Nevada (87A) Withdrawal of a Limited-Liability Limited Partnership (NRS CHAPTER87A) is a legal process that allows a limited partner to formally withdraw from a limited liability limited partnership (LL LP) in the state of Nevada. The process involves filing a withdrawal notice with the Nevada Secretary of State, and it can be done without the other partners’ consent. Once the withdrawal is approved, the withdrawing partner will no longer be liable for any debts or liabilities of the LL LP, or have any further interest in the LL LP. There are two types of Nevada (87A) Withdrawal of a Limited-Liability Limited Partnership (NRS CHAPTER87A): voluntary withdrawal and involuntary withdrawal. Voluntary withdrawal is when a limited partner voluntarily decides to withdraw from the LL LP, while involuntary withdrawal is when the limited partner is forced to withdraw due to certain conditions, such as death or bankruptcy.
Nevada (87A) Withdrawal of a Limited-Liability Limited Partnership(NRS CHAPTER87A)
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