A Nevada certificate of good standing confirms that a limited liability company (LLC) or corporation was founded lawfully and is being properly maintained.
In our Certificate of Good Standing Nevada guide, we will go over the qualifications for good standing as well as how to get one in Nevada.
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How Do I Obtain a Nevada Certificate of Good Standing?
You may get your Nevada certificate of good standing from the Secretary of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Nevada business is in compliance.
To qualify for a Nevada certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Nevada, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The Nevada Department of Business & Industry website has further information about state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Nevada state tax. This includes sales tax as well as Unemployment Insurance (UI) tax.
There is no state withholding tax in Nevada. It does, however, have a gross receipts tax (sometimes known as a commerce tax) and a Modified Business Tax that applies to enterprises that pay at least $50,000 in wages every quarter.
Reports on a Year
Every Nevada LLC and company is required to submit an annual list. This report checks the list of members, managers, officials, or partners in the company.
Each year, the yearly list is submitted with the Secretary of State. It must be submitted by the final day of the month in which the company was created and may be done online, via mail, or in person. The filing cost is $150 at the very least.
Step 2: Obtain a Nevada Certificate of Good Standing.
Once your company is in good standing with the state, you may apply for a Nevada certificate of good standing from the Nevada Secretary of State. This may be completed online, via mail, email, or fax.
Is a Certificate of Good Standing Required in Nevada?
While you don’t always require a certificate of good standing to manage a company in Nevada, there are a few situations when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Establishing a business checking account
Getting a business license in another state
