Understanding the Series LLC

If you are in the process of starting your own business, you may want to consider the series limited liability company, also known as the series LLC. The series LLC is organized like a corporation with several subsidiaries.

There are currently seven states where a series LLC can be formed:

• Delaware
• Iowa
• Illinois
• Nevada
• Oklahoma
• Tennessee
• Utah

In theory, only assets owned by a particular LLC of the series would be subject to the claims against the particular LLC in the series.  A series LLC is definitely a planning tool for future company growth. Complex business arrangements may benefit from the establishment of a series LLC.

If you are in need of a series LLC document preparation service, contact MyLegalEdge.com or call us at 1-888-770-7198.