A Non-Resident Limited Liability Company (NLLC) is a type of business entity that has been specifically established for the benefit of residents of Nebraska. In order to qualify as an NLLC, a business must incorporate in the state as a corporation and retain the services of a registered agent who serves as the state's designated agent in business. Once the business is established, all of its registered agents are responsible for the management and day-to-day operations of the business. The name of the NLLC, or National Limited Liability Company, also goes by different names depending on the state where it has been established.
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One particular name for NLLCs is corporations in common. In other words, all businesses formed in Nebraska must use this same name for their street address, the official name of the LLC, and even for the registered agent. Another way of saying it is a business that has incorporated in Nebraska. When it is time to set up the LLC, all registered agents must attend a meeting held by the Secretary of State. At this meeting, the secretary of state determines if the name presented is the appropriate name for the NLLC. If so, the business will be required to appear before the board of selectmen and complete the documentation required for formation.
It is also important for the NLLC to understand that they can only request to be treated as a corporation for the purposes of tax exemption and profit sharing if the forms they filed with the state are filled out correctly. Filing an application to become an NLLC does not relieve the business entity of any tax liability. All tax liabilities must still be paid regardless of whether the LLC is Formed in Nebraska or another state. If one is incorporating in Nebraska, he or she should obtain a copy of their latest federal tax return and file it with the state.
How To Form an LLC In Nebraska
One should always remember that when filing an actual Formal Notice of Intention, it is the duty of the LLC to provide the necessary documents that support their claim to Form a Limited Liability Company. Therefore, it is always a good idea to contact a qualified attorney before filing the Form. He or she can help provide insight as to whether a Nebraska limited liability company formation is right for the business. This is especially important because certain state requirements may require additional filing or reporting requirements.
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The second requirement that an LLC must meet in order to be valid is to file with the state and also to maintain a register of meetings. Failure to properly maintain this information will make it impossible to continue operation even if a Limited Liability Company has been duly filed. The operating agreement is the sole document that makes the LLC separate from its members. The operating agreement can also include the owner's name as well as address, phone number, email address and fax number.
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Another important requirement that a LLC must meet is to register with the Secretary of State. Every LLC that wishes to become registered with the state must first pay a filing fee. A successful filing includes an original application, statement of assets and liabilities, original and final copies of the operating agreement and the bylaws. The fee also covers furnishing an up-to-date list of all registered members of the LLC. If the LLC does not have a registered agent service to help maintain its filing status, it must pay for this service separately.
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Filing via mail also requires payment of a filing fee. In addition to the above-mentioned requirement, there is also a filing fee via the internet. The Nebraska Department of Financial Services must be consulted to determine which option is best for a LLC filing in Nebraska. Alternatively, the owner can seek advice from a licensed attorney who is registered with the state as an agent for the LLC. This type of advice can be obtained through the office of the Secretary of State, through a phone call or by visiting the web site of the Attorney General's Office.
The most common way to file for an LLC in Nebraska is via the internet. For this service, forms for the Nebraska registered agent are available at no cost. However, a fee is required if the applicant uses the services of a lawyer to prepare the forms. All fees are inclusive and non-refundable. The forms can be downloaded from the official website for an easy download.
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