Published on: 1 year 1 month ago Written By - Laura Reed
Higher level of privacy, doesn't require member names to be disclosed publicly.
Moderate filing fees and annual report costs.
No state franchise tax.
No state income tax.
Annual reports are required, but relatively easy to file.
Business-friendly laws and a well-established legal framework.
Strong asset protection laws for LLC members.
Provides charging order protection for LLC members.
Non-residents can own an LLC without restrictions.
You don't need to be physically present in Nevada to form or run an LLC.
Offers the option to form a Series LLC.
Known for its pro-business environment.
starting an LLC varies by state as they have different requirements, but there are general things you must do.
First and foremost, owners and members must agree on a name for their company. Afterward, articles of organization must be documented and filed with the state. These legal papers indicate the obligations of each member of the LLC, such as their rights, powers, duties, and liabilities.
The documents also include the names and addresses of your LLC’s members, your business’s registered agent, and a statement of purpose. You must pay a fee directly to the state and submit it at a federal level upon filing the paperwork. Doing so gives you an employer identification number or EIN.
