Nebraska Statutes 21-104. Nature, purpose and duration of limited liability company; classification for tax purposes
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(RULLCA 104) (a) A limited liability company is an entity distinct from its members.
Terms Used In Nebraska Statutes 21-104
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Company shall: include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(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.