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.