A Nevada Professional Limited Liability Company (NRS CHAPTER89) is a type of business entity that is registered with the State of Nevada and that offers its members limited liability protection from personal liability for debts and obligations of the business. Unlike other LCS, a Nevada Professional Limited Liability Company (NRS CHAPTER89) is specifically designed for professionals, such as physicians, attorneys, and accountants, who are engaged in the practice of a profession. This type of LLC is governed by the provisions of the Nevada Revised Statutes (NRS) Chapter 89 and is subject to the regulations of the Nevada Secretary of State. There are two types of Nevada Professional Limited Liability Companies (NRS CHAPTER89): Professional Corporations and Professional Limited Liability Companies. Professional Corporations are organized under NRS Chapter 78 and Professional Limited Liability Companies are organized under NRS Chapter 86. Both provide their members with limited liability protection from their business’s debts and obligations.
Nevada Professional Limited-Liability Company(NRS CHAPTER89)
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FAQ
The Nevada Limited Liability Company Act outlines the filing requirements for forming an LLC in the state of Nevada. Under this act, an LLC must file articles of organization with the Nevada Secretary of State to conduct business as an independent legal entity.
During a judicial dissolution of an LLC, the law states that a District Court can decree dissolution of an LLC whenever the circumstances dictate that it is not reasonably practicable to continue the company's business in line with either its articles of organization or operating agreement.
Nevada authorizes ?incorporators? to file the Articles of Incorporation for Nevada professional corporations and requires incorporators to be licensed to perform the professional service offered by the PC. Nevada requires the Articles of Incorporation for a Nevada PC to contain: The name of the PC.
Defining a Nevada PLLC Professional business people can form a Nevada PLLC if they offer services in the state. An LLC, or a business with at least one person, is registered in the state. These individuals, called LLC members, own the business.
Professional corporations (PCs) are specialized entities organized and operated solely by licensed professionals such as attorneys, accountants and doctors. Unlike a business corporation, the officers, directors, and shareholders are generally all required to be licensed professionals.
A Nevada professional limited liability company ? also known as a PLLC ? is formed to provide licensed professional services. PLLCs require state registration and have one or more members who are also owners of the business.
A professional limited liability company (PLLC) is a type of LLC that provides state-licensed services, such as law or medicine. Forming a PLLC is a way for licensed professionals to protect themselves from liability. To form a PLLC in Nevada, you'll need to file PLLC Articles of Organization.
