Monday, November 9, 2009

IMPORTANCE OF ENTITY PROTECTION – LIMITED PERSONAL LIABILITY-TYPES OF PROTECTION

IMPORTANCE OF ENTITY PROTECTION – LIMITED PERSONAL LIABILITY

TYPES OF PROTECTION AND THE IMPORTANCE OF YOUR NEVADA BUSINESS LAWYER

Limited Liability Companies (LLC) (continued)

In Nevada, articles of organization must be filed with the Secretary of State to prove the existence of the LLC. These articles must set forth the name of the LLC, the name and address of each of its members, the name and address of one or more of the managers (if any), a statement setting forth the relative rights, powers and duties of each member, or an indication that the relative rights, duties and powers will be set forth in the operating agreement of the company. In general, the operating agreement need not be filed with the Secretary of State. Prior to making any decision regarding the formation of an LLC we highly recommend that you contact a Nevada business lawyer to ensure that your rights are protected and that the entity you choose best suits your business goals.


Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.

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