Perhaps you are hoping to form a Nevada LLC. People assume how to start an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Nevada.
On this page, you’ll learn about the following:
Nevada LLC Cost of Filing
Here are the costs involved in forming an LLC in Nevada.
Cost of Filing Formation Certificates
The Nevada Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Nevada Secretary of State.
Nevada Domestic LLC
- Online Filing costs $425.00 (includes Articles of Organization ($75) + State Business License ($200) + Initial List of Managers ($150)).
- Annual filing costs $350
- Name Reservation fee costs $25
- By mail: Fill out the Application form PDF and submit it to the following address: Secretary of State New Filings Division, 202 North Carson St., Carson City, NV 89701, costs $425
Nevada Foreign LLC
- Online filing costs $425
- Annual filing costs $350
- Name Reservation fee costs $25
By Mail: Fill out the Application form PDF, and submit it to the following address: Secretary of State New Filings Division, 202 North Carson St., Carson City, NV 89701, costs $425
Visit the Official Nevada Secretary of State website to learn more about Business filings and forms and fees.
Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.
Nevada LLC Formation Service or Registered Agent Fee
You need a registered agent to form an LLC in Nevada, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.
Business Permits and Licenses
The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Nevada Department of Revenue for regulatory boards or agencies requiring licensing.
Nevada LLC Taxes to be Paid
The LLCs in the State are subject to different State Tax filing obligations. Though the taxes vary from county to county.
State Income Tax
Nevada does not levy any State income tax on LLC or other earnings.
Nevada Sales Tax
The standard rate of sales tax applicable is at the rate of 4.60%. After the addition of local county rates, the total tax rate can get up to 8.265%.
Federal Self-Employment Tax
Any profit that Nevada LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.
Employer Payroll Tax Withholding
If you hire employees in Nevada, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.
Cost Comparison Among States
Every state has different costs of filing for an LLC to their respective State Authorities. If you want to get a better understanding of the costs of opening an LLC in a different state in comparison to Nevada, read the table below:
|State||Filing Fee||Annual Fee/ Biennial Fee||Sales Tax|
|Nevada LLC||$425||$350 (Annual)||4.60%|
|Idaho LLC||$100 (online)$120 (mail)||$0||6.00%|
|California LLC||$70||$800 (Annual)||7.25%|
Nevada’s economy is significantly reliant on the tourism industry. The other key industries in the State are mining, aerospace and defense, health care, manufacturing, and logistics.
- Nevada Name Reservation: $25 for online fillings or by mail
- Doing Business As (DBA): $25 for online filling or by mail
- Certified Document Copies: $30 + $2 per page.
- Certified of Good Standing: $50
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Nevada LLC: $100
How Much Does It Cost to Maintain an LLC in Nevada
To maintain an LLC in Nevada you will need to pay an annual fee of $350 along with sales tax at 4.60% and federal taxes.
The first thing that you have to know about how much it costs to maintain an LLC in Nevada is that it is a legal entity, and it can be expensive to manage. In Nevada, there are several legal fees associated with LLC management, including annual lists and filing fees. These fees must be paid regularly, or your LLC will be dissolved. Also, LLCs must renew their business license every year, which costs $200. The total fees for LLC maintenance is therefore $350 a year.
Another cost to consider is that if you choose to register your business in Nevada, you will need a registered agent. You must be at least 18 years of age, and you must have a physical address. However, you shouldn’t use your home or business address as the registered agent. In Nevada, it costs $75 to file articles of organization, and you should also think about drafting operating agreements for your business.
Another expense to consider is the cost of an attorney. While Nevada requires an attorney to file articles of organization, you can also choose to file the required documents online. A Nevada LLC filing fee will cost between $425 and $500, depending on the complexity and services needed. There are several other fees related to Nevada LLC maintenance, and the costs can vary depending on your type of business. The legal fees listed above are a small portion of the total costs you will pay for maintaining your Nevada LLC. The fees are generally well worth the cost.
There are various licenses that may be necessary for your business. Depending on your business type, you may need to obtain different licenses. A list of required licenses for Nevada LLCs varies from state to state. Your business should check the requirements of each license in detail, and do not skimp on any of these fees. You will be charged a late fee if you do not pay these taxes on time.
Another important step in the process is filing an Employer Identification Number (EIN) for your Nevada LLC. This number is important for identification purposes, so that you can open a business banking account. An EIN is also required for an LLC with more than one member. The EIN is a number assigned to your business by the Internal Revenue Service. An EIN can be obtained using a service like Incfile.
The fees involved in maintaining an LLC in Nevada are fairly low. Forming an LLC in Nevada requires a filing of the initial list of members, including the registered agent, officers, and directors. This acts as your business’ first annual report, and is also a requirement for collecting sales tax. An EIN costs $150, and you must pay it within 60 days. You should also consider hiring an attorney.
A registered agent is another important service that many LLCs use. This person is your point of contact for the state and will receive and forward important documents to your LLC. Some formation services offer a year of registered agent service at no additional cost, so there’s no need to pay for it separately. But most registered agent services charge $150 or more per year, but the costs can vary significantly. When you consider all of these services, you can determine what type of service you want.
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.
The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.
The cost of Nevada is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.