Educational Resource — June 2026 Nevada fees are set by statute and subject to change. Verify current rates with the Nevada Secretary of State (nvsos.gov) and the Nevada Department of Taxation.

Nevada LLC Annual Costs Overview

Nevada requires all LLCs to file two mandatory annual documents and pay the associated fees:

  • Annual List of Managers/Members: $200
  • State Business License: $150
  • Total minimum annual cost: $350

These are filed together with the Nevada Secretary of State each year. On top of these, businesses with over $4 million in Nevada gross revenue may owe the Commerce Tax.

Annual List of Managers/Members: $200

Nevada requires LLCs to file an "Annual List of Managers and Members" (or officers) with the Secretary of State each year. This filing:

  • Confirms the current manager(s) or member(s) of the LLC
  • Updates the registered agent's information if needed
  • Costs $200 per year
  • Is filed online at nvsos.gov

State Business License: $150

Nevada requires virtually all businesses (including LLCs) to maintain a State Business License. Unlike most states where a business license is for specific industries, Nevada's is a general blanket requirement for all LLCs. The license costs $150 per year and is renewed alongside the Annual List.

Penalty for Late Filing

Filing the Annual List after the deadline results in a $75 late fee. The State Business License also has a separate late renewal penalty. Failing to file for multiple years can lead to the LLC being revoked by the state.

When Nevada LLC Fees Are Due

  • Due date: Last day of the anniversary month of your LLC's formation
  • Example: LLC formed in June → Annual List and Business License due June 30 each year
  • Files and pays through the Nevada Secretary of State online portal

Nevada Commerce Tax

Nevada's Commerce Tax applies to businesses with over $4,000,000 in Nevada gross revenue in a fiscal year. For the vast majority of small LLCs, this threshold means no Commerce Tax is owed. The tax rate varies by industry, ranging from 0.051% to 0.331% of Nevada gross revenue above the $4M threshold.

No Nevada State Income Tax

Nevada has no personal income tax and no corporate income tax. This means:

  • LLC profits that pass through to Nevada resident members are not taxed by Nevada
  • There is no Nevada equivalent of California's 1%–13.3% income tax
  • You still owe federal income tax to the IRS
  • If you live in another state, that state may tax your LLC income regardless of where the LLC is formed

Nevada vs Wyoming vs New Mexico: Which Is Cheapest?

State Annual Fee Income Tax Annual Report Privacy
New Mexico $0 1.7%–5.9% Not required High (anonymous)
Wyoming $62 min. None Required High (anonymous)
Nevada $350 min. None Required (Annual List) Moderate

For most small LLCs focused on minimizing ongoing costs, Wyoming and New Mexico are generally more economical than Nevada. Nevada's higher reputation among business attorneys is largely a holdover from an era before Wyoming's laws were strengthened.

Official Sources

Frequently Asked Questions

Nevada LLC Cost FAQs

The minimum annual cost for a Nevada LLC is approximately $350 — consisting of a $200 Annual List of Managers/Members and a $150 State Business License fee. These are due together at the end of your LLC's anniversary month each year. Nevada is significantly more expensive annually than Wyoming ($62) or New Mexico ($0).
No. Nevada has no personal income tax and no corporate income tax. This is a significant advantage for LLC owners who live in Nevada or earn Nevada-sourced income. However, Nevada does have a Commerce Tax for businesses with over $4 million in annual gross revenue.
Nevada is popular because it has no income tax, strong privacy protections, robust charging order protection, and a business-friendly legal environment. However, its annual fees ($350+) are higher than Wyoming or New Mexico, making it less cost-effective for many small LLCs.
The Nevada LLC Annual List is due at the end of the anniversary month of your LLC's formation. For example, if your LLC was formed in April, your annual list is due April 30 each year.

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