Nevada markets itself as a tax-free paradise, but $350/year in mandatory fees tells a different story. Here's the honest truth about Nevada LLCs — and why most founders are better served by a ready-made Wyoming LLC that already has its EIN and transfers into your name within 24 hours.
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Nevada has invested heavily in marketing itself as a tax-free business paradise. And it's true that Nevada has no personal income tax, no corporate income tax, and no franchise tax. But the marketing conveniently omits the mandatory fees that make Nevada one of the more expensive states for ongoing LLC maintenance.
Every Nevada LLC must pay $350 per year in mandatory fees: a $200 Annual List of Members/Managers filing plus a $150 State Business License renewal. Compare that to Wyoming at $60/year or New Mexico at $0/year. Nevada is nearly six times more expensive than Wyoming annually, despite offering similar tax benefits.
Nevada does have genuine strengths. It provides strong asset protection, charging order protections, and does not require disclosure of members in the initial formation documents (though the Annual List does require disclosure). The state also does not share tax information with the IRS under separate agreement, which is sometimes cited as a privacy advantage.
For most LLC owners — particularly non-residents — Wyoming provides the same benefits at a fraction of the cost. We can register a Nevada LLC for clients who specifically want it, but we believe in transparency about the true costs.
| Form a new LLC in Nevada | Buy ready-made Wyoming (USLLCGlobal) | |
|---|---|---|
| Company exists | After state approval (2–3 days) | Already registered |
| EIN issued | Apply after formation; 1 day–several weeks | Already issued |
| Ready to bank & take payments | 1–4 weeks typical | Within 24 hours |
| Mandatory annual fees | $350/year ($200 list + $150 licence) | $60/year (Wyoming) |
| Owner privacy | Annual List discloses members (public) | Wyoming — no public owner list |
| State income tax | 0% (Nevada) | 0% (Wyoming) |
| Paperwork on you | Articles, Initial List, licence, EIN | None — we hand it over signed |
Same zero state income tax, far lower annual cost, real owner privacy, and you're trading today rather than in a month. If your business specifically needs Delaware — for outside investors or a future C-corp conversion — see our Delaware LLC page.
All fees below are sourced from the Nevada Secretary of State fee schedule.
| Fee | Amount | When due |
|---|---|---|
| Articles of Organization | $75 | One-time (at formation) |
| State Business License | $150 | At formation, then annually |
| Initial List of Members/Managers | $150 | Within 30 days of formation |
| Annual List of Members/Managers | $200 | By last day of anniversary month |
| Annual Business License Renewal | $150 | Annually |
| Registered agent | $100–150/year (third party) | Ongoing |
| Personal income tax | 0% | Nevada has no personal income tax |
| Corporate income tax | 0% | No corporate income tax |
| Commerce Tax | 0.051% – 0.331% | On gross revenue over $4M |
| Sales tax | 6.85% state + local | On taxable goods; up to ~8.375% |
| Expedited processing (24-hour) | $125 | Optional |
| Certificate of Good Standing | $50 | When needed |
Search for available names on Nevada's entity search. Your name must include "Limited-Liability Company," "Limited Liability Company," "LLC," or "L.L.C." Name reservation costs $25 for 90 days.
Every Nevada LLC must have a registered agent with a physical Nevada address. The agent must be a Nevada resident, a Nevada corporation, or an LLC authorized to do business in Nevada.
File online through SilverFlume or by mail. The filing requires:
Within 30 days of formation, file the Initial List ($150). This lists the names and addresses of all members (if member-managed) or managers (if manager-managed). This is a public filing.
Apply for the mandatory State Business License ($150) through the Nevada Secretary of State. This must be renewed annually.
Nevada does not require an Operating Agreement to be filed, but it is essential for banking and legal protection.
Standard EIN application process. Nevada LLCs are well-recognized by US banks. (With a ready-made Wyoming LLC, this step is already done — the EIN already exists.)
| Tax type | Rate | Notes |
|---|---|---|
| Personal income tax | 0% | No personal income tax |
| Corporate income tax | 0% | No corporate income tax |
| Franchise tax | $0 | No franchise tax |
| Commerce Tax | 0.051% – 0.331% | Only on gross revenue over $4M |
| Sales tax | 6.85% + local | Up to ~8.375% combined |
| Mandatory annual fees | $350/year | $200 annual list + $150 business licence |
| Processing option | Time | Additional fee |
|---|---|---|
| Standard processing | 2–3 business days | $0 |
| 24-hour expedited | Next business day | $125 |
| 2-hour expedited | Within 2 hours | $500 |
| 1-hour expedited | Within 1 hour | $1,000 |
| Filer type | Total | Breakdown |
|---|---|---|
| Domestic (US residents) | $324 | $249 service fee + $75 state filing fee |
| International (non-US residents) | $424 | $349 service fee + $75 state filing fee |
Every formation package includes:
Prefer to skip the wait and the $350/year? A ready-made Wyoming LLC already exists and already has its EIN — it transfers into your name within 24 hours so you can bank and trade today. We can also register a brand-new LLC for you (in Nevada or any state) for $549 on request — just contact us.
Before choosing Nevada, compare with Wyoming ($60/year vs $350/year) and see our state comparison for the full analysis.
Browse ready-made Wyoming companies that already exist and already have their EIN — same zero state income tax as Nevada, a fraction of the annual cost, and yours within 24 hours. Set on Nevada specifically? We'll register it for you.
Last updated: June 2026
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