Nev. Rev. Stat. » NRS: CHAPTER 86 - LIMITED-LIABILITY COMPANIES

Nev. Rev. Stat. § 86.201

Commencement of organizational existence

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NRS 86.201  Commencement of organizational existence.

      1.  A limited-liability company is considered legally organized pursuant to this chapter:

      (a) At the time of the filing of the articles of organization with the Secretary of State; and

      (b) Upon paying the required filing fees to the Secretary of State.

      2.  A limited-liability company must not transact business or incur indebtedness, except that which is incidental to its organization or to obtaining subscriptions for or payment of contributions, until the company is considered legally organized pursuant to subsection 1.

      3.  A limited-liability company is an entity distinct from its managers and members.

      (Added to NRS by 1991, 1294; A 1993, 1014; 1995, 1127, 2108; 2001, 1388, 3199; 2007, 2424, 2670; 2011, 2798; 2015, 3239)

     

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2012–2025 · leading case: Weddell v. H2O, INC.
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Weddell v. H2O, INC. (2012) nev “151; NRS 86.201. An LLC may, but is not required to, adopt an operating agreement, NRS 86.”
Robin Linus Lehner and Donya Tina Lehner v. Aliya Growth Fund LLC – Series X (2025) nvd · cites it 3× “§ 18-101(10); Nev. Rev. Stat. § 86.201 (3) (“A limited-liability company is an entity distinct from its managers and members.”
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