The Nevada (87A) Amendment to Limited-Liability Limited Partnership (NRS CHAPTER87A) is a legal framework that allows for the formation of a limited liability limited partnership (LL LP) in the state of Nevada. An LL LP is a type of business entity that combines the limited liability of a corporation with the tax benefits of a traditional partnership. The Amendment outlines the requirements for the formation of an LL LP in Nevada, including the filing of an article of amendment and the payment of a filing fee. It also outlines the rights and responsibilities of partners in an LL LP, including the management of the partnership, the distribution of profits, and the dissolution of the partnership. The Nevada 87A Amendment also allows for the creation of multiple classes of partners with different rights; this is often used for venture capital investments, where each class of partners has different rights in terms of voting, profit share, and management oversight. Finally, the Amendment also establishes rules for the transfer of partnership interests, including restrictions on the transfer of interests to non-partners.