How Much Does It Cost to Form an LLC in Nevada?

Forming an LLC in Las Vegas, NV comes with fees, but you can plan around these, and an LLC formation attorney can help you sort through the numbers so nothing catches you off guard.

By the Numbers: Forming an LLC in Nevada

The mandatory state cost to create a Nevada limited-liability company is at least $425. That total covers three required items that have to be filed together with the Nevada Secretary of State:

• The Articles of Organization ($75)
• The Initial List of Managers or Members ($150) 
• The State Business License ($200)

There are other fees that might apply. For example, if you want to file for a DBA, the fee will vary depending on the counties you’ll be doing business in. Then there’s the possibility of city permits. These again vary by city. In Las Vegas, the fee is between $55 and $700, depending on the size of the business. You can also pay for 24-hour expedited service, which is $125, for two-hour service at $500, and for one-hour service at a fee of $1,000. 

Once the LLC is set up, expect a minimum of $350 in fees annually. 

How Your LLC Formation Attorney in Las Vegas, NV Helps With Fees

Clarifying the Fees

As you go through the paperwork, it’s easy to become confused about which fees apply, particularly if you’re asking for faster service or are trying to figure out your city fee. There are also higher fees that apply for foreign-owned LLCs and special fees if you won’t be serving as your own registered agent. One of your lawyer’s primary services is making all this clear and ensuring you don’t pay a single dime you don’t have. 

Moving Things Past the Fees

After the state accepts your filing, you still need an Employer Identification Number from the IRS if you plan to open a bank account, hire anyone, or file certain tax returns. The IRS issues the number free of charge, but you can only apply after the state has formed the LLC. Your lawyer can make sure this goes smoothly.

Your lawyer can also help you set up your operating agreement. This isn’t filed with the state, so you don’t need this to get your LLC registered, but without it, the state’s default rules apply to your ownership percentages, voting rules, profits are split, and exit procedures. Those rules might not be what you want.

Keeping Up With Annual Costs

By the last day of the anniversary month of your LLC formation, you have to file an Annual List of Managers or Members for $150 and renew the State Business License for $200, for a combined $350. If you file late, there’s a $75 penalty, and continued non-compliance can lead to your business being revoked: if that happens, you have to pay not only the back fees but also a $300 reinstatement fee. Your lawyer will make sure this doesn’t happen by keeping track of dates, filings, and the law.

If you are ready to form an LLC, or if you want a clear picture of the full cost for your situation, contact the Hutchings Law Group here in LV for a consultation. Our business is your business, and we serve clients throughout Greater Nevada.

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