Revision to Nevada Record Keeping Requirements

Effective October 1, 2017

Nevada Senate Bill 41 will enact new legislation that changes the compliance requirements for business entities and registered agents.  This legislation, entitled Senate Bill 41 (SB41), makes changes to the record keeping requirements for LLCs and LPs (ULPA only).

The Secretary of State may conduct periodic, special or any other examinations of any records required to be maintained pursuant to this chapter or any other provision of NRS pertaining to the duties of a registered agent as the Secretary of State deems necessary or appropriate to determine whether a violation of this chapter or any other provision of NRS pertaining to the duties of a registered agent has been committed.

Upon the request of the Secretary of State, a limited liability company shall provide the Secretary of State with the name and contact information of the custodian of records, if different from the registered agent for such company.

Each limited partnership shall continuously maintain a principal office in this State, which may but need not be a place of its business in this State, or a custodian of records whose name and street address is available at the limited partnership’s registered office. A limited partnership shall maintain at its principal place of business in this State or with the custodian of records a current list of the full name and last known business address of each partner, separately identifying the general partners in alphabetical order and the limited partners in alphabetical order.

For more information or assistance in filing in Nevada, contact the CORPSMART™ team at 800-737-8012.

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