Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes.

Nev. Rev. Stat. § 86.141
in effect
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1. Except as otherwise provided in subsection 2, a limited-liability company may be organized under this chapter for any lawful purpose. A person shall not organize a limited-liability company for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency. 2. A limited-liability company may not be organized for the purpose of insurance unless approved to do so by the Commissioner of Insurance.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-086.htmlFetched: 10/4/2026

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