Go to Why Nevada Home Page
spacer

Legal Advantages: LLC

  • The charging order is the sole remedy of the creditor of a member, preventing foreclosure of the membership interest and protecting other members from adverse economic impacts.  NRS 86.401
  • Professional LLCs are allowed. NRS 89.040
  • Series LLCs are allowed. NRS 86.1255, NRS 86.161(1)(e)
  • Indemnification of members or managers of LLCs has been increased to offer greater statutory separation between the entity and the individual. NRS 86.411 - 86.451
  • Operating agreements adopted after filing the articles may be enforced. NRS 86.286
  • Non-economic members may bring an action on behalf of the LLC. NRS 86.483
  • Perpetual life of an LLC is allowed.  NRS 86.155
Source: http://www.leg.state.nv.us/
Nevada Secretary of State, Ross Miller.  Copyright 2009. All rights reserved. Terms of Use