The Nevis Limited Liability Company (LLC)

Governed by the Nevis Limited Liability Company Ordinance, 1995, the Nevis LLC is a business entity that provides an alternative for those who might consider using corporations or partnerships.

Characteristics

Management of LLCs may be accomplished by the members or by managers designated by the members. The members of the LLC may be individuals or business entities of any nationality or domicile. On the other hand, single member LLCs are permitted. Members are not liable for obligations of the company and, if desired, members may assign their interests to other parties unless otherwise restricted.

The company's records may be located anywhere in the world and no annual or other reports by members are required to be filed in Nevis. No taxes are levied in Nevis on assets or income originating outside of Nevis.

LLCs may have limited life. They may also amend their Articles of Organization, or merge or consolidate with other LLCs or other business entities. Redomiciliation of an LLC is permitted in Nevis.

Advantages

• The owners can participate in management without becoming personally liable for the company's debts;
• LLCs provide a mechanism by which managers can limit the authority of non-managing members;
• There is no limitation on the number of members;
• LLCs face no stock limitations and can issue preferred interests analogous to preferred stock corporations;
• The ownership of the LLC has no limitations.