If you’re thinking about starting a business in Nevada, or already have and want to set it up as an LLC, you probably have a lot of questions about why an LLC is best for you.
Before we get into the costs for forming an LLC in Nevada, let’s address some of your other questions.
What are the Benefits of Forming an LLC in Nevada?
Nevada LLCs provide plenty of benefits for entrepreneurs in that state. For one, your personal assets are protected. If your business were ever sued, your personal assets could not be taken as long as you operate an LLC (or corporation). If you operate as a sole proprietor, your assets are vulnerable in this situation.
Another benefit for LLCs in Nevada is that you can take advantage of what’s called pass-through tax. Rather than filing a separate tax return for your business, you simply pass on the profit and loss to your personal income tax forms come April.
Business owners like the LLC business entity because the business structure can outlive them, and can be transferred to a new owner should they sell their business in Nevada. Also there are fewer formalities with the LLC than the corporation, which is a benefit for busy entrepreneurs.
What are the Costs to Form an LLC in Nevada?
Now the question you’ve been waiting for: what are the fees to form an LLC in Nevada? If you do the paperwork yourself, you’ll need to pay a fee of $75 when you submit your LLC paperwork with the Nevada Secretary of State. If you want your paperwork processed faster, you can pay a $125 expedite fee. Continue reading “Your Questions Answered: What Are The Fees for Forming an LLC in Nevada?” »