Sole Proprietorships are not required to file formation documents with the Secretary of State's office. Business personal property is taxable whether it is owned, leased, rented, loaned, or otherwise made available to the business.The actual location of the property must be reported and listed separately for each individual location. According to Nevada Revised Statutes, all property that is not defined or taxed as "real estate" or "real property" is considered to be "personal property.". While Nevada does not require you to list an owner when filing an LLC, they do require you to list a manager or managing member for the LLC. In Nevada, property taxes are based on "assessed value. Using your assumed business name and EIN, set up a bank account to keep your business and personal finances separate. Where can I get assistance in completing the business personal property declaration? Like most businesses the casinos are regulated and have to answer to certain regulatory boards.