Nevada is one of the most popular states to start a business: there is no state personal income tax and no state corporate income tax. But opening an LLC here takes a few more steps than in other states, because you also need a state business license and, in most cases, a local license. This is the order we follow with our clients.
1. Choose and check your business name
Your LLC name must be different from any business already registered in Nevada and must end with "LLC", "Limited Liability Company" or a similar ending. You can search names for free on the Nevada Secretary of State's SilverFlume portal.
2. Pick a registered agent
Every Nevada LLC needs a registered agent with a physical address in Nevada who can receive legal mail during business hours. It can be you, if you live in Nevada, or a registered agent service.
3. File the Articles of Organization, Initial List and State Business License
These three are filed together with the Secretary of State. At the time of writing, the state fees are:
- Articles of Organization: $75
- Initial List of Managers or Members: $150
- State Business License: $200
That is $425 to the state to get started. Always confirm current fees on the Secretary of State website before filing.
4. Get your EIN from the IRS
The EIN is your business tax ID. It is free on IRS.gov. You will need it to open a bank account, hire employees and file taxes. If you do not have a Social Security number, you can still get an EIN using an ITIN or by applying as a foreign owner.
5. Get your local business license
Depending on where your business operates, you need a license from the City of Las Vegas, Henderson, North Las Vegas or Clark County. Many addresses that say "Las Vegas" are actually in unincorporated Clark County, so check your exact location first. Some industries, like contractors or beauty services, also need a professional license.
6. Write an operating agreement and open a bank account
Nevada does not require you to file an operating agreement, but banks often ask for one, and it protects you if you have partners. Then open a business bank account and never mix personal and business money.
7. Mark your calendar every year
Each year, by the last day of the month you formed your LLC, you must file the Annual List ($150) and renew your State Business License ($200). Missing it brings late fees and can put your LLC in default.