Amendments to Nevada’s LLC and LP Acts

Thomas E. Rutledge (attorney, Louisville, KY) recently published his article entitled The Nevada Restricted LLC/LP: Damned If You Do and Damned If You Do, J. of Passthrough Entities, March-April 2010. 

Here is the abstract available on SSRN:

In 2009, Nevada adopted amendments to its limited liability company (LLC) and limited parternship (LP) acts providing for the elective status of a “restricted” LLC or LP. Ultimately, the use of a restricted LLC of LP in an estate plan entails significant uncertainty and consequent risk.