One of the very few states in the union without a state income tax is Nevada. As a result, Nevadans are exempt from paying state income taxes on their personal or corporate income. However, companies doing business in Nevada are still needed to submit a yearly report and pay a yearly fee to the state.
You must submit an annual report to the Nevada Secretary of State’s office if your LLC is registered there. The SilverFlume website offers an online filing option for the yearly report. The report has to be submitted by the final day of the month that includes the anniversary of the LLC’s formation. The report filing charge is $150 every year.
You must submit a Trade Name Registration form to the Secretary of State’s office in Nevada in order to register a business name. Through the SilverFlume website, you can submit the registration electronically. A trade name registration must be filed for $25. After your application has been accepted, you will get a certificate of registration that enables you to start a business using the name of your choice.
You must submit an annual report to the Oklahoma Secretary of State if your firm is registered there. Through the website of the Oklahoma Secretary of State, the report may be submitted online. The report must be submitted by the last day of the month that marks the anniversary of the business’ founding. The report submission fee is $25.
$150 is the annual charge for a Nevada LLC. When you submit your annual report to the Secretary of State, you must pay this charge each year. If the annual fee is not paid, fines may be assessed and your company’s good standing with the state may be revoked.
In conclusion, despite not having a state income tax, Nevada nonetheless requires firms operating there to file an annual report and pay an annual fee. The Nevada Secretary of State’s office requires a Trade Name Registration form to be submitted in order to register a business name, while Nevada LLCs can submit their yearly reports online via the SilverFlume website. The annual charge for a Nevada LLC is $150 and businesses registered in Oklahoma must also submit annual reports to the Secretary of State.