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2009 Nebraska Code
Chapter 21 CORPORATIONS AND OTHER COMPANIES
21-104 Nature, purpose and duration of limited liability company; classification for tax purposes.

21-104. Nature, purpose and duration of limited liability company; classification for tax purposes.

(ULLCA 104) (a) A limited liability company is an entity distinct from its members.

(b) A limited liability company may have any lawful purpose.

(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.

Source
    Laws 2010, LB888, ยง 4.
    Operative Date: January 1, 2011



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