Nevada

Nevada Franchise Tax Guide for LLCs

Complete 2026 guide to Nevadafranchise tax — rates, due dates, filing forms, exemptions, and how to minimize your LLC's state tax burden.

Does Nevada have franchise tax on LLCs?

Yes — $550/yr ($350 annual list + $200 state business license)

Nevada Franchise Tax Structure

How it's calculated

Annual List ($350) + State Business License ($200) + Commerce Tax on NV gross revenue above $4M (0.051%-0.331% by industry)

Due date

Annual List due last day of anniversary month. Commerce Tax due August 15.

Filing form

Annual List + State Business License + Commerce Tax Return (if applicable)

Key Things to Know About Nevada Franchise Tax

Nevada is known for no income tax, but $550/yr baseline is among the highest
Commerce Tax is complicated — 26 different industry classifications
Failure to file annual list triggers immediate loss of good standing

Possible Exemptions

Commerce Tax only applies to NV gross revenue over $4M
Certain regulated industries have different schedules

Verify eligibility with a CPA or the Nevada Department of Revenue before claiming an exemption.

FAQ

Does my LLC owe franchise tax in Nevada?

Yes. Nevada imposes franchise tax or equivalent: Annual List ($350) + State Business License ($200) + Commerce Tax on NV gross revenue above $4M (0.051%-0.331% by industry)

When is Nevada franchise tax due?

Annual List due last day of anniversary month. Commerce Tax due August 15.. Missed deadlines typically trigger penalties, interest, and loss of good standing. Always mark your calendar or use FormifyAI's compliance reminder service.

How do I file franchise tax in Nevada?

Annual List + State Business License + Commerce Tax Return (if applicable). Most states now offer online filing through their Department of Revenue or Secretary of State portal. Payment can usually be made by ACH, credit card, or check.

What happens if I don't pay Nevada franchise tax?

Failure to pay triggers: monetary penalties + interest on unpaid amounts, loss of good standing with the state, inability to file lawsuits or enforce contracts, and eventual administrative dissolution of the LLC. Administrative dissolution can retroactively pierce liability protection.

Can I avoid Nevada franchise tax by forming elsewhere?

Generally no. If your LLC operates in Nevada (has employees, office, or significant activity there), you'll owe Nevada state taxes regardless of formation state. Forming in Delaware or Wyoming to "avoid" Nevada taxes typically costs MORE (both states' fees) while providing no real tax benefit.

Are there exemptions from Nevada franchise tax?

Possible exemptions: Commerce Tax only applies to NV gross revenue over $4M; Certain regulated industries have different schedules. Consult a CPA familiar with Nevada tax law for your specific situation.

Stay compliant with Nevada franchise tax

FormifyAI tracks your Nevada compliance deadlines and sends reminders so you never miss a franchise tax filing. Plus EIN, operating agreement, registered agent, and BOI report all bundled.

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