Nevada Reports Record Business Filing Revenue in July

Nevada Secretary of State Aguilar announced that revenue from business filings in July 2025 exceeded $20 million. This represents a 25% increase from July 2024. The office reported a $3.3 million increase compared to the previous fiscal year, with total revenue for fiscal year 2025 reaching $218 million.

In July, the Secretary of State's Office recorded 7,435 new business formations and 35,160 business renewals, for a total of 42,595 filings. As of July 31, 2025, the number of active registered businesses in Nevada stood at 446,429.

Factors contributing to this activity include the absence of state corporate or personal income taxes, streamlined online filing processes, asset protection measures, owner privacy provisions, and incentives for sectors such as technology and renewable energy. New business formations increased by 8% year-over-year.

Nevada ranks 9th in the U.S. for per capita business applications. In WalletHub's 2025 rankings, Nevada takes 3rd place for small business growth, just behind Idaho and Utah. For overall business climate, CNBC places Nevada in the middle of the pack, trailing states like North Carolina, Texas, and Florida.