Will a Series LLC Work for You?
A few states now permit companies to form a business structure known as a series LLC. This type of Limited Liability Company (LLC) can have multiple series, or groups, of members, managers, or LLC interests. In theory, an LLC can use each series to hold a separate asset, like property. A series LLC say allows a company to separate and protect multiple assets without forming more than one company.
Start Protecting Your Assets Now
The Company Corporation can help customers register a series LLC in Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee, and Utah. Please contact one of our Business Specialists at 800-818-6082 (toll-free) or 302-636-5440 to place an order.
Because the federal tax consequences and legal implications of a series LLC remain uncertain, we recommend that customers consult qualified legal and tax professionals for help managing their series LLC.
Advantages of a Series LLC
- Reduces cost by forming only one business at the state level
- May protect assets held by one series from judgments against another series
- Often used to hold real estate or intangible assets
Not Ready to Form Your LLC?
- Try our Business Startup Wizard to learn what others in your state and industry have done.
- Download our Free 10-Step Business Formation Guide.
- Get more details about forming a corporation or LLC in our Small Business Resources, or check out another service.
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