Nevada LLC Operating Agreement
The Nevada LLC Operating Agreement is the core document that is referred to when issues
concerning a Nevada limited liability company (“LLC”) need to be resolved.
The LLC
Operating Agreement is the most important document for your Nevada LLC.
In the case of a single member LLC, without the formality
of an LLC Operating Agreement, the LLC can closely resemble
a sole proprietorship, which does not limit your personal
liability for business debts of the LLC.
With respect to a multi-member LLC, the LLC Operating Agreement reflects the agreement among the members with
respect to the affairs and management of the LLC and governs
the relationship amongst the members of the LLC. By having
an LLC Operating Agreement, the members will be provided
with a clear set of rules that all members have agreed upon
greatly reducing the likelihood of disagreement between
them in the future. A LLC Operating Agreement will also
greatly reduce financial and management misunderstandings,
and make sure your business is governed by your own rules
-- not default rules created by the state of Nevada.
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Whether your LLC
will have one or more members, will be managed by its members
or by elected managers, or will be granting one or more
members an interest in the LLC for the performance of services,
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agreement tailored to the needs of your business.
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Nevada LLC.
The LLC operating agreement does not have to be filed with any state agency.
All states, including the state of Nevada will enforce valid
operating agreements entered into among LLC members. The
operating agreement will only be enforced against the persons
who are parties to the agreement. Therefore, it is extremely
important that all members of an LLC sign the operating
agreement.
Your Nevada
Limited Liability Company
Nevada
is one the most popular states for forming LLCs. In general,
the benefits of forming a Nevada LLC are as follows: (i)
the absence of state tax, (ii) the simplicity in setting
up and managing LLCs, (iii) the universal eligibility, (iii)
the privacy benefits, asset protection facility and corporate
ownership, and (iv) the facility for same-day creation of
the LLC.
LLC Filing Office
Secretary
of State
New Filings Section
202 North Carson Street
Carson City, NV 89701
Tel: 775-684-5708
http://nvsos.gov/index.aspx?page=428
Check Name Availability
Entity or Franchise
Level Tax
Nevada
does not require partnerships, LLCs taxable as partnerships,
or disregarded single-member LLCs to pay a general net worth
tax based on net income.
State LLC Act
The
Nevada LLC Act is contained in Title 7, Chapter 86 of the
Nevada Statutes
The Nevada LLC Act
Important Statutory
Rules
LLC Management
An
LLC is managed by its members unless the Operating Agreement
states that the LLC is to be managed by one or more managers.
Admission of Members
No
statutory rule exists for the issuance of new interests
in the LLC. The Operating Agreement will govern how new
members are admitted to the LLC. Unless otherwise provided in the Operating Agreement,
the admission of a transferee as a member must be approved
by written consent of two-thirds of a majority-in-interest
of non-transferring members.
Amending the Operating Agreement
Unless
otherwise provided in the Operating Agreement, amendments
to the Operating Agreement must be approved by all the members.
Dissolution
Unless
otherwise specified in the Operating Agreement, approval
of all members is required to voluntarily dissolve the LLC.
GET A CUSTOMIZED NEVADA LLC
OPERATING AGREEMENT IN MINUTES
