International
Legal Services
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General information about
the State |
Nicknames: Silver State, Sagebrush State Population: 1,603,000 (38th place) Area: 110,567 sq miles (7th place) Admitted to Union: the 31st of October, 1864 Capital City: Carson City (population 50,400) Other cities: Las Vegas (425,000), Reno (165,000) |
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Possible names with
example of Alpha |
Alpha Limited Liability
Company Alpha Limited Company Alpha Limited Alpha L.L.C. Alpha LLC Alpha L.C. Alpha L.C. Alpha Limited Co. Alpha Limited Liability Co. |
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The minimum number of
members |
One |
Company management
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LLC is managed by its
members unless operating agreement or the articles state that LLC is to be
managed by one or more managers. If not otherwise provided in
the operating agreement or the articles, voting power is vested in members
according to their current capital account balances. No rule stated for
manager voting. Managers are elected by
members for terms according to rules set out in the LLC operating agreement. Operating agreement must be
in writing. When LLC has nominee members
an attorney is appointed to manage LLC on the basis of power of attorney. As
a rule, general power of attorney and a restricted one only for the purpose to
open bank account are issued by nominee members in favor of company’
beneficial owner or authorized persons. |
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Amendments to Articles
and Operating Agreement |
Unless otherwise provided by
the articles or operating agreement, amendments to operating agreement must
be approved by all members. |
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Withdrawal of Members |
Generally, a member may not
withdraw until the dissolution of the LLC, unless otherwise provided by law,
the articles or operating agreement. If not otherwise provided
in the operating agreement, a withdrawing member is entitled to receive the
fair value of the member’s interest within a reasonable time after
withdrawal. Vote to continue LLC after
dissociation of member not required. |
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Annual Report |
Each company should present annual
report to the Secretary of the State due on the date of registration of the
LLC. The annual report must contain the following information: ·
The name of the LLC; ·
The registered number
of the company (if known); ·
Names and positions of
all managers, or if there is no manager, all members-managers including their
postal or resident addresses.
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Taxation |
State tax treatment of the
company follows IRS classification for federal income tax. Sales tax – 6.5% |