LLC Cost in Nevada – How Much to Pay for an LLC

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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.

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.

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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:

StateFiling FeeAnnual Fee/ Biennial FeeSales Tax
Nevada LLC$425$350 (Annual)4.60%
Idaho LLC$100 (online)$120 (mail)$06.00%
Arizona LLC$50none5.60%
California LLC$70$800 (Annual)7.25%
Utah LLC$70$204.70%

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.

Other Costs

How Much Does It Cost to Maintain an LLC in Nevada

To maintain an LLC in Nevada, you must file an annual report, which acts as the business’s annual report, for a fee of $150. If the business’s name changes during the year, the company must pay an additional $150 to update its membership information. Since an LLC is considered a pass-through entity for federal tax purposes, the profits of the business are reported on the owner’s personal tax returns.

One of the most expensive aspects of Nevada LLC maintenance is the filing fee. Depending on your state, the filing fee will vary, but it will cost about $150. After this, you will need to maintain a business license, which is also required for your Nevada LLC. A Nevada LLC is a pass-through entity, which means it does not have to file state or federal taxes. However, you will still have to file a Commerce Tax Return every year.

The cost of forming an LLC in Nevada is $99, which includes a full year of managed annual report service. The first step in forming a business in Nevada is obtaining an LLC license. Failure to file your documents can prevent you from doing business in Nevada, and will leave your business in delinquent status, which requires you to pay the fee within 60 days. This can be costly, so it’s important to find a company that can assist you with your filing needs.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

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.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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