86.201 - Commencement of organizational existence.
86.201 Commencement of organizational existence.
1. A limited-liability company is considered legally organized pursuant to this chapter upon:
(a) Filing the articles of organization with the Secretary of State or upon a later date specified in the articles of organization; and
(b) Paying the required filing fees to the Secretary of State.
2. A limited-liability company must not transact business or incur indebtedness, except that which is incidental to its organization or to obtaining subscriptions for or payment of contributions, until the company is considered legally organized pursuant to subsection 1.
3. A limited-liability company is an entity distinct from its managers and members.
(Added to NRS by 1991, 1294; A 1993, 1014; 1995, 1127, 2108; 2001, 1388, 3199; 2007, 2424, 2670)