S corporation status is a federal election made on IRS Form 2553. It must be filed no more than 2 months and 15 days after the beginning of the tax year it is to take effect, or any time in the prior tax year. Nevada has no state income tax, so the election matters mainly for federal self-employment tax. A Nevada LLC can elect S status without converting.
Source: Internal Revenue Service (IRS)Source: NRS 363C.200Nevada Revised Statutes chapters 76, 77, 78, 80, 82, 86 and 602 reviewed November 12, 2026. Confirm current fees with the Nevada Secretary of State before filing.
Heads up: we are an independent company that prepares and submits Nevada filings for owners. We are not the Nevada Secretary of State, and we do not give legal advice. Every state charge passes through at the exact amount billed, shown separately from our service fee.
- Filed with the Nevada Secretary of State
- We track your Nevada annual list
- Cited to the Nevada Revised Statutes
- Talk to a filer: (386) 465-3937
The forks in the road.
Form
IRS Form 2553, signed by all shareholders.
Source: Internal Revenue Service (IRS)Deadline
No more than 2 months and 15 days after the start of the tax year.
Source: Internal Revenue Service (IRS)Eligibility
Up to 100 shareholders, one class of stock, eligible shareholders only.
Source: Internal Revenue Service (IRS)Nevada effect
No state income tax; Nevada list and license fees are unchanged.
Source: NRS 363C.200Late relief
The IRS offers late election relief in some cases.
Source: Internal Revenue Service (IRS)What to have ready
- Get the EIN first
- Confirm eligibility
- Set reasonable salary with your accountant
- File Form 2553 on time
- Keep the IRS acceptance letter
- Run payroll for owner-employees
S Corporation Election for a Nevada LLC or Corporation: Form 2553 Timing
S Corporation Election for a Nevada LLC or Corporation: Form 2553 Timing
Nevada LLC and corporation cost calculator
Nevada state fees (at cost)
$425.00
Our service fee
$149.00
Agent and kit
$199.00
First-year total
$773.00
Every year after, Nevada charges $350.00 for the annual list and state business license, due the last day of your anniversary month (NRS 86.263; NRS 78.150; NRS 76.100).
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Timing
Form 2553 must be filed no more than 2 months and 15 days after the start of the tax year the election is to take effect. For a calendar-year company formed in January, that is mid-March.
Source: Internal Revenue Service (IRS)
Why it can save tax
An S corporation's owner-employees take a reasonable salary subject to payroll tax and may take additional profit as distributions not subject to self-employment tax. Nevada has no state income tax to add on top.
Source: Internal Revenue Service (IRS)
Nevada costs do not change
The election is federal. An LLC that elects S status still pays the $350 LLC list and license each year; it does not move to corporate fees.
Source: Internal Revenue Service (IRS)
Payroll
Running payroll in Nevada means registering for unemployment insurance and the Modified Business Tax. Budget for a payroll provider.
Source: NRS 363C.200
When S status is not worth it
If the business earns little profit beyond a reasonable salary, payroll costs and extra returns can outweigh the savings. Ask your accountant to compare both before filing Form 2553.
Late elections
The IRS has procedures for late election relief when there was reasonable cause. Do not assume the deadline has passed for good; ask your accountant.
Owner payroll
Once S status is in place, owners who work in the business are paid through payroll with withholding. Nevada employers also file for unemployment insurance and the Modified Business Tax.
Nevada statutes and Secretary of State rules behind this.
| Topic | Nevada rule | Where it comes from |
|---|---|---|
| Form | IRS Form 2553, signed by all shareholders. | Source: Internal Revenue Service (IRS) |
| Deadline | No more than 2 months and 15 days after the start of the tax year. | Source: Internal Revenue Service (IRS) |
| Eligibility | Up to 100 shareholders, one class of stock, eligible shareholders only. | Source: Internal Revenue Service (IRS) |
| Nevada effect | No state income tax; Nevada list and license fees are unchanged. | Source: NRS 363C.200 |
| Late relief | The IRS offers late election relief in some cases. | Source: Internal Revenue Service (IRS) |
Related Nevada reading.
Heads up: we are an independent company that prepares and submits Nevada filings for owners. We are not the Nevada Secretary of State, and we do not give legal advice. Every state charge passes through at the exact amount billed, shown separately from our service fee.
What Nevada owners ask us
No. Nevada has no state income tax return for S corporations.
Source: NRS 363C.200Yes, if every member is an eligible shareholder.
Source: Internal Revenue Service (IRS)Our EIN service ($109) covers the EIN; we can prepare Form 2553 for your signature on request.
Source: NRS 86.561Yes. Corp USA prepares and submits your Nevada filing with the Secretary of State for you. State fees are passed through at cost and our service fee is shown separately at checkout, so you never have to work through the state's filing system yourself.
Source: NRS 86.561