AB373
AN ACT relating to business associations; reducing fees related to creating and dissolving limited-liability companies under certain circumstances; and providing other matters properly relating thereto. Close title AN ACT relating to business associations; reducing fees related to creating and dissolving limited-liability companies under certain circumstances; and providing other matters properly relating thereto.
Introduction Date
Thursday, March 6, 2025
Primary Sponsor
View 1 Primary Sponsors Close Primary Sponsors Assemblymembe
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AN ACT relating to business associations; reducing fees related to creating and dissolving limited-liability companies u
Existing law authorizes one or more persons to form and conduct business as a limited-liability company by: (1) filing articles of organization with the Secretary of State and paying a filing fee of $75; (2) filing an initial list containing certain information about the limited-liability company with the Secretary of State and paying a filing fee of $150; and (3) obtaining a state business license from the Secretary of State and paying a fee of $200 for the issuance of the license. (NRS 76.100, 86.151, 86.263, 86.561) Sections 1-3 of this bill reduce these fees to $25, respectively, if the articles of organization of the limited-liability company include an initial manager or member who has received unemployment compensation within the 7 days immediately preceding the date of the filing of the articles of organization. Additionally, existing law authorizes a limited-liability company to dissolve under certain circumstances and imposes a fee of $100 for the filing of the articles of dissolution with the Secretary of State. (NRS 86.4895-86.541, 86.561) Section 3 reduces the fee to $25. Close digest Existing law authorizes one or more persons to form and conduct business as a limited-liability company by: (1) filing articles of organization with the Secretary of State and paying a filing fee of $75; (2) filing an initial list containing certain information about the limited-liability company with the Secretary of State and paying a filing fee of $150; and (3) obtaining a state
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