Is Nevada a Good State for an LLC?

The short answer

Yes — Nevada is a reasonable LLC home for the right founder. Strong points: No state income tax, Strong asset protection.

Three deciding questions

1. Do you live or operate in Nevada?

If yes, form here. Out-of-state formation while operating in Nevada costs double, not half.

2. What is the 5-year all-in cost?

$2,075 (filing + 5 × annual report + $50 registered agent + franchise minimums). This is the actual number to compare across states.

3. What are your three real requirements?

Privacy: 8/10 (strong — members not on public filings).
Banking: 8/10 (workable but not premium).
Cost: mid 5-year total.

Nevada pros

No state income tax
Strong asset protection
Anonymous LLC allowed

Nevada cons

$350/year (list + business license)
Commerce tax for high revenue

Most common alternative

Wyoming for cost + privacy. Delaware for VC-backed startups. Your home state if you operate there. Run the 5-question quiz for a personalized shortlist.

Source

Nevada Secretary of State — official business filings

Last verified: 2026-05-15

Interactive cost calculator

LLC Cost Calculator

Estimate the real cost of forming and maintaining an LLC across 51 US jurisdictions. Includes state filing, registered agent, annual report, franchise tax, and (where applicable) publication.

StateRegistered agent cost (USD/yr)DIY: $0; budget agent: $25-50; premium: $125+Project over (years)

Year 1 breakdown — Nevada

State filing fee	$75
Registered agent (yr 1)	$50
Annual report fee	$350
Franchise / privilege tax (minimum)	$0
Year 1 total	$475
Recurring (yr 2+)	$400/yr

5-year total cost$2,075

Avg. $415 / year — compares to 5-yr baseline $2,075.

What this calculator does NOT include

Federal BOI report (free, but mandatory)
EIN application (free with SSN/ITIN; some services charge $50-$300)
Operating Agreement drafting
State-level business licenses (industry-specific)
Local city/county fees (varies by municipality)
Foreign LLC registration if operating outside formation state
Federal and state income tax on profits

Educational estimate only. Not legal or tax advice. Verify with a licensed CPA or attorney before filing.