The series LLC consists of a master LLC and one or more individual series LLCs that branch off from it. Starting your own Series LLC in Texas doesn’t have to be difficult.

Most state laws have straightforward requirements for business names. Texas Instruments 1 SLUP263 3-1 Topic 3 Designing an LLC Resonant Half-Bridge Power Converter Hong Huang AbstrAct While half-bridge power stages have commonly been used for isolated, medium-power applications, After all, a Series LLC involves distribution of assets and liabilities across the individual companies that lie within.

If you have separate businesses, you’re ideally suited to convert to a Series LLC. We try to prepare all of the conversion paperwork and forward to you via email on the same day we receive your request/order (following business day if we receive your order after 2:00pm CST). Each series serves as a liability container.

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: The PMP20289 was built and tested to verify the performance of a high frequency (>400kHz nominal switching frequency) LLC series resonant converter (LLC-SRC) implemented with Texas Instrument’s high voltage GaN FETs under nominal (390V to 12V) voltage conversion. This process can typically be done simultaneously. Investors can manage wealth by dividing investments between the child series based on potential return and risk. Voltage gains of 2- and 3-element resonant topologies with voltage sources are analyzed in this paper. These methods vary by state, and you should handle each method according to your state's laws. Generally speaking, it takes about 1 week to convert a traditional Texas LLC to a Series LLC. The Texas Series LLC, Generally. Series LLCs are often used as an alternative to a holding company structure. As a result, the … The popular LLC series resonant converter (LLC-SRC) [1] is then used as an example to show the linearization process in FHA. Converting to a Series LLC. I raised my hand and was one of about seven attorneys from across Texas (in a room of approximately 300) who had. The goal of a series LLC is to separate assets so that the debts and obligations of one asset cannot infect other assets of the same company. When the company establishes a series of assets, each asset is treated as though it were owned by a separate company. Why? Under Texas law, a series LLC is defined as 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.” If you want to learn more about the basics of series LLCs, check out our What is a Series LLC page.. But, before you do, you need to do a bit of housekeeping.

You can't "convert" an LLC to a Series LLC, at least not in Texas or Nevada, and I doubt you can do it anywhere else. Of the seven, only me and one other attorney had created more than four series LLCs. Be advised, if you still wish to operate your LLC in the original jurisdiction, you will need to register your LLC in the original jurisdiction, now as a foreign LLC. 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. The Texas Secretary of State’s office offers a simplified method of converting a Texas LLC to a Texas corporation.

This process is known as a “statutory conversion” and will automatically convert the LLC to a corporation. These requirements usually state that the name must include the phrase “limited liability company” or an abbreviation like “LLC” and must not be confusingly similar to other companies. I was surprised by the number of corporate lawyers who had not yet created a Texas series LLC. Converting your existing LLC to a series LLC primarily depends on whether your state's LLC laws allow a series LLC. Formed under Texas law, the Texas Series LLC is a form of limited liability company (LLC). A series LLC in Texas is a special type of LLC that provides specific liability and tax benefits to its owners and members. What to Name a Series of a Series LLC. This process can typically be done simultaneously. This is a favorable method as you will not have to independently convey your LLC’s assets and liabilities to that new corporation. The most important benefit of a series LLC is the ability to protect each child series and its assets from the liabilities of the other child series and the master LLC. As of January 2011, only eight states allow the formation of a series LLC: Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee, Texas and Utah. Because there is specific disclosure language that must be included in the formation filing notifying would be creditors and others that there could be Series involved that are legally separate from the original LLC. To convert an LLC to a corporation, you can choose from three different conversion methods. The digital controller UCD3138A is used along with the UCD7138 SR controller to optimize LLC-SRC efficiency.