Series Llc Templates

A series LLC, also known as a series limited liability company, is a unique entity structure that provides businesses with flexible and efficient asset protection. This type of LLC allows for the creation of individual series or cells within the larger company, each with its own assets, operations, and liability protection.

The advantages of a series LLC are numerous. By segregating assets and operations into separate series, businesses can minimize risk and protect their assets from the liabilities of other series. This structure is particularly beneficial for businesses that operate multiple entities or properties, such as real estate investment companies or franchise owners.

In order to establish a series LLC, certain legal documents need to be prepared and filed. These documents vary depending on the state in which the LLC is formed, but they generally include a Certificate of Organization (or Certificate of Formation) for the series LLC as a whole, as well as individual documents for each series within the LLC.

For example, in Utah, the Certificate of Organization (Series Limited Liability Company) is used to officially form the series LLC. In Nebraska, the Statement of Protected Series Dissolution is required when dissolving a specific series within the LLC. Additionally, the Statement of Designation Change is used in Nebraska when changing the name of a series LLC, and the Protected Series Designation is required in Arkansas for creating a protected series within the LLC. Lastly, in Delaware, the Certificate of Registered Series of Limited Liability Company is used to register individual series within the series LLC.

These documents are crucial for establishing and maintaining a series LLC, and it is important to ensure that they are prepared accurately and in compliance with the laws of the state where the series LLC is formed.

If you're considering forming a series LLC or need assistance with the required documents, our team of experienced professionals can guide you through the process and help you navigate the complexities of this unique entity structure. By utilizing a series LLC, you can enjoy the benefits of asset protection and operational flexibility, while streamlining your business operations and maximizing your overall efficiency.