On this page, you’ll learn about the following:
Nevada Registered Agent Requirements
There are certain requirements to fill the role of a Nevada registered agent:
- The nominee must be more than 18 years old.
- The individual must have a legal, physical address in the state where the LLC will operate.
- The individual must be physically present during normal working hours.
How to Choose a Registered Agent?
When you file your Certification of Formation in Nevada, you must nominate a registered agent. You can either appoint an in-house registered agent (yourself or any LLC member) or outsource to a Nevada registered agent service. You can elect your registered agent online through the Nevada Secretary of State website.
Hiring an Inhouse Registered Agent
When hiring an in-house registered agent, make sure the individual is over 18 of age and lives in Nevada.
Can I be My Own Registered Agent?
Yes, you can be your own registered agent. So long as you meet the basic requirements for a registered agent, then you can take on this role for your LLC.
Outsourcing a Registered Agent
You may, instead, get professional registered agent services. Doing so ensures that you will have the best individual to represent your business. Here are the best LLC services on our list that will provide you with registered agents to ease your worries.
Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.
What to Consider When Choosing a Registered Agent
Here are some factors to consider when choosing a registered agent.
- Service Fee: Since most states require formal businesses to have registered agents, selecting the best-registered agent is critical. Hiring a registered agent service typically costs between $50 and $300 annually. When you consider how much time it will save you, this is a small price to pay.
- Tenure in Business of Registered Agent: You want the registered agent to have established and time-tested procedures for handling documents that are received.
- State Jurisdiction Limitation: If your company expands to another state, you should use the same registered agent in all states to reduce the administrative burden of dealing with multiple registered agent service providers.
- Offer Monitoring and Follow-up Services: You want to receive up-to-date information and alerts from your registered agent as soon as possible so that you are aware of the various statutes, rules, and regulations that apply to your company.
Nevada Business Laws for Registered Agents to Note
Registered Agents are responsible to handle the business laws related to your LLC and other legal issues related to your Nevada LLC. Every state has its own business laws. Nevada is no exception. It has its own set of standard business laws to regulate businesses in the State. Here are some of the important business laws every business should follow in Nevada.
- Nevada Civil Statute of Limitations Laws: Every lawsuit must be filed within a specific span of time post the occurrence of the incident as per the Statute of Limitations. In general, the time period for filing a lawsuit in Nevada varies between 2 years to 6 years. Suits for crimes such as injury, slander, fraud, and professional malpractice should be filed within 2 years of the incident, while disputes relating to rents, collection of debts, contracts, and judgements can be filed between 4 to 6 years from the date of dispute.
- Nevada Wage and Hour Laws: Employers in Nevada should abide by the Fair Labor Standards Act. The minimum wage of employees in Nevada is fixed at $7.25 per hour with insurance. An employee working overtime should be compensated at least 1.5 times the regular pay rate beyond 40 hours.
Any employer guilty of violating the wage and hour laws is guilty of misdemeanor and can be punished with imprisonment up to 6 months and a fine up to $1000.
- Nevada Antitrust Laws: Antitrust laws regulate and prevent anti-competitive practices in any open market by levying heavy penalties and punishment against such activities. These laws counter the formation of cartels, monopolies, or any barrier created for new entrants in the market. The Nevada Antitrust laws prohibit any agreement in restraint of trade, price-fixing, acquisitions executed to reduce competition in the market, and any unfair methods of competition.
Any anti-competitive claim should be put forward within 4 years of the incident. The State laws permit a successful plaintiff to recover the Attorneys’ fees. Violation of these laws constitutes Category D felony in the State with imprisonment between 1 to 4 years and fine up to $5000. Civil penalties can also be imposed such as injunction, suspension, and 5% of gross income realized from such prohibited business activities.
- Nevada Deceptive Trade Practices Laws: The State of Nevada aims to protect its residents from unfair business practices. Such practices mislead the consumers into investing in invaluable market products by selling them with twisted statements and lies such as false advertising. The laws specifically prohibit false advertising and odometer tampering.
The remedies available to the plaintiff can range from injunctions, a penalty up to $10,000 for each violation and constitutes misdemeanour and felony, suspension of business and levy of a criminal and civil penalty, damages, and attorney’s fees and costs.
- Nevada Interest Rates Laws: All states in the United States have an Interest law for businesses. Normally, the general interest rate guidelines are less than the legal threshold of interest rate. Nevada has laws to limit the interest rates and significantly high-interest rates are considered unlawful and open to criminal prosecution. In general, the State levies the prime rate of Nevada’s largest bank plus 2%. The Interest rate on judgments is fixed at the same general rate plus 2%.
- Nevada Pyramid and Ponzi Schemes Laws: Any pyramid or Ponzi scheme is considered illegal in Nevada as they are contrary to the public policy of the State. These schemes are deceptive in nature and participating or organizing such activities is prohibited by the laws of the State. Some common examples include Mail and wire fraud, Commodities, lottery, and securities fraud.
The Registered Agents are the people who act as points of contact between your business and the State Authorities. They assist your business in ensuring compliance with all regulations and codes of the State. Hiring a registered agent in Nevada will help you handle your business in a smooth and legally compliant manner.
How to Remove a Registered Agent for LLC in Nevada
A registered agent for LLC in Nevada can be removed by filing a Registered Agent Acceptance/Statement of Change with the Nevada Secretary of State by paying a filing fee of $60.
Are you looking to change the registered agent of your Nevada LLC? Changing the registered agent can be a complex process, involving legal proceedings and mountains of paperwork. However, by following our simple steps, you can make the process fast and painless. Changing the registered agent of your Nevada LLC is also possible if you are using a registered agent service, which can handle all the necessary paperwork and find a new agent for your business.
You must first file your Articles of Organization with the Secretary of State. You can file your Articles of Organization online or by mail. The state of Nevada offers a fee of $75 for this service. If you decide to file your documents online, you can use Silverflume, the state’s web-based filing portal. However, be sure to carefully follow the instructions when submitting your documents to avoid errors or delays.
When you form an LLC, you should also search for available names. You should ensure that the name you have chosen is available, as there may be a conflict between it and another business name in the state. The Nevada Secretary of State maintains records of all available LLC names. To reserve a name for your Nevada LLC, you can either register online or fill out a Name Reservation Request form. Alternatively, you can visit the state’s business portal, SilverFlume, and fill out a form to reserve your preferred name.
If you are unsure of your legal documents or are unhappy with the current registered agent, consider removing them. Nevada’s requirements for registered agents vary, and your choice of registered agent may depend on your goals. However, it is important to know that a Nevada business entity has a physical address and a Nevada registered agent. A registered agent must be able to accept important documents from the state, including lawsuit notices and tax forms.
If you want to change the registered agent of your Nevada LLC, you can do so online. A filing fee of $60 is required to change the registered agent. Changes can be processed within a week, but if you need the change sooner, you can opt for expedited filing and pay a fee of up to $1,000. Once your company has a registered agent, it is important to spread the word about it to potential customers. You can register the website domain and set up a profile on social media to establish thought leadership and trust.
In Nevada, the business registration process is easy. It costs a fee of $60 to remove your registered agent, and you must pay this with a check or money order. The fee must be submitted along with the form, as the Nevada Secretary of State doesn’t allow businesses to change their registered agent on their annual lists. The state requires that you use a Statement of Change form to change the registered agent.
All corporations and limited liability companies doing business in Nevada are required by state law to appoint a Nevada registered agent. Nevada registered agents provide a reliable way for the Secretary of State and state courts to contact a corporation or LLC.
A registered agent is simply a person or entity appointed to accept service of process and official mail on your company’s behalf who lives in the state of service and is over 18.
If you intend to be your own registered agent, you may be forced to use your home address (especially if you run a home-based or web-based business), making the address public.
Before you choose a registered agent for your Nevada LLC, compare their price and services from the table. They will be responsible for all your documentations, filings, and other LLC-related tasks. Hence, choose the best one for your business that provides 100% accurate service at a reasonable price.