Secretary of State Nevada LLC: Everything You Need to Know
Filing Articles of Organization with the state and paying the proper fees, you are able to establish your limited liability company (LLC)3 min read
2. Filing Articles of Organization
3. Paying Fees and Submitting Forms
4. Naming Requirements for Your LLC
5. Requirements for Formation
6. Learn About LLCs
Forming a Secretary of State Nevada LLC is a much simpler process than most people imagine. By filing Articles of Organization with the state and paying the proper fees, you are able to establish your limited liability company (LLC).
Starting a Nevada LLC
Forming an LLC in Nevada is very simple and affordable. However, be sure that you are following the specific formation rules in this state. If you're interested in forming a Nevada LLC, there are several basic steps that you must complete:
- Registering your company with the Secretary of State.
- Paying the required fees.
- Complying with the Nevada LLC naming requirements.
Filing Articles of Organization
The initial step that you should take when forming your LLC is filing your company's Articles of Organization with the Nevada Secretary of State. Information to put in your Articles includes:
- The name you have selected for your LLC and the address of your company.
- Your resident agent's name and address.
- The date your company will dissolve if you have a planned end date.
- Your employer identification number (EIN) or your Social Security Number if you are forming a single-member LLC.
- Any business permits and licenses required by the state.
- Contact information for the LLC's managers.
- Names and addresses of company organizers.
When you submit your Articles of Organization, you will need to pay a $75 filing fee. Online registration is usually easier, but you can also file by mail.
Paying Fees and Submitting Forms
There are three forms that need to go to the Secretary of State to properly form your LLC. In addition to the Articles of Organization, you also need to file the Initial List of Managers and Members Form and your LLC's business license. There will be a filing fee required for each form:
- $75 for your Articles of Organization.
- $125 for your List of Managers and Members.
- $200 for your business license.
State filing fees can often change, so contact the Secretary of State to make sure you are paying the most current fee.
LLC Formation Timeline
Generally, once you have filed your forms with the Secretary of State, you will need to wait several business days before processing will be complete. Fortunately, if you want your forms processed faster, you can choose from several expedited processing options.
For twenty-four-hour expedited naming processing, you will need to pay $125 for each form. You can pay $50 for a twenty-four-hour expedited name reservation. It's also possible for forms to process in one or two hours. One-hour processing costs $1,000 per form and two-hour processing costs $500 per form. Contact the Secretary of State for the most current expedited processing costs.
Naming Requirements for Your LLC
Nevada differs from other states in that its naming requirements for LLCs are not very strict. The most basic requirements are that your name is easily distinguishable from other Nevada business, receives approval from state-level agencies, and include words required by the Secretary of State. Many businesses choose to guarantee that the LLC name is available before beginning the registration process.
Requirements for Formation
If you plan for your LLC to do business in Nevada, must first acquire a business license from the Secretary of State. All limited liability companies in this state also must appoint a registered agent. The registered agent you choose for your company needs to possess a permanent Nevada address. Nevada does not require LLCs to institute an operating agreement. However, writing an operating agreement is advisable because it will help you outline your company's operations.
Learn About LLCs
Before you begin the process of forming your LLC, it's important that you understand a few basic facts about this type of business structure. LLCs are a very beneficial way of structuring your business because they are very flexible, are efficient in terms of taxes, and provide liability protections to the members of your company.
Another big advantage of LLCs is that there is no limit to the number of members your company can have and can include corporations, other LLCs, foreign entities, and individual people. LLCs are commonly referred to as “hybrid” businesses because they combine features of limited liability partnerships and corporations.
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