Nevada Withdrawal of Limited-Liability Partnership (NRS87.470) is a process that allows a partner to end their partnership with a limited liability partnership (LLP) in the state of Nevada. This process is governed by Nevada Revised Statute 87.470, which outlines the requirements and procedures for withdrawing from an LLP. The two types of Nevada Withdrawal of Limited-Liability Partnership are voluntary withdrawal and involuntary withdrawal. Voluntary withdrawal is when a partner decides to end their partnership with the LLP. The partner must submit a written notice of withdrawal to the other partners and the Department of Business and Industry. The notice must include the name of the withdrawing partner, the date of the withdrawal, and the reasons for the withdrawal. Involuntary withdrawal happens when a partner is expelled from the partnership by the other partners. This can happen if the partner is found to be in breach of the LLP agreement or if the partner is found to be acting in an illegal or fraudulent manner. The other partners must submit a written notice of expulsion to the Department of Business and Industry. The notice must include the name of the expelled partner, the date of the expulsion, and the reasons for the expulsion. Both types of withdrawals require the partner to pay any outstanding debts and liabilities to the LLP before the withdrawal is effective. The partner must also file a certificate of withdrawal with the Department of Business and Industry, which will officially dissolve the partnership.