Many Nevada entrepreneurs choose to form a limited liability company (LLC) because of the many benefits of this business entity type. An LLC provides liability protection, for instance, so your assets are not at risk if your business is sued or cannot pay debts.
An LLC is a “pass-through entity” for tax purposes, meaning that the LLC itself is not taxed. Instead, income passes through the business to the LLC owners or members, who report it on their tax returns. LLCs also offer flexibility in terms of management and taxation.
Creating an LLC is relatively straightforward, but ensuring it’s done correctly is crucial to getting your Nevada business on the right foot. The most important step is filing articles of organization.
What Are Articles of Organization for an LLC?
The articles of organization is a legal document filed with the Nevada Secretary of State to form an LLC officially. It will include your business name, address, registered agent information, and more, as detailed below.
First, Select a Registered Agent for Your Nevada LLC
Nevada requires LLCs to appoint a registered agent, a person or company authorized to accept and respond to official business correspondence, such as legal, tax, or financial documents.
The registered agent ensures all important notices and documents are received. In Nevada, the registered agent can be an LLC member, individual, or entity that meets state requirements. In Nevada, a registered agent must:
- Be 18 years or older
- Have a physical address in the state
- Be available during regular business hours
- Be registered to operate in the state, if it’s a business
Many business owners hire a registered agent service to ensure their LLC stays fully compliant and for convenience.
If you choose to be your registered agent, you must be at your registered agent’s address for all business hours. A registered agent service allows you to be wherever you need to be to run and grow your business.
How to Submit Articles of Organization in Nevada
To start, visit the Nevada business portal and create an account to access the articles of organization online.
To create your account, fill out the contact information and submit it. You’ll receive a welcome email with an activation link.
In Nevada, the articles of organization require the following information:
- LLC name
- Principal office address
- Registered agent information
- Registered office address
- Dissolution Date
- Governing Authority Type
- Managers or Managing Member’s contact information
- Organizer contact information
- Certificate of Acceptance of Appointment of Registered Agent
Once you’re signed in, select “Click Here to Get Started.” Then, on the next page, click “Register My Business.” Then click “Start a Nevada Business (LLC, Corporation, etc.).” Then select “Domestic Limited-Liability Company.”
On the next page, select the start button next to “Articles of Organization – LLC, List, and State Business License.” You’ll be taken to the articles of organization form.
Follow all the prompts to enter the required information. You’ll also need to complete the “initial list of managers or members” filing, as you’ll be prompted.
You’ll have the opportunity to review all your information before payment.
The filing fee is $75 for the articles of organization. The fee for the initial list of members or managers filing is $150, and you’ll pay a business license fee of $200.
You should receive confirmation in one to two business days if you file online. However, the turnaround time for filing by mail can be up to two weeks.
Some entrepreneurs hire an LLC formation service like ZenBusiness to handle this step, saving time and ensuring the process is done correctly.
Draft an Operating Agreement
Nevada does not require an operating agreement, but it’s a crucial document that defines members’ ownership percentages and profit allocations. Those are the two key elements, but it should also include the following:
- Each member’s rights and responsibilities
- Management structure and roles
- Voting rights of each member
- Rules for meetings and voting
- What happens when a member sells their interest, becomes disabled, or dies
You can find operating agreement templates online, but it’s best to have them drawn up or reviewed by an attorney. The language of an operating agreement is crucial and can often help determine how member disputes will be resolved. Here you can obtain a free operating agreement template for your Nevada LLC.
Contact Information for the Nevada Secretary of State
Nevada Secretary of State – Businesses Division Website
Online portal: NV SilverFlume
Secretary of State
Nevada State Capitol Building
101 North Carson Street, Suite 3
Carson City, NV 89701
Email: [email protected]
Business Division Support:
Email: [email protected]
There’s only one way to create an LLC in Nevada: successfully filing articles of organization. If you make any mistakes, you’ll likely have to refile, so be sure to do it right the first time and set your business up for serious success!