Nevada

🛡️ Nevada Business Registration for Structured Settlement Companies

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.

⚠️ Disclaimer: General information only — not legal advice. Registration requirements change. Verify with current state law. Read full disclaimer →