Forming an LLC Reference Guide

Forming an LLC in Nevada

Forming an LLC in Nevada Forming an LLC in Nevada is not that tricky, but if you are busy and want to save some time you may want to consider hiring an incorporation company that will take care of the paper work for you. Getting an attorney to check the Operating Agreement is always a good idea, since an unsuitable Operating Agreement can render you problems with the IRS. Forming an LLC in Nevada in 5 easy steps Select a name for you company. The company name must contain an LLC identifier, such as “Limited Liability Company” or “Ltd Liability Company”. The name must also be available (i.e. not used by another LLC) and cannot violate trademarks. Please note that a company name is not considered distinguishable from another name solely because one or the other contains distinctive lettering, a trademark, trade name, or a distinctive mark, or any combination of such characteristics. When forming an LLC in Nevada, there is also a broad collection of prohibited and restricted words that cannot be used in the name of an LLC, or requires special licensing. The name cannot contain the terms “savings and loan association”, “loan and building association”,” building and loan association”,“ building and loan”,” building and savings”,“ loan and savings association”,” loan and building”,“ savings and loan”,” savings and building”, or “loan and savings, in combination with any other word or words. Before you pick a name for your LLC, please contact the Nevada filing office for a complete list of restricted words. File Articles of Organization with the Nevada State filing office. Have an organizational meeting and adopt an Operating Agreement for the LLC. Acquire a Federal Employer Identification Number (FEIN) and arrange for a bank account to be opened for your LLC. Apply for a business license or business licenses. The company needs one license for each city or county in which the LLC will be active. Important facts to take into consideration before forming an LLC in Nevada The minimum LLC state filing fee is $75.00 in Nevada. (For 40 business days.) For an LLC formed in Nevada, an annual report is due annually on the month of the initial filing. The annual report fee is $125.