The Pros And Cons Of Series LLCs

Law360, New York (November 16, 2015, 3:30 PM EST) -- A series limited liability company is an entity structure permitted in certain states that allows for the formation of multiple segregated LLCs (or series) under the umbrella of a single "master" LLC. Generally, in the states in which they are recognized, these series LLCs are viewed as segregated entities that are permitted to have separate managers and members, distinct assets and individual operating agreements, and which can incur separate liabilities. However, the series LLC is still viewed from the states' perspective as a single entity for filing and reporting purposes....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Read the full article

Already a subscriber? Click here to login