limited liability by showing that your LLC is a separate business entity.

However, in the absence of an operating agreement, state LLC law will govern how your LLC operates.

Obtain an EIN

More so, if your LLC has more than one member, it must obtain its own IRS Employer Identification Number (EIN), even if it has no employees.

Also, if you form a one-member LLC, you must obtain an EIN for it only if it will have employees, or you elect to have it taxed as a corporation instead of a sole proprietorship.

However, you may obtain an EIN by completing an online EIN application on the IRS website for no filing fee.

File Annual Reports (Annual List)

All LLCs in Nevada and foreign LLCs authorized to do business in the state must file an annual report listing their officers, directors, and registered agent.

Meanwhile, the state calls this report an “annual list.”

So, the first annual list must be filed with the LLC’s Articles of Organization (or Application for Registration of Foreign Limited-Liability Company).

However, a copy is included with the Articles of Organization.

Also, subsequent annual lists are due by the last day of the month in which the anniversary of the LLC’s organization falls.

This means that if you created your LLC in June, each subsequent annual list is due by the last day of June.

The report may be filed online using Silverflume, the Secretary of State’s web-based business filing portal, or you may download the form and file by postal mail for $150.

How to Start A Foreign LLC in Nevada

If you have an existing LLC and you want to extend the business to Nevada, you need to register as a foreign LLC.

This is because forming a foreign LLC allows your company to operate as one entity in multiple states. If you have an existing LLC and want to do business in Nevada, you must register as a foreign LLC. This can be done online or by mail.

Conclusion

As simple as filing an LLC in Nevada is, you will follow simple guides and requirements to get your LLC running in Nevada.

The steps have been simplified and explained in this guide on how to start an LLC in Nevada.

The first step to take on how to start an LLC in Nevada is to do a name search and reserve your name.

However, you must note that another business must not have used the name you choose for your LLC and ensure that the domain name is also available.

Also, you must Appoint a registered agent, file an article about the organization, prepare an operating agreement, obtain an EIN and file an annual report.

In addition, you must comply with all the additional tax and regulatory requirements.

We hope you find this guide on how to start an LLC in Nevada helpful.