If you have a limited liability company (LLC) In Nevada, you must file an annual list to keep your business in good standing. It’s a relatively painless process that can be done online.
What Is an Annual List?
An annual list, known as an annual report in most states, verifies your business information, tells the state of Nevada that your LLC is still operating, and verifies the members or managers of your LLC. In addition, keeping up with annual lists is a legal requirement that enables you to obtain a Certificate of Good Standing, which a bank or creditor might request to confirm your compliance.
In Nevada, the following information is required for the annual list:
- Business name
- Member and manager names and addresses
How to File an Annual List in Nevada
To file your annual list in Nevada, visit the business portal website and log in to your account.
Then select “file annual list” and fill in all the required information.
The fee for filing your annual list is $150, and reports are due by the end of the anniversary month of your LLC’s formation. The fee for late filing is $75.
If You Do Business in Other States
If you do business in other states, be sure to register in those states as a foreign LLC. For example, if your LLC is registered in Nevada and you start doing business in Florida, you’ll need to register in Florida as a foreign LLC.
You’re generally required to register as a foreign LLC if:
- You have a physical presence of any kind in that state
- You have employees in that state
- You regularly meet with clients, managers, or investors in that state
- You are licensed to do business in that state
Once you’ve registered as a foreign LLC, your business will need to follow the annual reporting requirements of that state and pay taxes in that state.
Filing an annual list in Nevada is relatively easy but crucial to smooth business operations.
Failing to file an annual list can result in serious penalties, as can filing an inaccurate report.
Review all your business information and file your report on time to ensure your LLC remains in good standing.