Series LLCs are often used as an alternative to a holding company structure. Once you mail the filing fee along with 2 completed copies of the Certificate of Formation, you can expect 2 things: first, within 5-7 business days, the State will send you back a copy of the Certificate of Formation with a stamp of approval. Our SOSDirect account allows us to create your LLC & return all documents to you in less than 2 business days in most cases.We offer online Texas LLC formation packages for as little as $250 + state filing fee. Each individual series retains all the rights of a regular LLC, including liability protection that keeps the series separate from … The series LLC (SLLC) includes a master or umbrella LLC and other LLCs which are separated from each other for liability purposes (called "cells." A series limited liability company, commonly known as a series LLC and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series. For the purposes of the answer, I will go ahead and recommend a Texas Series LLC (in part because it has the lowest costs).

This article outlined the three states I most recommend for forming the Series LLC.

The limited liability company (hereinafter LLC) is neither a corporation nor a partnership; rather, it is a distinct type of entity. Beyond just looking to form an inexpensive Series LLC, … Each cell LLC has assets separate from the others, while the master LLC controls all the LLCs in the series. Each series serves as a liability container. Your LLC is now a legally formed business in the State of Texas.

By Jennifer Reuting . A series limited liability company is a special form of LLC that is authorized by state law to hold assets in one or more series. Title 1, chapter 3, subchapter A of the BOC governs the formation of an LLC and sets 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.”. An LLC is governed by title 3, chapter 101 of the Texas Business Organizations Code (BOC).

Each series operates like a separate entity with a unique name, bank account, and separate books and records. We are an A+ rated Texas law firm that focuses on flat fee Texas LLC formations. A series LLC is a unique form of limited liability company ("LLC") in which the articles of formation specifically allow for unlimited segregation of membership interests, assets, and operations into independent series. Each cell LLC has its own owners (members) and is liable only for its own debts and obligations. In certain states, a limited liability company can be comprised of numerous series (or cells), each with its own separate veil of liability protection.This is called a series LLC, and it’s often used as an asset protection device that, in some states, saves the formation fees and the hassle of creating multiple LLCs for each asset.