If you have a Nevada LLC, there’s one filing that comes around every year whether you think about it or not: the annual list, filed with your state business license renewal.
Here’s how it works, based on Nevada law (NRS 86.263, 86.272, 86.274 and 76.130):
When it’s due: by the last day of the month your LLC was formed, every year. If you formed in March, it’s due by March 31. (The Secretary of State can allow an LLC to pick a different due date, so check what’s on file for yours.)
What it is: a list of the LLC’s managers or managing members, with addresses, filed with the Nevada Secretary of State.
What it costs: $150 for the annual list, plus $200 for the state business license renewal. That’s $350 a year for most LLCs. (Corporations pay more for the license.)
The reminder: the Secretary of State is supposed to send a reminder 90 days before the due date. Not getting the notice doesn’t excuse a late penalty.
Filing too early: a list filed more than 90 days before the due date counts as an amended list for the previous year, not this year’s filing.
If it’s late, the LLC goes into default and owes penalties on top of the fees: $75 for the late list and $100 for the late business license. If it stays unfiled, the LLC can eventually have its charter revoked and lose its right to transact business in Nevada.
Two practical tips:
Put it on your calendar now, with a reminder 60 days ahead. Then budget the $350 so it isn’t a surprise.
Check your city or county, too. A local business license is separate from the state one.
Fees and rules can change, so check the Nevada Secretary of State’s website before you file. If you’re not sure when your LLC was formed, you can look it up in the Secretary of State’s business search.
If you’d like help keeping recurring filings like this on a calendar, along with the rest of your books, send me a message through the Contact page.
— Rachel, Two Miles LLC