Nebraska Revised Statute 21-104
Chapter 21
21-104.
Nature, purpose and duration of limited liability company; classification for tax purposes.
(RULLCA 104) (a) A limited liability company is an entity distinct from its members.
(b) A limited liability company may have any lawful purpose, except that a limited liability company may not operate as an insurer as defined in section 44-103.
(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.
Annotations
Because a limited liability company is an entity distinct from its members, any personal injuries suffered by a member of such a company are not personal injuries suffered by the company. Alpha Wealth Advisors v. Cook, 313 Neb. 237, 983 N.W.2d 526 (2023).