What are the penalties for late filing of annual reports in Nevada?

In Nevada, the penalties for late filing of annual reports depend on the specific circumstances. If a corporation fails to file its annual report by the due date, a $75 late fee is imposed, in addition to the regular filing fee. If the report is not filed within 30 days of the due date, the corporation's status will be changed to "default." After 60 days of non-compliance, an additional penalty of $100 will be imposed, and the Secretary of State may initiate revocation proceedings. LLCs face similar penalties, with a $75 late fee for filings after the due date. If an LLC fails to file within 60 days, a further $100 penalty is assessed. It is crucial to timely file annual reports to avoid these penalties and maintain good standing in Nevada.