Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 86.141. Purpose for organization; prohibition against organization of limited-liability company for certain illegal purposes

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.

2. A limited-liability company may not be organized for the purpose of insurance unless approved to do so by the Commissioner of Insurance.