Nevada LLC Annual Report Requirements: How to File an Annual or Amended List

Person with glasses filling forms Nevada state map annual report LLC

It takes a lot of paperwork to launch a limited liability company (LLC) in Nevada. Unfortunately, this long list of obligations could continue indefinitely — even after your articles of organization are submitted.

In the future, you’ll need to provide an annual or amended list of LLC members and managers, plus an accompanying fee. Fail to meet this requirement, and the status of your LLC could be at risk.

Struggling to keep all of your ongoing Nevada LLC requirements straight? Keep reading to learn how annual reports work in Nevada and how you can expedite this process.

What Is an Annual Report?

An annual report is a yearly filing required for limited liability companies (LLCs). This document can serve many functions, depending on where and in what capacity it’s required. In Nevada, it’s primarily meant to verify or update the LLC’s managers or managing members.

While this yearly update is referred to as the annual report in many states, it is officially known as the annual list in Nevada. Although it holds some similarities with annual reports from other states, there are also many distinctions that warrant consideration. Still, this serves the same basic purpose wherever you go: to keep your LLC current.

Nevada LLC Annual List Requirements

As in most states, Nevada’s annual list is relatively straightforward. In fact, the process in Nevada is even more streamlined than in other states, as there is no need to include detailed explanations of your LLC’s purpose or industry.

In Nevada, the annual list is filed with the Secretary of State and can be submitted concurrently with a business license filing. In most cases, the completed filing will include the following details:

  • Name of the entity. This should be identical to the name of the LLC that is already registered with the Secretary of State.
  • Nevada Business Identification Number. Also known as the “NV Business ID,” this unique number is assigned when you file your articles of organization or can be issued alongside your state business license.
  • Type of entity. This step is simple: Verify whether you run a limited liability company, a limited liability partnership, or a limited liability limited partnership.
  • Manager or member details. The annual list primarily consists of details about your LLC’s current members. For each member or managing member, include a name and current address. Depending on the number of managers, you may need to attach a supplemental page to the document. This will ensure that everybody is mentioned.
  • Annual or amended designation. If your LLC’s managers or members have remained the same in the past year, you may only need to file an annual list. If, however, you’ve made significant changes, you’ll file an amended list. The official form is essentially the same in both situations, but you’ll check a box designating the list as either annual or amended.
  • Signature. When you’ve completed your annual form, you’ll need to sign prior to submitting it to the Secretary of State. Near the signature box, the document provides an important reminder: “that the information contained [therein] is correct… pursuant to NRS 239.330.” Keep in mind that forging this document (or providing false information) is deemed a category C felony.
  • Filing fees. The cost of filing Nevada’s annual list depends on the type of entity you run and how early you submit the required documentation. The list fees are identical for limited liability companies, limited liability partnerships, and limited liability limited partnerships: $150 for the annual list or $200 for the business license fee. Additional fees are required for expedited service: $125 to get the annual list processed in 24 hours. This fee increases dramatically if you only have a few hours to spare: $500 for two hours or $1,000 for one hour.

How to File an Annual List in Nevada

There are multiple methods available for filing Nevada’s annual or amended list. No one approach is preferred in every situation: A lot depends on when you file and which method you find most convenient.

Due Dates

For most LLCs, the due date for the annual list is the end of the month in which the business was originally formed or registered. For example: An LLC formed on September 15th must file its annual list by September 30th. Early filing is encouraged, with annual lists available for submission 90 days prior to the official due date. File more than 90 days early, however, and your submission will only be relevant for the prior year.

Nevada provides the opportunity to adjust the due date for its annual list. To make this change, you’ll need to submit a Statement of Alternate Due Date with the Secretary of State. This form should include the name of your LLC, as well as the proposed month for when the annual list will be due in the future. This alternate due date must occur prior to the original due date — this statement is not an opportunity to extend the deadline.

File by Mail

As mentioned previously, the form for the Nevada annual list is available online. If you choose to file by mail, you can either:

  • Type the requested information and print the completed form before mailing it.
  • Print the form first and then enter the requested information using a dark pen.

Typically, filings are mailed to the Secretary of State’s main office in Carson City. Address the document to:

Secretary of State
Commercial Recordings Division
202 North Carson Street
Carson City NV 89701-4201

Expedited filings can also be mailed to the satellite office in Las Vegas:

Secretary of State
North Las Vegas City Hall
2250 Las Vegas Blvd. North
Suite 400, North Las Vegas, NV 89030

File by Fax

The annual list can also be filed via fax, if preferred. For regular filings via the Carson City location, fax 775-684-5725. For expedited service with the Las Vegas satellite office, fax 702-486-2888.

File Online

It’s possible to file the Nevada annual list by email. In most cases, the annual list will be emailed to [email protected]. The expedited approach has its own email address: [email protected]. For general inquires about the annual list, feel free to email [email protected].

Online filing can also be completed via Nevada’s business portal. Known as SilverFlume, this service is provided by the Secretary of State. Keep in mind that you’ll need to create an account. In most cases, this is the preferred approach, as it’s the most straightforward and also allows you to complete other Nevada business procedures from a central online location.

File With a Compliance Service

Filing your annual report may not seem particularly difficult, but it does represent yet another obligation in a long list of business essentials. For some people, simply remembering to file the annual list is the biggest struggle. Others struggle to file in a timely manner.

If you’re having a tough time keeping up with so much paperwork, it may be worth your while to let a compliance service handle this and other time-consuming requirements.

What Happens if you Fail to File Your Nevada Annual List on Time?

The consequences of failing to file annual lists on time (or at all) can be harsh. As such, it’s important to keep on top of this annual obligation — or to get a compliance service to take care of this filing on your behalf.

Late Fees and Fines

The annual list must be in the “care, custody, and control of the Nevada Secretary of State” once the business day closes on the official due date. If it’s even one date late, it will need to be accompanied by a $75 fee. This is the most common penalty for filing late.

Dissolution

Go too long without filing your Nevada annual list, and you could risk administrative dissolution. As a result, your LLC may temporarily be listed as entering “default” status. The Department of Taxation will be notified, and, if your default status persists, privileges could be revoked.

To regain active status, you’ll need to submit the annual list as quickly as possible, along with the aforementioned $75 fee. If your LLC remains in default for over a year, your status may be revoked. At this point, getting your LLC reinstated can be incredibly difficult and expensive.

Conclusion

The Nevada annual list may seem like a burdensome obligation, but filing it doesn’t need to be difficult. Whether you handle this annual essential on your own or get a compliance service to take care of it on your behalf, you’ll enjoy full peace of mind once you’ve crossed this off your annual to-do list.