What taxes does a foreign-owned LLC in Nevada actually have to pay? I heard about a commerce tax.

Nevada imposes no personal income tax and no corporate income tax. However, it has two main business obligations that apply to LLCs:

1. Commerce Tax: A gross receipts tax that applies to businesses with Nevada gross revenue exceeding $4 million per year. The rate varies by industry (from 0.051% to 0.331%).

2. State Business License: Every entity doing business in Nevada must obtain and renew an annual state business license. The fee is $200 per year for most LLCs.

For most foreign-owned LLCs with revenue under $4 million, the commerce tax will not apply, but the $200 business license fee is mandatory.

Nevada requires every LLC to file an Annual List of Members/Managers with the Nevada Secretary of State. This is due on the last day of the month of the LLC's formation anniversary.

The filing fee for the Annual List is $150. This is in addition to the $200 business license fee, bringing the minimum annual state compliance cost to $350.

The Annual List discloses the LLC's members or managers (depending on how the LLC is managed), registered agent, and principal office address. Unlike Wyoming and Delaware, Nevada does require disclosure of members or managers on this annual filing.

Nevada is two filings on the same anniversary-month last day: the $150 Annual List and the $200 business license. If you don't already renew both together, we partner with doola — they file the pair so a missed list does not become the $825 reinstatement stack.

The Commerce Tax is a gross receipts tax under NRS Chapter 363C. It only applies when a business's Nevada gross revenue exceeds $4 million in a fiscal year.

The tax rate depends on the North American Industry Classification System (NAICS) code of your business. For example: - Information services: 0.064% - Professional/technical services: 0.181% - Retail trade: 0.111%

If your SaaS business has Nevada gross revenue of $5 million (above the threshold), and the applicable rate is 0.064%, you would owe approximately $3,200 in commerce tax on the amount over $4 million.

For foreign-owned LLCs with all revenue from outside Nevada, the Nevada gross revenue may be zero, making the commerce tax irrelevant.

Annual state compliance costs for a foreign-owned LLC with no state-source income:

Nevada: - Annual List: $150 - Business License: $200 - Registered Agent: $50-$200 - Total: $400-$550

Wyoming: - Annual Report: $60 - Registered Agent: $50-$200 - Total: $110-$260

Delaware: - Annual Tax: $400 (2026) - Registered Agent: $50-$300 - Total: $450-$700

Nevada is the most expensive of the three no-income-tax states, primarily because of the $200 business license fee. Wyoming offers the lowest annual costs.

Despite higher annual costs, Nevada may make sense if:

- You need a Nevada presence for gaming, hospitality, or mining businesses - You want to take advantage of Nevada's strong charging order protections - You plan to have physical operations in Nevada - You need a state with a well-known no-income-tax reputation for business credibility

For most foreign-owned LLCs without specific Nevada business needs, Wyoming is the more cost-effective choice. Nevada's $200 business license fee adds up over time without providing meaningful benefits for an entity with no Nevada operations.