If you’re operating or planning to operate a Structured Settlement Purchase Company (SSPC) in Nevada, business registration is mandatory. This guide explains the Nevada business registration requirements, fees, and required documents to comply with Nevada Revised Statutes (NRS) 42.200 to 42.400.
📋 Who Must Register?
All Structured Settlement Purchase Companies doing business in Nevada must register with the Nevada Consumer Affairs Division of the Department of Business and Industry. This applies to both in-state and out-of-state entities.
🛡️ Registration Checklist for Structured Settlement Companies
Here’s what you’ll need to complete the registration process:
1. Completed Application
- Company name and DBA (if applicable)
- Business and mailing addresses
- Taxpayer ID or Social Security Number
- Contact info for owners, officers, directors, and managers
- Ownership percentages (must total 100%)
2. $50,000 Surety Bond or Letter of Credit
- Payable to the State of Nevada
- Issued by a licensed corporate surety or financial institution
- Must remain active for 3 years after registration expires
- Renew annually to maintain compliance
3. Sworn Certificate
Must be signed by an authorized officer confirming the accuracy of the application and the existence of the surety bond or LOC.
4. Nevada Business License or Foreign Entity Qualification
- Submit a valid Nevada business license or
- Proof of authorization to do business in Nevada as a foreign entity
5. Certificate of Good Standing
Issued by the Secretary of State where the company is organized.
6. Child Support Statement
Required only if the applicant is an individual (not a company).
🛡️ Registration Fees
| Type of Fee | Amount |
|---|---|
| Initial Registration | $250 |
| On-Time Annual Renewal | $250 |
| Late Renewal (within 60 days) | $375 |
| Reinstatement (after 60 days) | $500 |
⚖️ Ongoing Compliance
- Resident Agent: Maintain an agent in Nevada for legal service of process.
- Annual Renewal: Registrations must be renewed before expiration.
- Bond/LOC Coverage: Must remain active at all times.
🛡️ Where to Submit Registration
Mail or hand-deliver to:Nevada Consumer Affairs
2300 W. Sahara Ave., Suite 350
Las Vegas, NV 89102
Phone: (702) 486-2750
Email: register@business.nv.gov
Website: www.consumeraffairs.nv.gov
📋 Summary: Key Takeaways
To legally operate as a Structured Settlement Purchase Company in Nevada, you must:
- Complete and submit the official registration application
- Post a $50,000 surety bond or letter of credit
- Provide state licensing and good standing documentation
- Pay the appropriate non-refundable fees
- Renew annually and maintain compliance with NRS 42.200–42.400
Failure to register or renew on time may result in suspension, legal penalties, or being barred from doing business in the state.
📍 Related State Guides
📚 Resources
📖 Glossary of Structured Settlement Terms · 📍 State Registration Requirements · 📄 Editorial Guidelines
⚠️ Disclaimer: This guide provides general information about Nevada Business Registration Requirements For Structured Settlement Purchase Companies structured settlement law for educational purposes only. It does not constitute legal, financial, or tax advice. Laws change — always verify with current state statutes and consult a licensed attorney. Read full disclaimer →