{"data":{"id":"us-nv/nrs-86.141","jurisdiction":"us-nv","citation":"NRS 86.141","heading":"Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes.","body":"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.\n2. A limited-liability company may not be organized for the purpose of insurance unless approved to do so by the Commissioner of Insurance.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 86 - LIMITED-LIABILITY COMPANIES","ORGANIZATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-086.html#NRS086Sec141","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"200709bbc29b197286a8587802bdc2f3ea818e1c38bdee489d02ff0b58b8362e","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-86.138","next":"us-nv/nrs-86.151"},"notice":"GroundRules: Original legal text. Not legal advice."}