Neb. Rev. Stat. » Chapter 21
Nebraska Revised Statutes

Neb. Rev. Stat. § 21-104 (2026)

Nature, purpose and duration of limited liability company; classification for tax purposes

✓ current as of July 2026
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(RULLCA 104) (a) A limited liability company is an entity distinct from its members.

(b) A limited liability company may have any lawful purpose, except that a limited liability company may not operate as an insurer as defined in section 44-103.

(c) A limited liability company has perpetual duration.

(d) A limited liability company shall be classified for state income tax purposes in the same manner as it is classified for federal income tax purposes.

Notes of Decisions
Cited in 4 cases (2 in the last 5 years), 2015–2023 · leading case: Steinhausen v. HomeServices of Neb., 289 Neb. 927 (Neb. 2015).
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Steinhausen v. HomeServices of Neb., 289 Neb. 927 (Neb. 2015). · cites it 2× “19 Neb. Rev. Stat. § 21-104 (a) (Reissue 2012).”
Alpha Wealth Advisors v. Cook, 983 N.W.2d 526 (Neb. 2023). · cites it 2× “Under Neb. Rev. Stat. § 21-104 (a) (Reissue 2022), a limited liability company is an entity distinct from its members.”
NRS Props. v. Lakers (Neb. Ct. App. 2020). · cites it 2× “Neb. Rev. Stat. § 21-104 (Cum. Supp. 2018).”
Akins v. Al-Aboudy (Neb. Ct. App. 2023). · cites it 2× “See Neb. Rev. Stat. § 21-104 (Cum. Supp. 2022).”
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