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Nevada Limited Liability Company Act

The Nevada Limited Liability Company Act set laws outlined in Chapter 86 of Nevada state legislature. These laws pertain to the registering, creation, operation and liabilities of LLCs in the state of Nevada.

  1. Organization

    • The Nevada Limited Liability Company Act requires some documentation when a company registers as an LLC. The organization must include the purpose for the company, perpetual existence, Articles of Organization and company name. Once these filing requirements are complete, the company can make amendments to these documents at any time.

    Operation

    • Nevada's Limited Liability Company Act set regulations regarding the operation of LLCs. This act outlines the general powers of the company, an operating agreement, limitations on authority and distribution of profits.

    Liability

    • The Nevada Limited Liability Company Act set laws regarding the liability of individuals acting as a company, managers of companies and owners of companies.

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