...
nevada llc formation cost

How Much Does the Nevada LLC Formation Cost in 2024?

Nevada is pretty popular among start-ups. It currently has about 270,079 small businesses, and the GDP increased 4 percent above its annual rate.

Moreover, the state of Nevada is a business-friendly state. This is just one among many of the reasons that individuals are becoming more interested to start an LLC in Nevada.

To start, you must register as an active agent in Nevada to operate any business there. But what is the Nevada LLC formation cost?

In this article, we’ve broken down every single detail and cost of setting up an LLC in Nevada. Let’s take a look at how much an LLC costs in Nevada.

Nevada LLC Formation Cost

You must wonder how much an LLC costs in Nevada. Well, that’s a very simple process. You have to file three documents with the Nevada Secretary of State to form a business in this state. These are:

  • Articles of organization: $75
  • Initial list of managers: $150
  • State business license: $200

Each document has different fees; the initial cost to set up an LLC in Nevada is $425. You’ll need to pay an additional 2.5% fee by credit card, so the total cost becomes $436.

In the table below, we have broken down Nevada LLC formation cost with some additional expenses:

Requirement

Cost

LLC Name Selection*

$0

LLC Name Reservation

$25

Registered Agent*

$0-$300 per year

Articles of Organization*

$75

Operating Agreement

$0

EIN Registration*

$0

DBA Name Reservation

$20-$25

Initial List of Managers*

$150

State Business License*

$200

*Required

Nevada LLC Articles of Organization Fee: $425

If you want to expedite the processing of articles of organization, which is initially $75, you have three options:

  • 24-hour expedited state processing: $75-$125
  • 2-hour expedited state processing: $500
  • 1-hour expedited state processing: $1,000

Nevada Annual Report Fee: $150

The Nevada Annual Report Fee costs $150. It has to be submitted along with your LLC’s Articles of Organization. The first time you file the list it is called an Initial List of Managers or Managing Members.

The List must be filed each year and the fee is $150. This is proof of you filing the LLC’s annual report in Nevada, as there is no actual annual report like in other states.

Nevada Registered Agent Fee: $0-$125 Per Year

Every business operating in Nevada, regardless of its form of organization, must have a registered agent. A Nevada Registered Agent is an individual or entity that accepts legal paperwork and Nevada state communications on behalf of your LLC.

Nevada’s registered agent fee is $125 per year and will not increase over time. However, if you or any other member of your LLC’s registered agent works as a Nevada Registered agent on behalf of your business, you won’t have to pay any extra cost.

Nevada State Business License Cost: $200

The cost of a Nevada state business license is $200, and you have to file for it with your Articles of Organization. You’ll have to renew it every year with your Nevada Annual Report, and the cost to renew a Nevada state business license is $200.

Nevada Professional Licensing Fees: Varies

In Nevada, the cost of professional licenses varies along with the profession. For example, massage therapists must pay $480 for their professional license, whereas the annual medical license fee in Nevada is $280.

Local Business License Costs in Nevada: Varies

The cost of a local business license in Nevada depends on various factors, such as the business type and the county or city where the owner intends to conduct the business.

Businesses may also require local business licenses—depending on the county or city, these licenses may cost $25-$650.

The cost of business licenses in Nevada may vary depending on where you live, so we advise you to contact your local government to know about your local business costs in Nevada.

How Much Does an LLC Cost in Missouri?

Here is a summary of the key requirements and fees you need to know when forming an LLC in Missouri:

Requirement

Fee

LLC Name

$0-$32

Registered Agent

$0-$125

Articles of Organization

$50-$105

Operating Agreement

$0

EIN Number

$0

Annual Report

$0

Taxes

Varies (filed or paid every year)

Missouri LLC Formation Filing Fee: $50

Missouri LLC filing costs start at $50 when you file your Articles of Organization online by mail, the cost is $150 with the Secretary of State to be legally registered. 

If you are willing to submit any of these documents on your own, you’ll be made to pay one of the following registration fees:

  • Domestic Entities: $50
  • Foreign Entities: $105

If you submit your domestic entities’ Missouri LLC Articles of Organization by mail, you must pay an additional fee of $105. 

You must pay more because of the small service charge and Missouri’s registration fee if you use an LLC formation service. The fee for LLC formation can be different. 

The fees for an LLC formation service can vary. It starts from as low as $29 and increases if you purchase any additional offerings.

If you are an active military member or member of the Missouri National Guard, you can participate in the Startups for Soldiers programs. Under this program, they offer an active military member a waiver.

Missouri Registered Agent Fee ($0-$130+)

When you prepare the Articles of Organization for submission to the Secretary of State, you will also need to appoint a registered agent to the business. You can act as your registered agent and don’t have to pay for it. 

Nevertheless, we recommend that you hire a professional service because this way, you will not have any problems during non-compliance with the state legislation, and no penalties or legal issues will come to you. Depending on the provider, this will cost you between $100 to $130+ per year.

Missouri State Business License Fee ($25+)

The Missouri Department of Revenue doesn’t charge any fees for giving out a tax license for businesses to do business if they want to. 

Though the license is free, you will have to deposit a sales and use tax bond that is three times larger than your projected monthly sales tax deposits. The minimum fee for your state business license is $25.

Additional Nevada LLC Formation Cost

The fees we discussed above are all the starting costs and other initial fees required to form a Nevada LLC. Now, we will look at additional fees you will need while forming an LLC in Nevada:

Name Reservation

It costs $25 to reserve an LLC name in Nevada. To do so, you have to file a Nevada Name Reservation Form.

If you want to expedite the process, you need to pay an extra $50 through the state within 24 hours. This process reserves your name for 90 days, but only available names can be used for that.

Fictitious Name

If you want to operate under a new name that differs from the name your business is registered under, you may need to file for a fictitious or “doing business as” (DBA) name. The filing fee for a fictitious name differs from one state to another.

Certificate of Good Standing

A Certificate of Good Standing is usually required for the business to make some transactions and loans and prove that it complies with state laws.

You must pay $50 to get your certificate of good standing in Nevada. You can request the certificate by fax, mail, in person, or online. By mail, you have to pay an additional $15.

Business Insurance Premiums

We have discussed the basic cost to set up an LLC in Nevada above. However, some businesses may look for additional coverage or a higher policy limit. The cost may vary depending on business size, coverage type, industry size, risk tolerance, etc.

Business insurance premiums for Nevada LLC will cost owners an average of $100 per year per employee. Nevada LLC insurance can also vary by the county where you form your LLC and by any election you choose.

EIN Number

Application for an Employer Identification Number(EIN) from the IRS is free. To get an EIN, you need to do it online via the IRS website. EIN is essential for taxes, opening a business bank account, and hiring employees.

Advantages and Disadvantages of Starting an LLC in Nevada

There are numerous advantages of forming an LLC in Nevada, some of which are:

  1. Members of Nevada LLCs enjoy a high level of asset protection, so it is difficult for creditors to access personal holdings.
  2. Nevada is one of the few countries in the United States that does not charge corporate or personal income taxes. 
  3. There is no need to disclose information about firm members and managers; thus, it boosts overall privacy.

Despite these advantages, there are some disadvantages to starting an LLC in Nevada, too:

  1. In Nevada, businesses have to pay the state business license fee, which may be relatively high compared to other states. This fee is not related to business taxes.
  2. If your LLC is run by people or entities who live outside Nevada, you will need to appoint a registered agent.

Conclusion

When you decide to form your LLC in Nevada, you must know the initial costs and the long-term cost of doing business. We hope our article covered all the necessary Nevada LLC formation cost details.

Before forming an LLC, we suggest you contact a professional to avoid further hassle. Good luck with your new business!

Key Points

  • The initial cost to set up an LLC in Nevada is $425.
  • The Nevada Annual Report Fee costs $150. It has to be submitted along with your LLC’s Articles of Organization.
  • Nevada’s registered agent fee is $125 per year and will not increase over time. 
  • The Nevada State Business License costs $200.
  • The advantage of forming an LLC in Nevada is it does not charge corporate or personal income taxes. 
  • The disadvantage is businesses have to pay the state business license fee, which may be relatively high compared to other states.

Frequently Asked Questions

Reinstating an LLC in Nevada costs $300. The owner must also pay the reinstatement fee, outstanding annual fees, and late penalties.

The filing fee to dissolve an LLC in Nevada is $100. The process will take about one week, but the state can procure a two-hour state certification for $500 or one hour for $1000.

To register a foreign LLC in Nevada, you need to file the Application for Registration of Foreign Limited Liability Company for $350.

No, Nevada does not offer an option to start an LLC free of cost. The minimum cost is $425 to start an LLC in Nevada.

The minimum number of members in an LLC is one. An LLC can have a single or multiple members, who can be individuals or entities like corporations or other LLCs.

About The Author

Spread the love
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.