A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, so you should read the relevant state statutes if you are interested in forming an LLC.

Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit single-member LLCs—those having only one owner.

A few types of businesses generally cannot be LLCs, such as banks and insurance companies. Check your state’s requirements and the federal tax regulations for additional information. There are special rules for foreign LLCs.

In Nebraska, a Limited Liability Company (LLC) is a popular business structure due to its flexibility and protection for its members against personal liabilities. The Nebraska Revised Statute, specifically Chapter 21, outlines the regulations for forming and operating an LLC in the state. Nebraska does not restrict ownership, which means that individuals, corporations, other LLCs, and foreign entities can be members of an LLC. There is no limit to the number of members an LLC can have, and Nebraska allows for the creation of single-member LLCs. However, certain types of businesses, such as banks and insurance companies, may not be eligible to form an LLC in Nebraska. Those interested in forming an LLC in Nebraska should also consider federal tax regulations, as they will affect the LLC's taxation. Additionally, foreign LLCs that wish to operate in Nebraska must comply with specific registration requirements set forth by the state.