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.

Statutes affected:
As Introduced: 76.100, 86.263, 86.561
BDR: 76.100, 86.263, 86.561