Search results
In summary, the ability to establish Texas Series LLCs generally creates two types of potential benefits: (1) liability limitations and (2) contractual flexibility to order detailed private rules governing company affairs and assets.
The series LLC is a useful tool for owning multiple assets since it allows a real estate investor to keep properties or enterprises in separate, insulated compartments known as series. Series LLCs have been widely used in Texas since 2009. Applicable law is found in Texas Business Organizations Code (“BOC”) Sec. 101 et. seq. For more ...
Formed under Texas law, the Texas Series LLC is a form of limited liability company (LLC). According to Section 101.601 of the Texas Business Organization Code , (a) A company agreement may establish or provide for the establishment of one or more designated series of members, managers, membership interests, or assets that:
A series LLC shares core characteristics with a traditional LLC, including the benefit of informal management, an effective liability shield, and pass-through taxation; but a series LLC also segregates and compartmentalize assets and liabilities within individual series.
A series LLC, formed under Texas law, is an LLC that provides in its governing documents for the establishment of a series of members, managers, membership interests, or assets that have separate rights, obligations and liabilities and business purposes from the general LLC.
1 maj 2023 · A Texas Series LLC is a special type of limited liability company that allows for the creation of multiple series within one entity, each with its own assets, liabilities, and members.
11 lut 2015 · A series limited liability company, or a series LLC, is a special type of LLC made up of individual series. Each series in the LLC can have its own members and managers, its own assets and liabilities, and its own business purpose or investment objective.
