The benefits of a Series LLC include the ability to own multiple assets through one Limited Liability Company that is composed of a potentially unlimited number of “series,” each of which can be treated independently for liability purposes if the requirements of the Series LLC statute are complied with (such as having a properly prepared Operating Agreement). The Series LLC provides for independent and separate liability of each asset within each series, without the additional administrative burden of creating a separate limited liability company for each asset. The number of series can be increased or reduced without creating a new LLC. Conventional LLCs can also be converted into a Series LLC without the need to form a completely new entity. More details are provided in an article that can be accessed opening the PDF file below. You will need the FREE Acrobat Adobe Reader software available at www.adobe.com.
