Series Limited Liability Company (LLC)

In the last decade, business organization development took a step forward with the emergence of series LLC's. In 2009, this business structure became available in Texas as an alternate to operating an ordinary LLC, limited partnership, or corporation. The insulation from liability that a series LLC can offer is unlike any other business formation, and allows the owner(s) great flexibility in its operations. A series LLC under Texas law allows a business owner, in their company agreement, to establish or provide for one or more designated “series” of members, managers, memberships interests, or assets. These designated series have separate rights, powers...

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