Register Llc Nevada
For a real estate investment LLC, do I need to have a business license as well?
I am forming a Nevada LLC to hold my real estate, for asset protection purpose. Do I need to have a business license as well? I understand that if it is an active business, I would need to have one. However, this is a passive entitiy, holding my properties for asset protection only. Just not sure if I really need to go register and get a business license and spend the $200 fee.
No, you don’t need a business license. You (as a person) can be the sole member of the LLC.
Nonetheless, I would speak with an attorney and accountant about the best way to structure such an entity, in order to maximize your protection against liability and minimize your tax burden.