You did it. Your Nevada LLC is officially up and running, ready to take on challenges, roll in the profits, and change the world.
There’s no doubt that this is an exciting time in your business journey. After starting your LLC, it’s easy to get carried away in all the excitement and expectations. After all, as a new business owner, you’ve got a lot on your plate.
But the state does too. They need to keep updated records on thousands of businesses so that they can effectively reach out with any important tax or legal communications down the road. How do they do it? With your cooperation, of course.
In Nevada, an LLC’s annual report consists of two parts: the Annual List and State Business License Renewal. Each LLC must submit these filings to the Nevada Secretary of State every year to keep their information current. Unsure how to go about it? Never even heard of it? No worries at all. That’s why we’re here. Keep reading for everything you need to know.
For brevity’s sake, we’ll refer to these two combined filings as the “Annual List” in this guide.
If you’d like to hand off this responsibility to save time and focus on running your business, affordable LLC services are a great solution. Not only will they form your business in the first place, but they’ll also manage ongoing requirements like ongoing report filing. Once you're ready to lock it down, have ZenBusiness file all the paperwork.
What Is the Nevada Annual List? Why Is It Important?
Consider an Annual List the state’s yearly checkup on your LLC. It’s similar to a census in that its purpose is to collect the necessary contact and structural information about each Nevada business.
Each state has its own annual reporting requirements, and some don’t even require them. But in most states, you’re required to submit one per year that includes your LLC name, principal office address, registered agent information, and member/manager names and addresses. Whether you run a domestic or foreign LLC, you should plan on submitting an Annual List and Business License Renewal.
Don’t be intimidated, but it’s not something you want to take lightly. This is how the state updates your LLC’s record with the most recent information. They need to know how to reach you with important information about your business status, upcoming filings, taxes, and service of process.
For example, if you change your registered agent, or your current agent resigns, you’ll need to keep the state informed so they can update their contact information. Miss one of their communications and your LLC in Nevada might end up falling out of good standing or, even worse, administratively dissolved.
Moreover, keeping your information current will help other businesses and potential customers find you. If the Secretary of State has the most updated data on record, people can find your business by performing a name search.
How Much Does the Nevada LLC Annual List and Business License Renewal Fee Cost?
If you’re putting together a budget for all your LLC’s costs – like formation costs, name reservation fees, and initial operating expenses – it’s important to include annual filings like this one, just so that there are no surprises.
Costs vary from state to state. Some are free while others can be several hundred dollars. Nevada’s fees are higher than those in most other states. Annual List filing costs $150 and the Business License Renewal fee is $200. You will need to pay these fees simultaneously when you file the designated forms.
Due Date and Frequency for an Annual List in Nevada
Your Annual List and Business License Renewal will be due every year by the last day of your LLC’s anniversary month, the month it was initially formed. So, if you filed your Articles of Organization in June, your filings will be due by the last day of June every year.
What Happens if You Don’t File?
You might be thinking, “that sounds like a pain. How bad could it be if I just fly under the radar?” The short answer: don’t try it. Failing to file your Annual List and Business License Renewal can yield some serious consequences.
In the same way that both of these filings have their own filing fees, they each carry a late fee as well. The Annual List penalty is $75 and the Business License Renewal late fee is $100. On top of that, if you fail to file, your LLC will be given a “default” status. Remain in default long enough and your LLC will be revoked, at which point you would need to reinstate it to continue doing business.
Coming up on your LLC’s anniversary month? Then it’s time to file your Annual List and Business License Renewal. Here’s the information the form requires:
- Entity name
- Entity number
- Filing period
- Name and address of each manager or managing member
- Title and signature of a manager or managing member
It’s not an exceedingly long form. In fact, it’s only one page. All of the necessary information should be readily available in your business and personal documents.
When you’re ready to go, you can file either online, by mail, or in person. Here’s how:
Online Filing: Most business filings are available for submission through Nevada’s SilverFlume portal. You will need to create an account if you don’t already have one. Once you’ve logged in, select “Renew Your Business,” then “File Annual List and/or State Business License.” Search for your LLC name, entity number, or ID and choose your business from the list. Enter the required information, make your payment, and your filing will be processed immediately.
Filing by Mail: First, download the paper form and fill it out. Then mail it, along with the appropriate fee payments, to:
Regular and expedited filings
Secretary of State
New Filings Division
202 North Carson Street
Carson City, NV 89701-4201
Expedited filings only
Secretary of State – Las Vegas
North Las Vegas City Hall
2250 North Las Vegas Blvd, 4th Floor
North Las Vegas, NV 89030
Keep in mind that the Secretary of State must physically receive your form by the due date (postmarks do not count). The standard processing time for mailed forms is 3-5 business days. If you need a faster turnaround, you can pay an additional $125 for 24-hour service, $500 for two-hour service, or $1,000 for one-hour service. Expedited forms must include the Customer Order Instructions form. And if you want to pay via credit or debit card, you can also include an ePayment Checklist.
In-Person Filing: Live near Carson City or Las Vegas? You’re also welcome to hand-deliver your documents and payments to the same addresses.
Does the State Send Reminders?
Reminders are always nice. They help you stay on top of your business requirements and ensure that you won’t fall out of good standing.
The Secretary of State sends out courtesy reminders to help you meet your filing deadline. Three months before your due date, they will mail this reminder to your registered agent. Additionally, if you’ve set up a SilverFlume account, you will receive email reminders three, two, and one month prior to your due date.
It’s often a good idea to supplement these state reminders with your own. Mark the due date on your calendar, write it on your to-do lists, set an alarm on your phone, whatever system you use to keep yourself organized.
There you have it, everything you need to know about Nevada’s reporting requirements. Follow this guide to a T and your LLC will be prepared to operate smoothly and in good standing long into the future.
And remember, if at any point it seems overwhelming, you’re not alone. A good LLC service like ZenBusiness (or LegalZoom) can be a valuable resource, taking care of all the little details, so you can focus on growing your business.
Frequently Asked Questions
About Filing the Nevada LLC Annual List and Business License Renewal
Should I use an Annual List service, hire an attorney, or prepare and file my own reports?
This question largely comes down to personal preferences, but we do have some general insights. The DIY route can be quite a bit of work, as you’ll need to keep track of your due dates and complete the entire report on your own with no assistance. As for hiring an attorney, this can be prohibitively expensive for many businesses, as a lawyer can charge hundreds or even thousands of dollars to prepare and file your Annual Lists.
You can think of business services companies as a middle ground between these options. While most of these companies charge a fee to prepare and file your Annual Lists, that fee will be significantly less expensive than an attorney’s fee. At the same time, you still aren’t going it alone. Instead, you have an experienced professional guiding you through the entire process.
I’ve heard the most about LegalZoom. Are they the best Annual List service?
LegalZoom is the most well-known of all business services companies, thanks to its long track record and extensive advertising campaigns. That said, all of that brand power comes at a cost, as LegalZoom’s pricing and features don’t always compare advantageously to its competitors. While we do appreciate LegalZoom’s Annual List filing service, it isn’t our top choice.
When is my Annual List due each year?
The answer to this question depends on when you originally formed your LLC. Each LLC must file its Annual List and State Business License Renewal by the end of its anniversary month. So, if you formed your LLC on October 12, you must file your Annual List by Halloween every year.
Does Nevada require LLCs to file Initial Lists?
In some states, LLCs are also required to file initial reports. These reports are typically quite similar to annual reports, with the difference being that an initial report either accompanies your formation documents or follows their filing within a couple of months.
In Nevada, every new LLC must file an Initial List of Managers or Managing Members by the last day of the month following its formation. Therefore, if you formed your LLC on March 15, your Initial List is due by April 30. This form is the exact same as the Annual List document.
What if I need more time to complete my Annual List?
If you miss the due date for your Annual List filing, Nevada does not offer extensions. Failure to file an Annual List and State Business License Renewal by the deadline will result in a $175 fine. If you fail to file your Annual List and pay all relevant fees, the state will revoke your LLC’s status and you’ll need to file a reinstatement.
Where can I find more official information about Nevada’s LLC Annual List requirements?
The best resource for info straight from the state is the impressively detailed official instructions form. This document includes everything you need to know about filing the Annual List, from included information to due dates, fees, and much more.