Why set up an LLC in Nevada?

In an economically strong state like Nevada, new and existing businesses will be able to enjoy growth and long-term stability. This is possible due to several factors that have a positive impact on the overall business climate as well as businesses. If you are planning to set up an LLC in Nevada then some of the factors acting as a stimulant to growth includes strong infrastructural support in the form of airports, interstate, and railroad.

Advantages of registering LLC in Nevada

Why would you start Nevada LLC if the state did not offer any advantages or benefits for businesses? Indeed, businesses can discover several advantages including state supported programs that have been created to ensure a business can derive maximum benefit. Some of the primary advantages include:

• Tax Benefits: When you incorporate a Nevada LLC, your business will be able to benefit from the fact that there are almost “no state level taxes”. The state doesn’t levy any corporate income tax, personal income tax, admissions tax, unitary tax, gift tax, and franchise tax.
• Asset Protection: A start-up or small business in Nevada has the advantage of the Significant Asset Protection Policies the state and business laws provide.
• Incentive Programs: There are several programs implemented by the state and a business can qualify after you register Nevada LLC. These programs offer loans, grants, tax abatement, tax credits, and employee hiring incentives.

How long does it take to incorporate an LLC in Nevada?

In order to set up an LLC in Nevada, you will be required to file LLC formation documents, which are separate for domestic and foreign business entities. Once filed with the Nevada Secretary of State, the processing time for Nevada LLC or corporation can vary from 10 to 30 business days.

Nevada LLC Forms and Fees for registration

If you are planning to start a Nevada LLC and are wondering whether the entire process be expensive then we have just the right plan for you!

• State fee for Articles of Organization: $75
• State fee for a stamped copy of Articles of Organization: $30
• Our Service Fee: $89

IncParadise LLC fee includes services like:

• Checking name availability
• Preparing state-approved Articles
• Filing Articles with state
• Sending Articles or Certificate of formation to you

Initial list & Business license

The initial list has to be submitted along with the articles of organization. Our fee is $395, which includes:

• State Fee for Nevada LLC Initial List of Members-Managers: $150
• State Fee for Nevada LLC Business License: $200
• Our Processing fee: $45

Delivery of Articles

You can start Nevada LLC or make it operational once you receive the articles of organization. The articles can be delivered in the following ways:

• USPS: Free
• Email Shipping: Free
• USPS Express Overnight: $30.50
• USPS Express International: $74.25

Certificate of Good Standing

In order to start Nevada LLC, you will require a certificate of good standing also known as a certificate of existence and it is issued by the Nevada Secretary of State.

• IncParadise fee for Certificate of Good Standing: $70
• Fee for Expedited Certificate of Good Standing: $150

Other formation documents and services

We understand that it is never easy to incorporate an LLC in Nevada or set up a new business and hence, we are here to provide all the necessary support and services. Some of the other document filings and services offered by us include:

• Nevada Apostille Regular: $94 (This filing takes 2-4 weeks)
• Nevada Apostille Expedited: $294 (Filing takes 1-2 business days)
• LLC Organizational Meeting/Company Minutes: $20
• LLC Kit with Shipping: $98

Nevada Address and Mail Forwarding

We have several plans to choose from depending on specific business requirements. The plans are:

• Basic Mail Forwarding Plan: $129
• Moderate-use Mail Forwarding Plan: $180
• High-use Mail Forwarding Plan: $280
• Monthly Virtual Office Plan: $105
• Monthly Virtual Office Plan with Shared Desk: $180
• Annual Virtual Office Plan: $570

Note: Additional state payment processing fees may be included in the prices above.

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How IncParadise helps you to start an LLC in Nevada?

You can form a small start-up, incorporate it as an LLC in Nevada, register a foreign entity or convert your existing business in another state to a Nevada entity. All this is possible with proper guidance and assistance provided by IncParadise towards filing relevant forms with the Secretary of State and Department of Taxation.

• Helping you choose a business name pursuant to NV Rev Stat § 86.171 (2013)
• Providing assistance in reserving business name for 90 days
• Providing information related to required and optional provisions and information for filing of Articles of organization pursuant to NV Rev Stat § 86.161 (2013)
• Ensuring all filing requirements as specified by NV Rev Stat § 86.151 (2013) are met in order to register Nevada LLC
• Aiding in filing and processing of all applications including Registered Agent Order Form and Operating Agreement
• Providing information pertaining to taxes to be paid in the state and if required, assist with filing application for tax identification number.
• Helping you to identify the type of business and ensure you obtain the correct business license.

An Introduction – Nevada LLC Act

The current Nevada LLC Act is known as the 2013 Nevada Revised Statutes, Chapter 86 – Limited-Liability Companies. Some of the most important laws related to the functioning and existence of a Limited Liability Company were first defined in the Nevada statutes between 1991 and 2001. The Chapter 86 – Limited-Liability Companies were added to Nevada Revised Statutes in 2005.

Nevada LLC Name Requirement

The Nevada LLC name requirement is an important aspect of business formation in the state and is governed by Chapter 86 of the Nevada LLC Act. Naming requirements for a business entity can be categorized under two subsections and they are:

• Naming Guidelines
• Name Availability Check

Naming Guidelines

A business name is integral to any organization and is one of the most important aspects of forming an LLC in Nevada. There are certain naming requirements governed by the Nevada LLC Law that businesses will have to comply with. Let us look at the key naming guidelines as set forth in the 2013 Nevada Revised Statutes.

• The name of your business entity must contain phrases like Limited-Liability Company, Limited Liability Company, Limited Company or Limited. The name may also contain abbreviations like L.L.C., Ltd., LLC or LC. The word “company” can also be abbreviated as Co. This is governed by Nevada LLC Act – NV Rev Stat § 86.171 (2013).
• The proposed name of your business entity should be distinguishable from any other name on the records maintained by the Secretary of State.
• The business name should not contain words or phrases that could be confused with government agencies like state departments, treasury, department of taxation etc.
• The Nevada LLC Law, Title 7 of the Nevada Revised Statutes, advocates that the usage of certain words in a business entity name may be restricted.

Note: If you are planning to form a professional limited liability company then the naming guidelines according to Nevada LLC Act must contain specific words and phrases. The name should contain words like Professional Limited Liability Company or abbreviations like “Prof. L.L.C.,” “P.L.L.C.,” or “PLLC”.

Name Availability Check

Once you have identified a business name that is compliant with all requirements of the Chapter 86 – Nevada LLC Act, the next step is to check if the chosen name is available so that you can reserve it with the Secretary of State.

• If you search the name “Ibiscus” and choose the option “Name Starts With” then it will show the result as -“No records found with your search criteria.”
• If you search the name “Ibiscus” and choose the option “Name Contains” then it will show the result as – “Your Search Criteria returns 300 results”. It will show information like Name of the business entity, its status, filing date, type of entity, business ID and entity number.

Articles of Organization Requirements

You can form any type of business in the state of Nevada but if you are planning to start a Limited Liability Company then Chapter 86 of the 2013 Nevada LLC Act requires a business to file specific documents related to the formation. The most important document for new business registration in Nevada is Articles of Organization, which has to be filed with the Secretary of State along with the required fee.

• Name of the limited-liability company
• Name and address of the registered agent of LLC to enable service of process
• Name and address of the owners, members or managers of LLC
• Statement providing information of the company being managed by one or more owners, managers, and members.
• Statement providing information setting forth the relative rights, duties, and powers of the series

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Nevada LLC Members Information Requirements

There are several advantages of forming an LLC as the Nevada LLC Act does not require it to follow the same rigorous operational requirements as is the case of a corporation. At the same time, an LLC can have a single owner or multiple owners often known as members. One of the salient aspects of a Nevada LLC is that the state does not require owners or members to residents of the state.

• Nevada LLC Act states that a Nevada Limited Liability Company should have at least one member or manager
• All members of LLC should be 18 years of age or older
• An LLC in Nevada will have to provide a list of LLC members within 30 days after it has been formed or registered. This list is also known as the Initial List
• Nevada LLC Law requires names and addresses of members to be listed in the Articles of Organization
• The members and their rights, powers, and duties need to be mentioned in the operating agreement.

Asset Protection for Nevada LLC

One of the salient benefits of forming an LLC in Nevada is their “Asset Protection law”. The Nevada LLC Act does not require businesses to list company assets hence a member will not be responsible for any liabilities of the LLC.

Introduction – Business License for Nevada LLC

Nevada is one of the top states when it comes to providing a pro-business environment to start-ups. The state and local government have committed themselves to ensure Nevada businesses enjoy a low-regulation environment and this includes low cost start-up, and streamlined Nevada LLC business license process.

• Government entities
• Non-profit religious entities
• Charitable organizations
• Fraternal organizations

Do I need business licenses and permits for my Nevada LLC?

If your business doesn’t belong to any of the above category, will it require a business license? Yes. In Nevada, all Title 7 entities need to obtain a business license. A title 7 entity is any business entity that has been organized under the Nevada Revised Statutes and has filed formation or incorporation documents with the Secretary of State. Title 7 entities include domestic and foreign limited liability companies (LLC), limited partnerships (LP), corporations, limited liability partnerships (LLP), limited liability limited partnerships (LLLP) and business trusts. Nevada business license is governed by Chapter 76 of the 2015 Nevada Revised Statutes.

Types of Business License in Nevada

Most businesses registering in the state of Nevada will require a license or a permit. The Nevada LLC business license can be defined under the following categories:

State Business License (SBL)

This is a mandatory license for most start-ups and is issued by the Nevada Secretary of State (SOS). It has to be renewed annually. The Secretary of State has set certain requirements for state business license and it is governed by NRS 76.100. It states that if a business entity is required to file an initial list or annual list with the Secretary of State then it must obtain a state business license during the time of filing the list.

Federal License

There are only specific businesses that may require a Federal License or permit. The requirement of this type of Nevada LLC business license is dependent on the type of activity a business in involved in and accordingly contacts the agency responsible for issuance of such a license. Some of the business activities and their corresponding issuance agencies include:

• Drug Manufacturing: This license is issued by the Food and Drug Administration (FDA)
• Ground transportation: This license is issued by the Department of Transportation (DOT)
• Investment Advising: This federal license is issued by the Securities and Exchange Commission (SEC)
• Preparation of meat products: This federal license is issued by the Food and Drug Administration (FDA)
• Selling alcohol, tobacco or firearms: This Nevada LLC business license is issued by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (AFT)
• Broadcasting: This license is issued by the Federal Communications Commission (FCC)

Retail sales permit

This permit is issued by the State Department of Taxation. You will need to check with the taxation department to identify if your business requires this permit.

Local license

If you are forming a small business LLC in Nevada then you may require just a local license, which will enable your start-up to operate within the county or city where it is situated. Such licenses are issued by the county clerk office or city administration.

Note: If you are planning to operate in multiple cities or counties then you will be required to apply for a local Nevada business license in each of the counties or cities.

Special Permits

This is applicable to small businesses in cities or counties and depending on the type of business, special permits can include those issued by the Fire, Police, Health, or Building Departments.

If you are planning to start a “child care” facility then prior to issuance of the Nevada LLC business license, the concerned authorities (Department of Health and Human Services Nevada Division of Public and Behavioral Health) will conduct an inspection. The inspection is there to ensure you or your facility fulfils necessary business license requirements, safety regulations, insurance and zoning requirements of the city or county it is located in.

IncParadise can guide you through the process of obtaining a Nevada business license!

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Nevada Business License Application Fee

The Nevada LLC business license fee is subject to the type of license your business entity requires in the state. The fee will be different for federal, state, and city or county licenses.

If I’m going to start a single-member LLC, do I need a business license?

Yes, a Nevada single member LLC (SMLLC) is a business entity that are required by NV Rev Stat § 76.100 (2017) to file an annual list with the Secretary of State and hence will have to obtain a Nevada LLC business license to conduct business in the state. The business license application is included in the Annual List of Members or Managers of a Limited Liability Company.

How IncParadise can help you with Nevada Business License?

There are different types of Nevada business license that is issued on the basis of the activities conducted and the location of a business. Your business may require:

• A state business license (SBL)
• A State and Federal License
• A State and Local County License

Introduction – Nevada LLC Registered Agent

One of the most important steps towards forming a Limited Liability Company in Nevada is appointing a registered agent. The appointment of a Nevada LLC Registered Agent is necessary because:

• This is mandatory in Nevada according to Nevada Revised Statutes, Chapter 86 and Nevada Code – Chapter 77
• A Registered agent will ensure “service of process”

• Commercial Registered Agents
• Non-Commercial Registered Agents

Who is a commercial registered agent?

The Model Registered Agents Act (MoRAA) states that a commercial registered agent will be considered as a Nevada LLC registered agent if such an individual or entity is featured in the registered agent listing statement with the Nevada Secretary of State. IncParadise is one of the most reputed Nevada commercial registered agents listed in the state and provides a multitude of services for new and existing businesses.

What exactly does your Nevada LLC Registered Agent do?

A registered agent also known as a commercial registered agent in the state of Nevada provides assistance towards new business entity formation and ensures proper maintenance of business records and timely renewals and submission of documents of existing businesses. The Nevada registered agent service is multi-faceted but some of the most important benefits to business entities include:

• Service of process on business entities: This is the most important Nevada registered agent service and it is governed by NV Rev Stat § 77.390 (2015). The responsibility of the chosen registered agent according to NV Rev Stat § 86.261 (2015) is to receive the service of any process or notice or demand as permitted or required under law, on behalf of the limited-liability company.
• Duties under Model Registered Agents Act: There are specific duties as specified under NV Rev Stat § 77.400 (2015) that your chosen registered agent is required to fulfil. For example, send notices or demand to the address recently provided by you. This ensures you are always in communication with the office of the Nevada Secretary of State.
• Point of Contact: One of the salient highlights of the Nevada registered agent service is to act as “single point of contact” so that the office of the Secretary of State is able to communicate effortlessly with the business entity.
• Provide Privacy: Privacy is important to any business especially when they are served notices by government or state departments. One of the finer aspects of Nevada registered agent service for a Limited Liability Company is to receive state department officials like sheriffs on behalf of the entity and thus help businesses maintain high levels of privacy.
• Business Formation: What type of documents do you have to submit with the Secretary of State to form your Limited-Liability Company in Nevada? Can the formation processes with expedited? Where do you need to file the formation documents? What information is required to be submitted? These are some of the questions that you may be worried about and this is where a reputed Nevada LLC registered agent like IncParadise will provide valuable assistance to ensure the new business formation processes are not disrupted.
• Business Documents: Once a Limited Liability Company is formed in Nevada, there are several other requirements that it may have to fulfill to remain active in the state. A business entity will have to file for EIN, submit initial list & annual report, apply for a business license etc. An integral part of the Nevada registered agent service includes receiving business and tax related documents as well as notifications and also assist with filing of appropriate documents within the stipulated time or due date.

A Specific service or multiple services, IncParadise provides all!

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Can I be my own Registered Agent for my Nevada LLC & its Limitation?

Yes, you can be your own Nevada LLC registered agent. Normally, this is an area that is seen as a valid option by single owner LLCs although multiple owner or member LLCs can also opt for it. The primary requirement is that you should have a street address in the state. It doesn’t matter whether you are a resident of Nevada or from another state as long as you have a Nevada address but a post office box address in the state will not be accepted.

Limitations

Are there any limitations of being your own registered agent? Yes, there are some limitations, which are as follows:

• Public Record: An LLC has to submit information pertaining to the owners, managers, or members, and Nevada LLC registered agent with the Secretary of State. As a result, your address will get listed on the public records and will be accessible to anyone. This could lead to lack of privacy.
• Home Address: Since you can use your home address as the address for “service of process”, this can open the doors of your home to litigants and those planning to sue the LLC. This will also affect your privacy.
• High personal costs: If you choose to be your own registered agent then this may have a high personal cost as you will have to be readily available for any Nevada registered agent service required by the company. This may interfere with your business time like cancelling a business or offsite meeting as you have to remain at the office to receive documents.
• Organized and knowledgeable: You need to possess information right from the duties of a registered agent to formation and handling of various processes related to the business like filing annual list or applying for EIN. Simultaneously, you will have to be organized so that you don’t miss out on annual filing due dates and also keep all business documents secure. Missing deadlines for a subpoena or legal request will have a negative impact on your business.

Why choose IncParadise as your Nevada LLC Registered Agent?

It is not just Nevada registered agent service that IncParadise provides but also has expertise in providing customized services based on specific requirements of a business entity. A business entity planning to form in Nevada will have to go through several processes and extensive documentation. Our services are focused at making the entire process of business formation easy and smooth.

• Enable business formation in the quickest possible time
• Provide service of process for all business entities – new and existing, domestic and foreign
• Provide a secure online system to clients to enable access to all business documents
• Provide LLC kit so that businesses can organize their important documents in a secure manner and at a single place
• Provide additional services like Amendments of Articles, Apostille, Certificate of Good Standing, Foreign Qualification, and Reinstatements among others.
• Initiate submission of fee and documents prior to their due dates including articles of organization for an LLC
• Provide mail forwarding and annual list notifications and submission at an extra fee

Filing the Articles of Organization

If you are planning to form a Limited-Liability Company in Nevada then its formation will be governed by Chapter 86 of the 2017 Nevada Revised Statutes. There is a Nevada LLC forming fees of $75 (state fee). In order to form an LLC, you will be required to file the Articles of Organization and the state fee with the Secretary of State at 202 North Carson Street, Carson City, NV 89701-4201.

Nevada Initial List

Normally, when you are forming an LLC, all you have to file with the state authority is the Articles or Certificate of Organization along with a certificate of good standing. In some states like Nevada, you will be required to file an Initial List of Managers or Members, Registered Agent Acceptance/Statement of Change, and State Business License along with the Articles of Organization. The filing of the initial list hence becomes a part of the Nevada LLC forming fees and it has to be filed with the Secretary of State pursuant to NV Rev Stat § 86.176 (2013). The initial list contains:

• Name and address of each member of the LLC
• Name and address of each manager of the LLC

• Articles of Organization: $75
• Nevada Initial List: $150
• State Business License: $200

Other Costs

There are different types of costs including Nevada LLC annual fees that your business will incur during and post registration. The costs will vary from one business to another depending on specific requirements of the LLC being formed. Some of the documents that your business may require include Certificate of Amendment, Name Reservation, Certificate of Correction, Merger, and Articles of Conversion among others. Let us take a quick look at some of the other costs that you may incur in Nevada.

Nevada LLC Annual Costs

There are certain annual requirements for businesses being formed in the state of Nevada. The annual requirement varies according to the type of business like a Limited Liability Company is required to submit an Annual List also known as the Annual Report and also renew their business license. The Nevada LLC annual fees are $350, which constitutes $150 for filing of annual list and $200 for business license renewal.

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Nevada LLC Registered Agent

The Nevada law NRS 77.390 and NV Rev Stat § 86.231 (2013) requires domestic and foreign entities to designate and maintain a Nevada LLC registered agent. The primary duty of a registered agent is to enable service of process but an agent can also provide several other services like business formation, name reservation, annual list submission prior to due date, and also customize services according to business need. The Nevada LLC cost of maintaining a registered agent varies on whom they choose.

• Client Registered Agent: Free
• Choosing IncParadise as NV Registered Agent: $89
• Nevada filing fee for Registered Agent change: $65

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Additional services in Nevada

A business entity or start-up can take advantage of the Nevada business climate and incentives by registering in the state. We take pride in helping businesses form and operate in the state by taking care of documentation and filings. There are several additional services that we provide and the cost is not included in the basic Nevada LLC forming fees.

Nevada address and mail forwarding

A start-up planning to register their business in Nevada needs to have a physical address pursuant to the 2015 Nevada Revised Statutes: Chapter 86. You might not have a physical address in Nevada but that should not discourage you from registering in the state. IncParadise help you obtain a physical address so that you can conduct your business with ease and the Nevada LLC annual fees for the same will be quite nominal.

EIN Assistance

Although Nevada does not have any corporate income tax, your business may be required to file a Nevada business tax like sales and use tax, Modified business tax (MBT), or the Commerce Tax. As a start-up LLC, you will be required to apply for the 9-digit unique Employee Identification Number (EIN). This number is assigned to every business in Nevada and across the country by the Internal Revenue Service (IRS). The application and cost of applying for EIN is a one-time payment Nevada LLC cost. Our team of experts will not only provide information specific to the EIN but will also obtain this Tax ID from IRS on your behalf at just $45.

Nevada Certificate of Good Standing

The Nevada certificate of good standing is a document certifying the existence of your limited liability company legally. This certificate is issued by the Secretary of State if a business entity meets all requirements including those prescribed in NRS 78.152 or NRS 86.274. This certificate is also known as a “Tax Status Compliance Certificate” and the cost of applying for a certificate of good standing is a one-time Nevada LLC cost. IncParadise can obtain this certificate on your behalf.

Nevada Apostille

The Nevada Apostille is a specialized certificate, which is issued to a business entity or LLC by the Nevada Secretary of State. This certificate is issued to authenticate original business documents. The documents that can be legitimized using the Apostille include Articles of Organization, Certificates of Amendment, and Certificate of Good Standing among others. There is a one-time Nevada LLC forming fees of $96 for applying for an Apostille.

LLC kit

The LLC Kit is a type of high quality binder, which will help you to store all your business documents in a single place. The LLC kit has been designed to keep your essential documents organized and secure, so that they are easily accessible when you need them. The Nevada LLC cost for this kit is $82.5 and you can order it as a part of the LLC formation services.

Choose IncParadise to form your Nevada LLC

IncParadise is one of the highly esteemed Nevada registered agents that are committed towards ensuring start-ups and mid-size enterprises derive maximum benefit from our tailored and wide variety of business formation services. Our specialized services provide value for money because of salient features like:

• Experts in Business Formation: We have a team of business formation or incorporation experts with experience spanning over several years and over 10,000 new business registrations.
• Within your Budget: Most businesses may feel that Nevada LLC forming fees are probably high and this may affect their costing initially but with IncParadise it is quite the opposite. We offer our business formation services within a reasonable price range so that it doesn’t overburden your budget.
• Unique back-office system: We understand the changing needs of businesses in the internet age and hence we offer a new client system that is unique in many ways. The system allows businesses the option of mail forwarding, order placing for any of our services, and storing and managing the business documents. This state of the art solution is known as the Entity Management Software and it has several features that help in streamlining requirements and document storage for businesses.

Protecting Assets by Forming Nevada LLC

Nevada is considered as one of the most favorable destinations for forming an LLC. Apart from the salient benefits the state provides, “limited liability” in itself is one of the greatest assets a Limited Liability Company can enjoy. Limited liability in the simplest of words translates to separating business assets from personal assets, so that creditors of the business are unable to touch personal assets. This is an integral part of asset protection for a Nevada LLC although some states like Nevada also have other types of asset protection plans to help businesses.

• Internal Trap: A Nevada LLC has been designed to trap any liabilities connected to business or asset. It traps them inside the entity itself and as a result, a member of the said LLC is not personally liable for such a liability.
• External Insulation: A Nevada LLC has the power to insulate its assets from the creditors of each individual member and thus protecting member assets.

Nevada LLC – Popular for Asset Protection

There are several states that provide asset protection and yet, asset protection for a Nevada LLC is considered the most popular. It is more so because the Silver State has some of the best protection laws in the nation for limited-liability companies. At the same time, it is important to understand that in order to maximize asset protection benefits in the state, a business entity will be required to obtain the utmost protection possible. How do you obtain a high degree of asset protection?

• Liability related to business debts: these types of liability are those that arise from LLC transactions
• Liability related to personal debts: these types of liability are those that arise from debts incurred due to personal or non-business activities.

Nevada Law for LLC

Nevada is one of the few states considered to have a strong legal environment that is pro-business. The 2017 Nevada Revised Statutes, Chapter 86 – Limited-Liability Companies, NRS 86.371 states that a member or manager of an LLC formed under Chapter 86 of NRS cannot be held liable for any debt or liability of the business entity. This is an integral part of the asset protection in Nevada LLC laws.

A creditor of a Limited Liability Company obtains a charging order from the Nevada court or local jurisdiction ordering the LLC to pay any distributions of property or money amounting to $40,000. In such a scenario, if there are no LLC distributions then payment would not be possible. As a result, the assets of the said LLC would be protected.

Protecting Personal Property

Although, a charging order may provide some relief to an LLC but not always, as a court order does have the power to freeze all your assets – how do you protect personal property in Nevada?

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Asset Protection Trust in Nevada

Before you can think of the asset protection in Nevada LLC option, you need to identify, discuss, and then implement an asset protection strategy. Although, there are no specific trusts for a limited-liability company in Nevada, you can always opt for the Domestic Asset Protection Trust (DAPT). What is a DAPT?

• Statute of Limitations Period: A DAPT jurisdiction like Nevada has a statute of limitations period, which should expire so that any assets in this trust can be protected from the creditor. Nevada has one of the shortest periods.
• No Exception Creditors: Nevada is one of the two states where no statutory exception creditors are applicable. This simply means that an exception creditor is someone with the ability to access DAPT assets post the statute of limitations period.