Series LLCs in Plano, TX
Sometimes a company’s specific requirements aren’t always satisfied by a typical business formation plan. The Law Offices of John F. Williams, Jr. can discuss with you the option of series LLCs. This unique business formation strategy is perfect for those with multiple business interests and assets that require special protections. John F. Williams, Jr. has extensive expertise and experience in helping all types and sizes of organizations create the perfect legal foundation for their businesses. If you are interested in series LLCs as an option for your business, call the Law Offices of John F. Williams, Jr. today!
What are Series LLCs?
Series LLCs are a unique variation of the more common limited liability company (LLC) that allows unlimited segregation of interests, assets, and operations. Each piece acts as its own separate LLC with its own bank accounts, books, and records. Each LLC may have different managers and members. The unique quality is that each series LLC has protection from each other. If one LLC is sued, there is still protection for each separate entity. This is cost-effective for someone wanting to segregate risk without the cost of having to create whole separate entities.
How Do I Form a Series LLC?
Formation of series LLCs is very similar to forming a regular LLC. You will need to file your documents with the government entity specified for your state. In order to make it a series LLC, you will need to specify on your articles of incorporation that it is a series LLC. Then you will need to create a separate operating agreement for the master LLC and the subsequent LLCs. An experienced attorney will be able to assist you in creating and filing these important documents.
If you have questions about series LLCs, contact the Law Offices of John F. Williams, Jr. Call 972-527-4500 today to schedule your initial consultation with an experienced business formation attorney.