Limited Liability Company Formation in Nevada

Selecting a business entity for a new company is a big decision, one that requires an understanding of the advantages and disadvantages of all options. At The Schwartz Law Firm in Las Vegas, Nevada, our attorneys help clients learn about and choose the best entities for their businesses.

One of the most popular business organizations is the limited liability company, or LLC. This type of business entity is particularly appropriate for real estate holding companies and other small businesses. It includes many of the characteristics of corporations and other business entities such as partnerships and sole proprietorships — all in one package.

Advantages of an LLC

Our lawyers advise clients about the advantages of LLC formation, including:

  • Taxes: If the operating agreement is correctly drafted, an LLC will be taxed as a partnership rather than a corporation, a big advantage to the business;
  • Liability: By protecting owners from liability, this form of business entity provides asset protection for the company’s owners and employees;
  • Capital: An LLC makes it easy for a business to raise money by adding new members or investors;
  • Operating requirements: The laws governing LLCs make it easy to run a company. The business is not required to follow strict rules about resolutions, amendments, meeting minutes and annual board meetings;
  • Flexibility: Members can be individuals, partnerships, other corporations or all of the above. There is no limit on the number of members (shareholders). Our lawyers will discuss other advantages provided by an LLC’s flexibility; and
  • Duration: An LLC is often a good choice for holding assets such as real estate. The entity can be automatically dissolved in a manner specified by its operating agreement, such as a sale of assets.

Contact Our Las Vegas Law Firm

At The Schwartz Law Firm, we will assess your unique financial situation, ask the right questions and explain the legal and financial alternatives available in clear and understandable language. Contact us to learn more about incorporation as an LLC.

We have Spanish-speaking staff to assist those who communicate best in Spanish.