Legal Bueno

    How to Start Your LLC in Nevada

    Legal Bueno helps with everything you need to start your business. We take care of all the paperwork so you don't have to worry about it. Want to learn more about the process we handle? Keep reading!

    Quick Summary:

    • Filing Fee: $425
    • Turnaround time: 1 business day

    How do I start an LLC in Nevada?

    Thinking about starting an LLC? The process is pretty similar across the states. You'll start by picking a unique name for your business (you'll need to check to make sure it hasn't been taken!) and then filing some paperwork—usually called Articles of Organization or a Certificate of Formation—with your state's agency.

    If you want to check the name availability for Nevada, visit https://esos.nv.gov/EntitySearch/OnlineEntitySearch.

    After that's taken care of, you'll want to draft a governing doc for your business called an operating agreement & find any licenses you might need. Just keep in mind that each state has its own little quirks, so it's always a good idea to double-check specific requirements for your area.

    What are the costs & processing times of starting a business in Nevada?

    Here's the rundown for Nevada:

    • The filing fee is: $425
    • There are ongoing fees of $350 (every year)
    • It usually takes 1 business day if you're filing online or 3-4 weeks (plus mail time) if by mail.

    Why Nevada is a great state for your LLC

    Starting a company in Nevada presents numerous advantages that make it an attractive option for entrepreneurs:

    • Business-Friendly Environment: Nevada is known for its efficient and simplified process of establishing a Limited Liability Corporation (LLC), making it quick and easy for startups to get off the ground.
    • Asset Protection: Forming an LLC in Nevada protects personal assets from business liabilities, offering peace of mind to entrepreneurs who want to minimize their risk.
    • Tax Incentives: The absence of a state income tax allows businesses to retain more profit. Additionally, Nevada offers various grants and tax credits like the New Markets Tax Credit (NMTC) for businesses in economically distressed areas, providing financial support and incentives for entrepreneurs.
    • Streamlined Regulations: The state imposes fewer regulatory hurdles, meaning less bureaucracy and more focus on business growth and innovation.
    • Community Development Opportunities: Specific programs such as the Las Vegas NMTC promote development in low-income communities, allowing businesses to benefit from targeted funding and support.

    In summary, Nevada’s combination of strong asset protection laws, favorable tax conditions, easy administrative processes, and supportive programs makes it an ideal location for starting a business.

    Legal Requirements

    Remember! Legal Bueno will handle all of these requirements for you, but if you're interested, here are the legal requirements for Nevada:

    Articles of Organization

    The articles of organization must include: 1. The name of the LLC;

    1. The information required by Nev. Rev. Stat. § 77.310;
    2. The name and address, either residence or business, of each of the organizers signing the articles; and
    3. If the company is to be managed by:

    a. One or more managers, the name and address, either residence or business, of each initial manager; or

    b. The members, the name and address, either residence or business, of each initial member;

    The articles may state any other provision, not inconsistent with law, including any provisions that are required or permitted to be set out in the operating agreement of the company.

    Nev. Rev. Stat. § 86.161

    See Nev. Rev. Stat. § 86.161 for further requirements.

    Instructions for LLC Articles of Organization: $75

    Filing Process

    After you've prepared the initial formation documents, you need to file it! Here is what Nevada laws require for filing:

    Each record filed with the secretary of state must be on or accompanied by a form prescribed by the secretary of state. The secretary of state may refuse to file a record that does not comply with such requirement or that does not contain all of the information required by statute for filing the record.

    The secretary of state may by regulation provide for electronic filing of records.

    Nev. Rev. Stat. § 86.557

    No record that is written in a language other than English may be filed or submitted for filing with the secretary of state unless it is accompanied by a verified translation of that record into the English language.

    Nev. Rev. Stat. § 86.566

    Additional Legal Considerations

    Here are some additional relevant laws that might be useful when operating your business in Nevada:

    Operating agreement (definition)

    Nev. Rev. Stat. § 86.101

    Operating agreement

    Nev. Rev. Stat. § 86.286

    Series LLC Provisions

    Nev. Rev. Stat. § 86.296