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LLC Series
Some state have created a program that allows cells inside an umbrella LLC establishing
separate liabilities, managers, profits, etc. These statutes allow an organization that desires, for
example, to hold a number of rental properties, or other businesses, to set up just one company.
In the past, placing a number of businesses or properties in one organization did not allow for
separate liabilities for each, and was an unsatisfactory means for holding businesses or property
if one was seeking asset protection. If one entity suffered substantial liabilities, the remaining
entities within the organization would be vulnerable to an adverse judgment. The only way to get
around this issue was to form multiple LLCs. (One for each property or business) with the
attendant multiple and repetitive expenses.
Now, with a Series LLC, one may form a single LLC with separate cells for each entity or
property. This will then result in substantial savings in the form of :
1. One filing and formation fee
2. One annual resident agent fee
3. One tax return.
Each series or cell would have its own liabilities and expenses and neither the umbrella LLC nor
the other cells in the series would be liable for the debts and expenses of the others. Thus, you
will receive asset protection for each separate property or business without multiple formation
expense.
Order Series LLC today.
Some state have created a program that allows cells inside an umbrella LLC establishing
separate liabilities, managers, profits, etc. These statutes allow an organization that desires, for
example, to hold a number of rental properties, or other businesses, to set up just one company.
In the past, placing a number of businesses or properties in one organization did not allow for
separate liabilities for each, and was an unsatisfactory means for holding businesses or property
if one was seeking asset protection. If one entity suffered substantial liabilities, the remaining
entities within the organization would be vulnerable to an adverse judgment. The only way to get
around this issue was to form multiple LLCs. (One for each property or business) with the
attendant multiple and repetitive expenses.
Now, with a Series LLC, one may form a single LLC with separate cells for each entity or
property. This will then result in substantial savings in the form of :
1. One filing and formation fee
2. One annual resident agent fee
3. One tax return.
Each series or cell would have its own liabilities and expenses and neither the umbrella LLC nor
the other cells in the series would be liable for the debts and expenses of the others. Thus, you
will receive asset protection for each separate property or business without multiple formation
expense.
Order Series LLC today.