Partnership Benefits | Nevada Legal Forms & Services

Partnership Benefits

Benefits of a General Partnership

• Ease of creation. No state filing is required. The partnership is created when the partners begin business activities.

• Low cost of operation. Because general partnerships are not formed by means of a state filing, they are not required to pay a formation filing fee, ongoing state fees or franchise taxes. The partnership must still obtain the business licenses and permits required for operation however.

• Few ongoing requirements. Unlike corporations, general partnerships are not required to hold annual meetings of the owners, issue partnership interest, and keep personal asset separate from business assets. Having a partnership agreement that outlines how the partnership will be managed, the roles of each partner, and what events will cause the partnership to end operations is recommended.

Benefits of a Limited Partnership

• Unlimited liability for general partners only. In a limited partnership (LP), at least one partner has unlimited liability—the general partner(s). The other partners (limited partners) have limited liability, meaning their personal assets typically cannot be used to satisfy business debts and liabilities. The amount of their liability is limited to their investment in the LP.

• Limited partners are not involved in management. The general partners oversee the day‑to‑day operations of the LP. Limited partners are basically silent investors.

• Short‑term projects/ventures. LPs are often the business type of choice for special situations versus true businesses.

Benefits of a Limited Liability Partnership

• Professional service businesses. Limited liability partnerships (LLPs) can only be created by certain types of professional service businesses, such as accountants, attorneys, architects, dentists, doctors, and other fields treated as professionals under each state’s law.

Benefits of a Limited Liability Limited Partnership

• Protects the partners from liability when the partnership is exposed to a lawsuit.

• It provides asset protection. That is, when someone sues a partner, personally, it protects the assets inside the partnership from being taken by the judgment creditor of a partner. So, whether the lawsuit comes from within the company or directly attaches a partner, the LLLP can provide a legal barrier.

If you’re considering forming a Partnership…We Can Help!

		Most Popular
LIVING TRUSTS (Avoid Probate)	Basic Single Person $495.00 Couple/Married $595.00	Comprehensive Single Person $595.00 Couple/Married $745.00 + recording fees	Expedited Comprehensive Single Person $695.00 Couple/Married $845.00 + recording fees
Living Trust Includes: Your Trust Agreement, Certificate of Trust, Schedule of Assets, Schedule of Beneficiaries, Distribution of Assets, Appointment of Successor Trustee and Alternate Successor Trustee.	✔	✔	✔
Pour Over Will The Pour Over Will transfers to your trust any assets left out of it during your lifetime, either due to inadvertence or neglect. It acts as a “safety net” to catch assets which are not transferred to the trust, and it serves to avoid litigation by underscoring the validity of the trust and your desire to have your property distributed under its terms.	✔	✔	✔
Power of Attorney for Financial Matters A Durable Power of Attorney for Financial Matters is usually used to allow your agent/attorney-in-fact to handle all of your financial affairs when you are unable to handle them. If a power of attorney is durable, it remains valid and in effect even if you become incapacitated and unable to make decisions for yourself. If a power of attorney document does not explicitly say that the power is durable, it ends if you become incapacitated.	✖	✔	✔
Power of Attorney for Health Care Decisions A Medical Power of Attorney is a legal instrument that allows you to select the person that you want to make healthcare decisions for you if and when you become unable to make them for yourself. The person you pick is representative for purposes of healthcare decision-making.	✖	✔	✔
Living Will A Living Will is a document that explains whether you want to be kept on life support if you become terminally ill.	✖	✔	✔
Quitclaim Deed Used to transfer your home into your Trust.	✖	✔	✔
Homestead This is to protect up to $550,000 of equity in your primary residence against creditors.	✖	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 3 business days. Standard processing is 5-7 business days.	✖	✖	✔

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PROPERTY DEEDS Quitclaim Deed Grant, Bargain, and Sale Deed Deed Upon Death Warranty Deed	Basic $169.00 + state fees	Basic Plus+ $258.00 + state fees	Expedited Service $358.00 + state fees
Title Research We research the title, legal description and parcel number of your deed with the county assessor/recorder.	✔	✔	✔
Deed Preparation We prepare your deed and any supplemental documents the county assessor/recorder may require.	✔	✔	✔
Recording Your Document(s) We record your deed with the county recorder.	✔	✔	✔
Declaration of Homestead Preparation (Nevada only) A homestead declaration protects a person’s home from being seized and sold in the event a money judgment is entered against him/her by a court. When you record a Declaration of Homestead, Nevada law protects the equity in your home up to $550,000 from general creditor claims (unpaid medical bills, bankruptcy, charge card debts, business/personal loans, accidents).	✖	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✖	✔
Expedited Recording with the County Recorder If the county recorder allows e-filing, we will electronically e-file your deed then email you a confirmation of the submission within 1 business day of receiving your signed documents. If the county recorder does not allow for e-filing, we will overnight your deed to the county recorder and email you confirmation of receipt. County recording time periods may vary.	✖	✖	✔

Preparation Services	Preparation	Court Fees and Runner Service	Total
Stepparent Adoption for a Minor(s) *Price is for one (1) child, any additional child(ren) is $150.00 per child.	*$450.00	$238.00/$75.00	$763.00
Adoption of an Adult	$450.00	$238.00/$75.00	$763.00
Our services includes the preparation of all documents required by Family Court. You just pay the preparation service to start, then you can pay the balance upon filing in court.

Type	Preparation	Court Filing Fee and Runner Service	Publication Fee	Total
Name Change for a Minor	$499.00	$350.00	$125.00	$974.00
Name Change for an Adult	$425.00	$350.00	$125.00	$900.00
Name Change for a Family (surname)	$599.00	$350.00	$125.00	$1074.00
Our services includes the preparation of all documents required by Family Court. You just pay the preparation service to start, then you can pay the balance upon filing in court.

Preparation Services	Preparation	Court Fees and Runner Service	Total
Guardianship for a Minor(s) *Price is for one (1) child, any additional child(ren) is $150.00 per child.	*$745.00	$5.00/$75.00	$825.00
Guardianship for an Adult	$745.00	$5.00/$75.00	$825.00
Our services includes the preparation of all documents required by Family Court. You just pay the preparation service to start, then you can pay the balance upon filing in court. There are reports required by court annually if there is an estate involved in the Guardianship.

Preparation Services	Type
	Summons	Publication
No Minor Child(ren) – No Community Property/Debt	$425.00	$725.00
Our services includes the preparation of all documents required by Family Court. You just pay the preparation service to start, then you can pay the balance upon filing in court.

Fees	Court Filing Fee/ Court Runner Fee	Process Server Fee	Publication Fee
Annulment by Summons	$269.00/$75.00	*$250.00	N/A
Annulment by Publication	$269.00/$75.00	*$250.00	$125.00
*Process Service starts at $250.00 in the State of Nevada and $350.00 out of the State of Nevada. This cost can increase depending what information the process server obtains. If we have to attempt service on multiple addresses, the cost will increase. We keep you posted on each process service attempt.

			Best Value
POWERS OF ATTORNEY Power of Attorney for Medical Decisions Power of Attorney for Financial Matters	Basic $54.00	Comprehensive $147.00	Expedited Comprehensive $197.00
Power of Attorney for Financial Matters A Durable Power of Attorney for Financial Matters is usually used to allow your agent/attorney-in-fact to handle all of your financial affairs when you are unable to handle them. If a power of attorney is durable, it remains valid and in effect even if you become incapacitated and unable to make decisions for yourself. If a power of attorney document does not explicitly say that the power is durable, it ends if you become incapacitated.	✔	✔	✔
Power of Attorney for Health Care Decisions A Medical Power of Attorney is a legal instrument that allows you to select the person that you want to make healthcare decisions for you if and when you become unable to make them for yourself. The person you pick is representative for purposes of healthcare decision-making.	✖	✔	✔
Living Will A Living Will is a document that explains whether you want to be kept on life support if you become terminally ill.	✖	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✖	✔

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LIENS Notice of Lien – Mechanic’s Lien Notice of Intent to Lien – Preliminary Notice Release of Lien	Basic $134.00 + state fees	Expedited Service $184.00 + state fees
Lien Preparation We prepare your lien/release.	✔	✔
Recording Your Document(s) We record your document with the county recorder.	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✔
Expedited Recording with the County Recorder If the county recorder allows e-filing, we will electronically e-file your deed then email you a confirmation of the submission within 1 business day of receiving your signed documents. If the county recorder does not allow for e-filing, we will overnight your deed to the county recorder and email you confirmation of receipt. County recording time periods may vary.	✖	✔

		Most Popular
LAST WILL & TESTAMENT (Does Not Avoid Probate)	Basic Single Person $89.00 Couple/Married $169.00	Comprehensive Single Person $225.00 Couple/Married $325.00	Expedited Comprehensive Single Person $275.00 Couple/Married $375.00
Last Will & Testament When making a Will you need to consider who will be named as your personal representative or executor to administer your estate, who you will name as guardian and trustee of minor children if your spouse does not survive you and who will receive your property. The person appointed as executor or administrator is often your spouse (if married), but you should also name an alternate, in case your spouse predeceases you. The person you name should be a person you can trust and who will get along with the beneficiaries named in the Will.	✔	✔	✔
Power of Attorney for Financial Matters A Durable Power of Attorney for Financial Matters is usually used to allow your agent/attorney-in-fact to handle all of your financial affairs when you are unable to handle them. If a power of attorney is durable, it remains valid and in effect even if you become incapacitated and unable to make decisions for yourself. If a power of attorney document does not explicitly say that the power is durable, it ends if you become incapacitated.	✖	✔	✔
Power of Attorney for Health Care Decisions A Medical Power of Attorney is a legal instrument that allows you to select the person that you want to make healthcare decisions for you if and when you become unable to make them for yourself. The person you pick is representative for purposes of healthcare decision-making.	✖	✔	✔
Living Will A Living Will is a document that explains whether you want to be kept on life support if you become terminally ill.	✖	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✖	✔

		Most Popular
DECLARATION OF HOMESTEAD	Basic $134.00 + state fees	Expedited Service $184.00 + state fees
Homestead Declaration A homestead declaration protects a person’s home from being seized and sold in the event a money judgment is entered against him/her by a court. When you record a Declaration of Homestead, Nevada law protects the equity in your home up to $550,000 from general creditor claims (unpaid medical bills, bankruptcy, charge card debts, business/personal loans, accidents).	✔	✔
Recording Your Document(s) We record your document with the county recorder.	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✔
Expedited Recording with the County Recorder If the county recorder allows e-filing, we will electronically e-file your deed then email you a confirmation of the submission within 1 business day of receiving your signed documents. If the county recorder does not allow for e-filing, we will overnight your deed to the county recorder and email you confirmation of receipt. County recording time periods may vary.	✖	✔

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CERTIFICATE	Basic $134.00 + state fees	Expedited Service $184.00 + state fees
Certificate of Incumbency A certificate of incumbency is filed with the recording office in the county where the estate is located, accompanied by a certified copy of the death certificate, for the successor trustee or remaining living trustee to assume sole control of the trust after an initial trustee dies.	✔	✔
Recording Your Document(s) We record your document with the county recorder.	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✔
Expedited Recording with the County Recorder If the county recorder allows e-filing, we will electronically e-file your deed then email you a confirmation of the submission within 1 business day of receiving your signed documents. If the county recorder does not allow for e-filing, we will overnight your deed to the county recorder and email you confirmation of receipt. County recording time periods may vary.	✖	✔

		Most Popular
Affidavit Terminating Joint Tenancy Affidavit Terminating Community Property Death of Grantor Affidavit	Basic $134.00 + state fees	Expedited Service $184.00 + state fees
Affidavit Preparation We prepare your affidavit.	✔	✔
Recording Your Document(s) We record your document with the county recorder.	✔	✔
Expedited Document Preparation We will prepare your documents and email them to you for your review and signature(s) within 1 business day. Standard processing is 3-5 business days.	✖	✔
Expedited Recording with the County Recorder If the county recorder allows e-filing, we will electronically e-file your deed then email you a confirmation of the submission within 1 business day of receiving your signed documents. If the county recorder does not allow for e-filing, we will overnight your deed to the county recorder and email you confirmation of receipt. County recording time periods may vary.	✖	✔

Revocable Living Trusts Service Prices
Single/Unmarried Person	$595.00 (plus recording fees)
Living Trust – Couple	$745.00 (plus recording fees)
Our Revocable Living Trust Package Includes:
Certificate of Trust Agreement	This is a brief summary of your Declaration of Trust, designed to be copied and provided to financial institutions and other persons or entities which may need to verify the existence of your trust.
Trust Agreement	This is a revocable and amendable arrangement by which a person declares himself/herself trustee of his/her own assets and specifies how the trust assets are to be administered and distributed. One of the principal purposes of the Trust is to distribute the Trust property upon death without the expenses and delays associated with probate.
Schedule “A”	Is a general listing of your property and should include your savings/checking account numbers and location, as well as the amount of your insurance policies, name of insurance company, policy number and location. This gives your successor Trustee an invaluable reference as to where the trust assets are located in the event of your death or incapacity.
Schedule “B”	Is designed to list your beneficiaries.
Schedule “C”	Is to list the percentage each beneficiary will receive of the trust estate.
Schedule “D”	Is to formally appoint a successor trustee of your trust in the event you become incapacitated or upon your death.
Schedule “E”	Is to formally appoint an alternate successor trustee (optional).
Pour Over Will	A Pour Over Will is an integral part of the Revocable Living Trust and supersedes all previous wills. The Pour Over Will transfers to your trust any assets left out of it during your lifetime, either due to inadvertence or neglect. It acts as a “safety net” to catch assets which are not transferred to the trust, and it serves to avoid litigation by underscoring the validity of the trust and your desire to have your property distributed under its terms.
Financial Power of Attorney	This document authorizes the person(s) of your choice to make financial decisions on your behalf in the event you are unable to do so yourself.
Medical Power of Attorney	This document authorizes the person(s) of your choice to make health care decisions on your behalf in the event you are unable to do so yourself.
Nevada Living Will Declaration	This document expressly indicates your desire that you not be maintained on life-support equipment in the event it is determined by a Physician that death is imminent due to an incurable disease, illness or injury, and expresses your wish that you be permitted to die a natural death with dignity.
Quitclaim Deed	Used to transfer your home into your Trust.
Homestead	This is to protect up to $550,000 of equity in your primary residence against creditors.

Type of Trust		Single Person	Couple / Married
Revocable Trust	Used to avoid the time and cost of probate.	$595.00	$745.00
Irrevocable Trust	Used for asset protection in which the trust terms cannot be modified, amended, or terminated without the permission of the beneficiary(ies).	$1500.00	$1750.00
Special Needs Trust	Used to provide funds for someone with a disability, while preserving their eligibility for any governmental benefits.	$395.00
Separate Property Trust	Used to help spouses protect their assets from each other’s creditors and unforseen circumstances.	$595.00

Probate Preparation Services	Price	Court Filing Fee	Timeline
Set Aside Administration Estates Less Than $100,000	*$1,500	$283.00	approx. 3 months
Summary Administration Estates Between $100,000 and $300,000	*$3,800	$283.00	approx. 5-7 months
General Administration Estates Over $300,000	*$4,300	$283.00	approx. 7-9 months

Additional Services	Price
Probate Research	$125.00 hr.
Administrator Deed	$150.00

Services	Bronze Service	Silver Service
Preparation and filing w/Secretary of State Articles of Incorporation	✔	✔
*Preparation and filing w/Secretary of State List of Officers/Directors	✔	✔
IRS – Employer Identification Number (EIN)	✔	✔
*Registered Agent Service	✔	✔
Standardized Do-It-Yourself Minutes and Bylaws	✔
Leatherette Record Book with Case	✔	✔
Company Embossed Seal	✔	✔
10 printed Membership Certificates	✔	✔
We prepare your Customized Minutes and Bylaws		✔
First Year Entity Tax Return		✔
Preparation and filing 501(c)(3) (short form) with the IRS (filing fees included)		✔
Includes all state fees Total	$599.00	$1125.00

Services	Bronze Service	Silver Service	Gold Service
Preparation and filing w/Secretary of State Articles of Incorporation	✔	✔	✔
*Preparation and filing w/Secretary of State List of Officers/Directors	✔	✔	✔
*State Business License	✔	✔	✔
Tax ID application (SS4)/S-Corp Election (2553)	✔	✔	✔
*Registered Agent Service	✔	✔	✔
First Year Entity Tax Return		✔	✔
Standardized Do-It-Yourself Minutes and Bylaws	✔
Leatherette Record Book with Case	✔	✔	✔
Company Embossed Seal	✔	✔	✔
10 printed Stock Certificates	✔	✔	✔
We prepare your Customized Minutes and Bylaws		✔
We prepare EXPANDED Customized Minutes and Bylaws. This level of documentation maximizes your corporation’s benefits with over 65 different resolutions.			✔
*Corporate Suite • Nevada physical corporate address for all your state/IRS documents. • Mail forwarding • Annual Meeting of the Directors and Shareholders This service is for those who want/need a level of privacy.			✔
Includes all state fees Total	$1024.00	$1224.00	$1824.00

Fees	Court Filing Fee and Court Runner Fee	Process Server Fee	Publication Fee
Termination of Parental Rights by Summons	$270.00/$75.00	*$250.00	N/A
Termination of Parental Rights by Publication	$270.00/$75.00	*$250.00	$125.00
*Process Service starts at $250.00 in the State of Nevada and $350.00 out of the State of Nevada. This cost can increase depending what information the process server obtains. If we have to attempt service on multiple addresses, the cost will increase. We keep you posted on each process service attempt.

Preparation Services	Type of Divorce / Separate Maintenance
Preparation Services	Joint Petition	Summons	Publication
No Minor Child(ren) – No Community Property/Debt	$250.00	$425.00	$725.00
No Minor Child(ren) – With Community Property/Debt	$425.00	$525.00	$825.00
With Minor Child(ren) – No Community Property/Debt	$425.00	$525.00	$825.00
With Minor Child(ren) – With Community Property/Debt	$525.00	$625.00	$925.00

Fees	Court Filing Fee/ Court Runner Fee	Process Server Fee	Publication Fee
Joint Petition for Divorce	$299.00/$75.00
Divorce by Summons	$299.00/$75.00	*$250.00
Divorce by Publication	$299.00/$75.00	*$250.00	$125.00
*Process Service starts at $250.00 in the State of Nevada and $350.00 out of the State of Nevada. This cost can increase depending what information the process server obtains. If we have to attempt service on multiple addresses, the cost will increase. We keep you posted on each process service attempt.