The State of Nevada has joined a growing number of states which permits the formation of a “Series LLC.” A “Series LLC” is authorized by NRS 86.296. The use of a “Series LLC” can be of great financial benefit to those of us who have multiple assets, particularly multiple pieces of real estate. The LLC in Nevada provides some of the strongest asset protection in the United States. Like most states, Nevada limits the creditor of a member (owner) to a charging order against the profits of the LLC. Pursuant to the terms of the charging order, the judgment creditor is permitted ...
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The limited liability company (LLC) is a relatively new business entity. It was first used in Wyoming around 1975. It wasn’t until twenty years later that the LLC was recognized as a distinct business entity in all fifty states. The LLC is a versatile business entity. It may be formed in a number of ways. It may also be taxed in different ways. Most LLCs have one or more members [owners] and one or more managers. An LLC formed in this manner is called a “manager-managed multi-member LLC.” In this LLC, the manager is the individual or entity which manages the LLC. The ...
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File your Nevada Corporation online with us!!! These words, or words similar to these, appear online hundreds, if not thousands, of times. The owners of those sites make it sound so easy. All you have to do is spend 5 to 10 minutes of your time and they’ll do the rest. It sounds good. You’re thinking: I just opened my business and I need a business structure in which to conduct my business. It won’t take much time, it doesn’t cost very much and then I’ll have my asset protection. So you decide to take the plunge and you file online ...
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