The Nevada LLC Annual List: The $350 Renewal and $175 Late Penalty Non-Residents Forget

If you formed a Nevada LLC because someone told you the state has no corporate income tax, you were told the truth — but only half of it. Nevada does not tax your company's profits. What it does require, every single year, is an Annual List and a State Business License renewal. Together they cost $350, and missing the deadline triggers $175 in penalties and can eventually cost you the company itself. For non-resident owners who rarely log in to Nevada's filing portal, this is one of the easiest compliance traps to fall into.

What the Annual List Actually Is

The Annual List is Nevada's version of an annual report. It is a short filing, made with the Secretary of State, that confirms who runs your LLC — the names and addresses of your managers, or, if your LLC is member-managed, your managing members. Nevada law (NRS 86.263) requires every limited-liability company to file this list when it first registers, and then again every year for as long as the company exists.

Bundled with it is a second, separate obligation: the State Business License. Under NRS 76.100, nearly every entity organized in Nevada must hold a current state business license to lawfully conduct business — and an LLC renews that license at the same time it files its Annual List.

The Two Fees: $150 + $200 = $350

Here is where the real number comes from. The Annual List itself carries a $150 filing fee (NRS 86.263). The State Business License renewal for an LLC is $200 (NRS 76.130). Add them together and your Nevada LLC's basic annual cost to the state is $350 — separate from any fee you pay your registered agent.

It is worth knowing that the $500 license fee you may have seen quoted online applies to corporations, not LLCs. A standard Nevada LLC pays $200 for the license, so $350 in total.

When It Is Due: Your Anniversary Month

Nevada does not use a single fixed date for everyone. Your Annual List and license renewal are due on or before the last day of the month in which your LLC's anniversary falls — the month you originally formed it.

So if your LLC was approved on 9 March, your filing is due by 31 March every year. If it was formed on 22 November, your deadline is 30 November. The Secretary of State is required to send a reminder roughly 90 days beforehand, but — and this matters for non-residents — the law is explicit that not receiving the notice does not excuse you from the penalty. If your registered agent's mail or your email address changes, that reminder can quietly never reach you.

Miss It, and the $175 Penalty Kicks In

Late filing is not free. Nevada adds a $75 penalty to the Annual List fee for default (NRS 86.272) and a $100 penalty to the late State Business License fee (NRS 76.130). Those stack: a single missed deadline turns a $350 bill into roughly $525 — the $350 in fees plus $175 in penalties.

The penalty is the same whether you are one day late or several months late, so there is no advantage to delaying once you have passed the date.

Default, Revocation, and the Five-Year Cliff

If you keep ignoring it, the consequences escalate. An LLC that fails to file is placed in "default." Stay in default and the Secretary of State will eventually revoke your LLC's right to transact business in Nevada. A revoked LLC loses the good standing and liability protection you formed it for — and while it is revoked, you will struggle to open or keep a US bank account, sign contracts, or prove the company is active.

Coming back is possible, but it costs. Reinstatement requires paying every missed year's fees and penalties, plus a $300 reinstatement fee (NRS 86.276). And there is a hard limit: if your LLC stays in default for five consecutive years, Nevada law says the charter cannot be reinstated at all. At that point, the company is gone for good.

Why "No State Income Tax" Does Not Mean "No Filing"

This is the misunderstanding that catches the most non-resident founders. Nevada genuinely has no state corporate or personal income tax, which is a real advantage. But "no income tax" is not the same as "no annual obligations." The Annual List and State Business License are filing and licensing requirements, not income taxes — they are owed regardless of whether your LLC made a profit, broke even, or never traded at all. A dormant Nevada LLC still owes its $350 every year.

A Note for Non-Residents: Your Address Is Your Registered Agent

If you live abroad and have no physical office in Nevada, the law treats your registered agent's address as your company's place of business in the state (NRS 76.100). That makes your registered agent your single point of contact for the state's reminders and notices. Keep that relationship active and your own contact details current — a lapsed registered agent is one of the most common reasons a non-resident misses the Annual List deadline entirely.

These Nevada filings are also separate from your US federal obligations. A foreign-owned single-member Nevada LLC may still need to file Form 5472 with a pro forma Form 1120 to the IRS, regardless of its standing with the state. The state and federal calendars do not line up, so it is worth tracking both.

Have Questions About Your Own Situation?

Every company's facts are a little different, and Nevada's rules interact with your federal filings in ways that are easy to miss from abroad. If you would like to talk it through with the MP Partner team, you can — no pressure, no hard sell, just clear answers.

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